Wacai

Wacai launched its " " bookkeeping app in June 2009. It has since added mutual-fund trading, credit-card management, wealth management and credit services. It serves retail consumers and uses big data and machine learning for personalized recommendations. Monetization is freemium plus marketplace commissions. It raised about $330M over 8 rounds, with a $140M Series D led by Warburg Pincus in 2018 at roughly a $1B valuation. Headcount is far below its earlier scale, and sources give conflicting estimates (about 28–70 in recent databases).