China-based e-invoicing company Hainan Golden has completed USD 141 million in a series B round of funding led by Chinese tech company Tencent.
Investment company Hillhouse Capital, Chinese conglomerate Wanda Group, investment firm IDG Capital and Beijing-based investment fund Prometheus Capital. Founded in 2017, Golden is focused on electronic invoicing (e-invoicing), covering small procedures invoicing, invoice head assistant, scanning code invoicing, public number invoicing and payment after invoicing. It has developed an e-invoicing service platform called WeTax.
Based on blockchain and four certificates, including ID card, transaction certificate, payment voucher and invoice document, Golden combines issuing, receiving, preserving and verifying invoices in one system.
Proceeds will be used to invest in the research of blockchain, cloud computing and big data to build the risk management system for the digitization of taxation. It will also be used to develop customized e-invoicing solutions for different industry.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.