Yongqianbao
用钱宝
Yongqianbao (用钱宝) is a Chinese fintech platform focused on AI-driven consumer credit, led by CEO Jiao Ke, a post-80s entrepreneur who received early backing from Source Code Capital's Yi Cao after a decisive pitch . The company targets borrowers traditionally excluded from formal financial services—those without credit cards—and hit one million monthly transactions by late 2016, averaging roughly 30,000 loans per day or one every three seconds . Source Code Capital invested across multiple rounds, including a RMB 466 million Series C in which it re-upped, and listed Yongqianbao among its representative "new finance" portfolio companies alongside Qudian and others . The platform was recognized in CB Insights' 2017 Global Fintech 250 .
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Coverage
Asset360 Closes New Funding Round; Existing Investor Source Code Capital Continues to Increase Stake
End-to-end, one-stop services covering the full lending lifecycle — from pre-loan origination and mid-loan management through post-loan collection and resolution.
Hai Feng Education Raises Tens of Millions of Dollars in Series C Funding from TAL Education Group and Source Code Capital
Following its Series B round in July 2017, this marks the second round of funding Hai Feng Education secured within six months.
Source Code Capital 2017: The Year of Establishing Our Footing
Never Settle
Zhangshang Fucai Raises RMB 20 Million Angel Round from Source Code Capital and Buhuo Ventures
Zhangshang Fucai is, in simple terms, the JD.com of the renovation materials space.
Source Code Capital Portfolio Company Qudian Successfully Lists on the New York Stock Exchange | Live Photo Report
China's leading fintech company Qudian Inc. (NYSE: QD) listed on the New York Stock Exchange in the United States.
CB Insights Global Fintech 250: Four Source Code Capital Portfolio Companies Make the List
CB Insights, a United States-based venture capital research firm, released its 2017 global Fintech 250 list, with four companies from Source Code Capital's portfolio making the cut.
Source Code Capital was ranked among China's Top 50 Best Venture Capital Firms, Top 20 Best Foreign Venture Capital Firms, and Top 10 Best Investment Firms in Tech Finance for 2016.
Source Code Capital ranked 50th on ChinaVenture's 2016 "China's Top 100 Best Venture Capital Institutions" list and 20th on the "China's Top 50 Best Foreign Venture Capital Institutions" list, and was named one of the top ten best investment institutions in China's tech finance industry for 2016.
Yongqianbao Announces Completion of 466 Million Yuan Series C Funding Round, Source Code Capital Follows On
On March 28, Yongqianbao announced the completion of its Series C funding round, with Source Code Capital participating as a follow-on investor.
Yi Cao: Inclusive Finance Enters an Era Where "Internet Plus" and "AI Plus" Work in Tandem
"New finance" is an even bigger opportunity than social media, search, e-commerce, O2O, and what came before.
With AI, Yongqianbao Hit One Million Monthly Transactions
A monthly transaction volume of 1 million means roughly over 30,000 transactions per day — a new loan is originated on the Yongqianbao platform every three seconds. And many of the people initiating these loans have no credit cards and no access to traditional financial services...
Yi Cao of Source Code Capital Named Cyzone's 2016 China Angel Investor of the Year
Yi Cao emphasized that great companies and outstanding investors succeed by capturing the convergence of three peaks: "the right timing, the right place, and the right people."
World Internet Conference Opens; Source Code Capital Named New Investor of the Year
Source Code Capital was named to the "Top 30 Emerging Investment Firms of 2016" list in Wuzhen.
Source Code Capital Launches 2017 Campus Recruitment
On November 3, we'll be waiting for you at Tsinghua University's PBC School of Finance.
Yi Cao: Source Code Capital's "Three Horizontals, Nine Verticals" Investment Map
Where, when, and by whom will the next major innovation opportunity emerge?
Yi Cao: "Internet Plus" Has Run Its Course — The Next Waves Are "Intelligence Plus" and "Global Plus"
The "Internet Plus" initiative is entering its final handover phase.
Yi Cao Named to ChinaVenture-FT China Top 100 Investors of the Year 2016
On August 15, 2016, ChinaVenture held its "2016 China Investment Annual Conference" in Shenzhen, where it also released the "ChinaVenture 2016 Best Chinese Investors" list.
Yi Cao of Source Code Capital topped Cyzone's "40 Under 40 Investors" list.
On May 11, 2016, Cyzone released its "40 Under 40 Investors" list, with 32-year-old Yi Cao of Source Code Capital becoming the youngest person ever to top the ranking.
