Tech Company Financing Transactions
Micro Connect Funding Round
On 8/3/2023, Micro Connect landed $458 million in Series C funding from private investors.
Transaction Overview
Company Name
Announced On
8/3/2023
Transaction Type
Venture Equity
Amount
$458,000,000
Round
Series C
Investors
Proceeds Purpose
The MCEX provides very needed financial support to these companies while it also provides new investment opportunities for international investors
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Suites 2105-2108, Two Exchange Square 8 Connaught Place Cent
Hong Kong, Undisclosed
HK
Hong Kong, Undisclosed
HK
Phone
Undisclosed
Website
Email Address
Overview
Micro Connect is a new financial market platform connecting global capital with China's micro and small businesses. The Company has created Daily Revenue Obligations (DROs) as a new asset class for direct and diversified exposure to the daily and transparent cash flows of millions of stores in China's vibrant consumer economy, while making capital more accessible and affordable to business owners. Investment returns are collected securely via the Automated Repayment Mechanism, a digital infrastructure network Micro Connect operates in partnerships with brands / franchises, financial institutions, and SaaS companies nationwide.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Charles Li
Chief Executive Officer
Gaobo Zhang
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