Lianlian Digital Technology Co., Ltd. announced that it has received more than 1 billion yuan of financing from Sequoia Capital after completing the multi-billion-yuan financing represented by China Everbright Industrial Co., Ltd. and Zhejiang Sai Bole. According to informed sources, the total amount of the two rounds of financing is nearly 5 billion yuan. According to reports, this round of financing will be used to further accelerate the global industrial layout and talent recruitment of consecutive figures, focusing on supporting overseas expansion of continuous payments and the construction of a new global capital network centered on cross-border payments.
In addition, after this round of financing, Shen Nanpeng, the global executive partner of Sequoia Capital, Chen Yuqing, the general manager of Everbright Industrial Capital, and Chen Bin, the president of Zhejiang Saibo Le Investment, personally served as directors of consecutive digital figures to participate in the strategic layout of the company.
The consecutive figures were established in February 2009, and the industrial and commercial approval and July 2018, the foreign holdings have eight companies including continuous payments.
According to reports, continuous payment is the core business of Lianlian Digital. According to public information, successive payments were established in Hangzhou High-tech Zone in August 2003 with a registered capital of 325 million yuan. On August 29, 2011, the successive payment received the “Payment Business License” issued by the People's Bank of China, and the business types were Internet payment and mobile phone payment, covering the whole country; On August 29, 2016, the continuous payment completed the payment business license renewal.