{"id":885,"date":"2019-10-02T17:37:36","date_gmt":"2019-10-02T17:37:36","guid":{"rendered":"https:\/\/wiharper.com\/?p=885"},"modified":"2019-10-02T17:37:36","modified_gmt":"2019-10-02T17:37:36","slug":"yunphant-closes-series-a-round-to-accelerate-financial-technology-business","status":"publish","type":"post","link":"https:\/\/wiharper.com\/yunphant-closes-series-a-round-to-accelerate-financial-technology-business\/","title":{"rendered":"Yunphant closes Series A+ round to accelerate financial technology business"},"content":{"rendered":"\n

WI Harper Group | Sept 25, 2019 <\/em><\/p>\n\n\n\n

Recently, WI Harper-backed Hangzhou Yunphant Network Technology Co., Ltd. (\u201cYunphant\u201d) and Zhejiang Yxassets Investment Management Co., Ltd. (\u201cYxassets\u201d) successfully completed the signing of its A+ financing round.\u00a0This financing will help Yunphant continue to enrich its product system, further promote the layout of blockchain technology in the financial technology industry, and empower the digital economy.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Yunphant was established in 2014.\u00a0 Thanks to their partnership with the Zhejiang University School of Computer Science, the company has an experienced financial technology team with extensive knowledge in blockchain, artificial intelligence, and big data, which has enabled them to successively obtain funding from well-known institutions, like WI Harper Group, Ningbo Duowei Space Equity Investment Co. Ltd., and Shenzhen Capital Group Co. Ltd. <\/p>\n\n\n\n

<\/div>\n\n\n\n

After more than five years of development, Yunphant has created a wide array of fintech products, including blockchain infrastructure, blockchain trade finance systems, supply chain financial systems, big data risk controls and anti-fraud systems. It currently provides services to Yiyun, Bank of China, China Minsheng Bank, China CITIC Bank, Industrial Bank, China Everbright Bank, Postal Savings Bank of China, Ping An Bank, Zhejiang Financial Assets Exchange Center, Zhejiang Intellectual Property Exchange Center, Inspur Group and other dozens of well-known institutions. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Yunphant has applied for more than 70 national invention patents and more than 30 software copyrights.\u00a0 This intellectual property moat is a key driver for why the company is the only blockchain enterprise involved in the formulation of the People’s Bank of China\u2019s trade finance blockchain standard.\u00a0 In addition, Yunphant has participated in a number of special projects for the Ministry of Science and Technology, and has undertaken the first key research and development plan on blockchain from the Zhejiang Province Project.\u00a0 <\/p>\n\n\n\n

<\/div>\n\n\n\n

Yunphant\u2019s Domestic Blockchain-based Platform for Circulation of Letter of Credit won the \u201c2017 People\u2019s Bank Science and Technology Development Award\u201d<\/em>, and its full-featured Blockchain-based Forfeiting Financial Asset Trading Market made the list of\u201d10 Major Events in Financial Informatization in 2018\u201d<\/em>. \u00a0Yunphant also ranked first in the “Top 100 List of China Blockchain Enterprises”<\/em>, jointly released by Tsinghua University Internet Industry Research Institute and CCID Research Institute of the Ministry of Industry and Information Technology. At the 3rd Annual Growth Conference held by Hangzhou Municipal People’s Government and China Investment Development Promotion Association, Yunphant was shortlisted for the “Unicorn & Quasi-Unicorn Enterprises 2019”<\/em>.<\/p>\n\n\n\n

<\/div>\n\n\n\n

What\u2019s\nnext for Yunphant?  The company focus is\nmoving onto blockchain security, privacy protection, and industry solutions for\nthe financial technology vertical.<\/p>\n\n\n\n

Security and privacy\nprotection are prerequisites for financial technology.  Using its existing\ncase experience, Yunphant is able to support multi-chain architecture of complex\nbusiness systems, zero-knowledge proof privacy protection mechanisms for\naccount models, and key technologies (such as intelligent contract\nvulnerability detection based on graph neural network).  Data security is a cornerstone value for the\ncompany.<\/p>\n\n\n\n

<\/div>\n\n\n\n

Yunphant\nwill continue to extend the reach of existing products by providing effective\nsolutions for (1) supply chain management systems, (2) logistics systems, (3) capital\nmanagement systems, (4) credit systems, (5) billing systems, (6) credit\nreporting systems, and (7) B2B payment systems.<\/p>\n\n\n\n

<\/div>\n\n\n\n

As Yao Qian, Deputy Secretary and General Manager of the China Securities Depository and Clearing Corporation, said in the speech titled \u201cDigital Assets and Digital Finance\u201d at the fifth Global Blockchain Summit: <\/p>\n\n\n

The digital economy is the body, the digital finance is the blood, and digital<\/p>\n

assets are the core. The digitization of assets is inseparable from the use of financial technology.<\/p>\n\n\n

<\/div>\n\n\n\n

Blockchain\nsolutions for FinTech is an important part of the digital economy landscape. Yunphant\nhopes to work with more institutions and insightful people in order to\nencourage and support digital economy\u2019s further development.<\/p>\n\n\n\n

<\/div>\n\n\n\n

Translated from: https:\/\/mp.weixin.qq.com\/s\/3kHDUEFooSSGF4_Pnf42dA<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"

WI Harper Group | Sept 25, 2019 Recently, WI Harper-bac […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"blocksy_meta":[],"acf":[],"_links":{"self":[{"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/posts\/885"}],"collection":[{"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/comments?post=885"}],"version-history":[{"count":0,"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/posts\/885\/revisions"}],"wp:attachment":[{"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/media?parent=885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/categories?post=885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/tags?post=885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}