Chinese Fintech Firm CGTZ.com Raises $358M Series D Round Led By Geo-Jade Petroleum

Hangzhou-based fintech platform CGTZ.com has raised a RMB2.3 billion (US$357.8 million) series D round led by Shanghai-listed Geo-Jade Petroleum, a Chinese real estate development and oil exploration and production firm. CGTZ.com provides investment products for small and medium-sized enterprises and individuals. It also provides collateral loans backed by vehicles and houses, and consumer installment credit products in rural areas. As of the end of May, the platform has more than 9 million registered users, with 1.15 million active users.

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