Fosun, Sequoia Back Mobile Financing Tool Feidee

Shenzhen-based personal finance mobile platform Feidee has received tens of millions U.S. dollars series B financing led by Fosun International, according to Feidee’s official Weibo account.

Existing investor Sequoia Capital also participated in the round.

The proceeds will be used for improving data and network traffic to provide accurate financial information and lending flow information.

The company previously received US$15 million series A financing from Sequoia Capital in 2012.

“The growth of personal wealth as well as personal financial products has been increasing dramatically in recent years, and this drives the need for personal financing apps and related products,” says Feidee’s founder and CEO, Gu Feng.

Founded in 2010, Feidee provides personal finance and accounting mobile app to over three million daily active users.