Ant Financial attaches great importance to startups’ technology capabilities when making strategic investments. There was a time when we found that most of the companies we considered good turned out to be using Vfinance account, payment and settlement systems. Most Internet startups can come up with impressive ideas and are equipped with excellent technology support, but when it comes to account systems, capital payment and settlement, their technologies can hardly satisfy the demand, which hinders their development. That’s why Vfinance caught our attention.
——Zhu Chao, Head of the Enterprise Development Department, Ant Financial
When we were working on infrastructure construction for road transport logistics, we found it hard to take our transactions online. That’s when we met Vfinance. It’s fair to say that Vfinance found a way out for us at Truck Alliance. Over the past year, the scale of our online transactions has grown from scratch to RMB 20 billion, and it’s Vfinance that’s been providing support the whole way.
——Tang Tianguang, Co-founder of Truck Alliance
We are in the B2B tourism industry. When our company’s transactions reached over 2 billion, we started to really pay attention to our financial management. At that time, as our cash flow and transaction flow were recorded separately, it was really difficult to establish good financial management. So we came to Vfinance. At first, we only saw Vfinance as an technology outsourcing company, but after working with them for a while, we were impressed by the company’s financial expertise and meticulousness, as well as its ability to adjust to our needs at different development stages. Finance plays an important role in industrial development. With the support of Vfinance’s systems, we are now able to deliver financial data as required. Our recent cooperation with MYbank was also facilitated by Vfinance. We really appreciate Vfinances’ efforts.
——Yuan Dong, Founder and CEO of Octopus Online Tourism
We provide business data management services for used car dealers. This job has strict requirements in expertise and meticulousness, so we needed to find a highly professional partner in the industry. It was a wise move to choose Vfinance.
——Yao Junhong, Founder and CEO of Souche
When I first met VFinance CEO Yu, he was talking about something so professional that I could hardly understand. I came to the conclusion that the man was either a heavyweight or a fraud. Later, I realized that Vfinance, whether in technology, business philosophy or the interpretation of new finance, shares a lot in common with Hexun and meets our development demands. That’s why we chose to establish a strategic partnership with Vfinance.
——Chen Geyang, Vice president of Hexun
Our team was the first and only in the industry to handle several transactions of more than RMB one trillion. With the support of our technology, and the recognition from financial institutions’ supervision departments, we’ve helped many renowned enterprises to apply for and obtain payment service licenses.
With over half being unicorns or publicly listed domestically or overseas, all covering more than 10 industries including logistics, new retailing, transportation, e-commerce, B2B platform and renting.
We standardize receipt and payment channels to satisfy diversified demands, including capital receipt and payment, and transaction source identification for a range of scenarios.
Our automated account reconciliation service ensures an easy and clear transaction management with explicit transaction details, sources and destinations.
In cooperation with multiple well-renowned banks, we provide enterprises with solutions for capital compliance to boost their credibility.
Logistics is a pillar industry of China’s economy. In 2017, the total cost of national social logistics accounts for 15.5% of the GDP, down from 18.1% in 2009, which is still much higher than developed countries’ 10%. Improving efficiency and reducing cost of logistics industry have become the goals of the government and enterprises in the ecosystem of logistics.
As our transportation system shakes off its poor impression in the past and grows more and more extensive and convenient, we have been witnessing the rapid development of cities at all times. As cloud computing, big data and artificial intelligence have been increasingly incorporated into various industries, means of transportation has also undergone dramatic changes.
As the rigid demand of four basic necessities of life together with clothing, food and transportation, housing has always been a market where capitals race to pour in. Given housing price hovering at a prohibitively high level and purchase limits constantly published by the government, people have no choice but compromise to rent houses as an alternative, sending rental market on fire.
B2B industry is in a period of rapid development. Currently, the coverage of B2B platforms is expanding rapidly across the nation and their depth of coverage in cities is also growing.
With their universal adaptability, VFinance’s technologies and products have proved to be effective across various industries in supporting enterprises noticeably improve their financial accuracy and capital management efficiency.
With the support of our technologies, and the recognition from supervision departments of financial institutions, we’ve helped many renowned enterprises apply for and obtain payment service licenses.
VFinance built primary internet financial infrastructure for multiple enterprises in their early development stages, providing a solid foundation for them to achieve fast growth.
VFinance-backed online management and financial strategies allow enterprises to win recognition and secure higher valuation in financing.
As an important part of Ant Financial’s ecosystem and a partner with multiple renowned banks, VFinance is committed to establishing a scenario-based ecosystem that provides sustainable support for enterprises on the platform through a series of professional services, covering Internet finance, marketing integration and financing.
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