Magnet Finance Overview

  • Year Founded
  • 2015

Year Founded

  • Status
  • Private

  • Latest Deal Type
  • Series B

  • Latest Deal Amount
  • $23.2M

  • Investors
  • 6

Magnet Finance General Information

Description

Provider of micro-finance banking services that's intended to connect clients with small enterprises looking for funding and financial services. The company's internet banking platform focuses on supplying small enterprises with loans through their supply chain finance model. Their solutions include helping financial institutions acquire customers, screen clients through due diligence and risk assessment, while also providing post-lending management.

Contact Information

Website
www.magfin.cn
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • Unit 302-304, Building B2
  • No. 700 Yishan Road, Xuhui District
  • Shanghai
  • China
+86 021
Primary Industry
Specialized Finance
Vertical(s)
SaaS, Supply Chain Tech, TMT, FinTech
Corporate Office
  • Unit 302-304, Building B2
  • No. 700 Yishan Road, Xuhui District
  • Shanghai
  • China
+86 021

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Magnet Finance Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
3. Early Stage VC (Series B) 24-Oct-2018 $23.2M Completed Generating Revenue
2. Early Stage VC (Series A) 20-Mar-2017 Completed Generating Revenue
1. Seed Round 08-Jan-2016 Completed Startup
To view Magnet Finance’s complete valuation and funding history, request access »

Magnet Finance Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of micro-finance banking services that's intended to connect clients with small enterprises looking for funding
Specialized Finance
Shanghai, China

Beijing, China
 

Dubai, United Arab Emirates
 
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Magnet Finance Competitors (9)

One of Magnet Finance’s 9 competitors is CreditEase, a Formerly VC-backed company based in Beijing, China.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
CreditEase Formerly VC-backed Beijing, China
Beehive (Financial Software) Formerly VC-backed Dubai, United Arab Emirates
Rong360 Formerly VC-backed Beijing, China
WeLab Holdings Venture Capital-Backed Shenzhen, China
Renrendai.com Venture Capital-Backed Beijing, China
You’re viewing 5 of 9 competitors. Get the full list »

Magnet Finance Investors (6)

Investor Name Investor Type Holding Investor Since Participating Rounds
China Broadband Capital Partners Venture Capital Minority
InnoVen Capital Lender/Debt Provider Minority
SVB Financial Group Corporation Minority
Source Code Capital Venture Capital Minority
MPC (Beijing) Venture Capital Minority
You’re viewing 5 of 6 investors. Get the full list »

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Magnet Finance FAQs

  • When was Magnet Finance founded?

    Magnet Finance was founded in 2015.

  • Where is Magnet Finance headquartered?

    Magnet Finance is headquartered in Shanghai, China.

  • What industry is Magnet Finance in?

    Magnet Finance’s primary industry is Specialized Finance.

  • Is Magnet Finance a private or public company?

    Magnet Finance is a Private company.

  • What is Magnet Finance’s current revenue?

    The current revenue for Magnet Finance is .

  • How much funding has Magnet Finance raised over time?

    Magnet Finance has raised $32.6M.

  • Who are Magnet Finance’s investors?

    China Broadband Capital Partners, InnoVen Capital, SVB Financial Group, Source Code Capital, and MPC (Beijing) are 5 of 6 investors who have invested in Magnet Finance.

  • Who are Magnet Finance’s competitors?

    CreditEase, Beehive (Financial Software), Rong360, WeLab Holdings, and Renrendai.com are some of the 9 competitors of Magnet Finance.

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