Warburg Pincus Leads US$140 Million Series D Round for Wacai (Asia)

Source(s): Asia Private Equity Review

Global private equity fund manager Warburg Pincus has led a US$140 million Series D funding round for China-based fintech company Hangzhou Wacai Internet Financial Services. China-focused venture capital fund manager Qiming Venture Partners, which originally invested in the company in 2014, also participated in the round. Wacai offers various mobile applications for personal finance, credit and wealth management.