Tongdun Technology, a Chinese risk control services provider, has raised $100 million in a new round of funding led by CMC Capital, GGV Capital, China Everbright Limited and Guotai Global Investments. Existing investor Cinda Sinorock Capital also participated. China Taihecap served as exclusive financial advisor.

Hangzhou-based Tongdun, previously known as FraudMetrix, provides risk control and anti-fraud solutions based on artificial intelligence (AI) and big data analysis. This includes tracking customer credit records through multiple online platforms to identify fraudulent or high-risk behavior that might result in a financial loss.

Its 600-strong team has worked with more than 7,000 Chinese companies over the past four years. Customers include internet finance businesses, traditional banks, insurers, e-commerce companies, and social networking platforms.

Tongdun previously raised seed funding from IDG Capital and China GrowTaihecap in 2013, and a Series A round from China Broadband Capital and Linear Ventures in 2014.

Qiming Venture Partners invested the following year, leading a $30 million Series B round, and then in 2016 Advantech led an extension of RMB32 million. In 2017, the company raised a $78.2 million Series C round from Singapore’s Temasek Holdings, Cinda Sinorock and Tiantu Capital.

Source：https://www.avcj.com/avcj/news/3014711/china-risk-management-specialist-tongdun-raises-usd100m