Corporate access platform for the investment community WeConvene has raised $12.5m in a Series B round.
CreditEase’s Fintech Investment Fund led the round with Wonderful Sky Financial Group and OSK Ventures International also participating.
Hong Kong-based WeConvene’s platform aims to help buy-side and sell-side companies in capital markets as well as investor relations teams to more easily set up, manage, execute and track interactions.
Credit Ease’s Nina Zhou, who will join WeConvene’s Board of Directors, commented: “WeConvene’s focus on innovation for the capital markets stood out to us because it was powered by a technology advantage and competitive strategic partnerships, key criteria for our investments.
“Global capital market players are looking for digital-first ways to better manage the corporate access process, and WeConvene has developed an agile and intuitive platform for buy-side, sell-side and corporates and has true potential to address a variety of other business needs.”
The firm will use the new capital to expand its sales and development teams with the aim of implementing MiFiD II-compliant technology to meet client demand.
WeConvene’s CEO and founder Radek Barnert added: “We are excited to welcome our new investors to the company.
“With their shared vision and support, WeConvene will be able to accelerate its growth and delivery of exciting solutions to our clients.”
The new round takes WeConevene’s total funding to more than $15.7m with it previously raising $2.5m in a Series A round from hedge fund Dymon Asia’s venture arm.
Copyright © 2017 FINTECH GLOBAL