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- 51 Credit Card Manager
51 Credit Card Manager Revenue, Valuation, Funding & Investors
51 Credit Card Manager is valued at $1B as of September 2016, a 66.7x multiple on its last reported $15M revenue.
Last 51 Credit Card Manager valuation
$1B
Series C · Sep 2016
Last 51 Credit Card Manager funding round
$84M
Series C · Oct 2016
51 Credit Card Manager revenue
$15M
Series C · Sep 2016
Key investors in 51 Credit Card Manager
GGV Capital
Shunwei Capital
SIG China (SIG Asia Investments)
Meridian Capital Asia
Tiantu Capital
JD.com
About 51 Credit Card Manager
51 Credit Card Manager is a Hangzhou-headquartered developer of mobile applications for credit card bill management in China. Launched in 2012, the app tracks transactions, due dates, and payments for major banks like ICBC and China Construction Bank. It serves millions of users with features like spending analytics and reminder alerts, available on iOS and Android stores.
Founded
2012
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales, Subscription
Revenue
$15M (Sep 2016)
Valuation
$1B (Sep 2016)
51 Credit Card Manager Valuation
51 Credit Card Manager is currently valued at $1B, based on its Series C in September 2016.
The $310M round was led by Tiantu Capital and Quzhou Xin'an Development.
51 Credit Card Manager valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Sep 2016 | Series C | $1B | 66.7x |
51 Credit Card Manager Revenue
51 Credit Card Manager's latest recorded revenue is $15M, as of its Series C in September 2016. At a $1B valuation, that implies a 66.7x revenue multiple.
51 Credit Card Manager revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Sep 2016 | $15M | $1B | 66.7x | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
51 Credit Card Manager Funding History
51 Credit Card Manager has raised a total of $459M across 4 funding rounds.
51 Credit Card Manager's first fundraising round was a $15M Series A in October 2013. The most recent completed round was a $84M Series C in October 2016.
51 Credit Card Manager funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2016 | Series C | Harvest Capital (lead); Yintai Group (lead); Guosen H&S Investments | $84M | - | 51 Credit Card Manager (also referred to as U51 or 51 Credit Card) is a Chinese credit card management app focused on liability management and financial technology services. In October 2016, it raised a combined US$84 million from Harvest Global Investments (Harvest Capital), Intime Commercial (Yintai Group), and Guosen H&S Investments, with Harvest Capital and Yintai Group as lead investors. The company is listed among leading Chinese fintech firms in the 2017 KPMG China Fintech 50 report, highlighting its role in credit card management alongside investors including Yintai Group, FunCity, HG Capital, Qianhe Capital, Aplus, and Guosen H&S. |
| Sep 2016 | Series C | Tiantu Capital (lead); Quzhou Xin'an Development (lead) | $310M | $1B | 51 Credit Card Manager is a Chinese fintech company founded in May 2012 that operates a bill management app helping users with online credit card applications, wealth management, lending, and installment payments. The app had over 70 million users by late 2016 and positioned itself as a comprehensive personal financial management platform, later expanding into micro-loans via acquisition of 99fenqi and planning a fintech investment fund. In September/October 2016, it raised $310 million in a Series C round led by Tiantu Capital and Xinhu Zhongbao (also referenced as Quzhou Xin'an Development or real estate firm Xinhu Zhongbao), followed shortly by an $84 million C+ round from Harvest Capital and Yintai Group, bringing total funding to over $400 million and valuing the firm at more than $1 billion USD. The company reported generating a profit with monthly revenues of $14.76 million USD around this time. Proceeds were used to expand services, invest in regional fintech via a new fund with hundreds of millions in RMB targeting asset management, data, and credit services, and build an industry ecosystem. It was the largest online credit card management platform in China by MAU (4.6 million average in 2016) and grew loan facilitation volume significantly to RMB10.3 billion in 2016, though full-year revenue was RMB777 million with adjusted operating profit. |
| Apr 2015 | Series B | GGV Capital (lead); Shunwei Capital; JD.com | $50M | - | 51 Credit Card Inc. (also known as 51 Credit Card Manager, U51, or 51Zhangdan) is a Chinese online credit card management platform launched in 2012, recognized as the first in China and the largest by monthly active users (MAU) in 2015-2017 per Oliver Wyman Report. It offers services like credit card bill management and expanded into online credit facilitation and investment in 2015, becoming the largest online consumer finance marketplace targeting credit card holders by loan facilitation volume in 2017. The platform had average MAU of 3.5 million in 2015, growing to 4.6 million in 2016 and 5.9 million in 2017, with 7.0 million in December 2017 and 81.0 million registered users across apps by end-2017. In April 2015, the company raised $50 million in a Series B round led by GGV Capital, with participation from JD.com and Shunwei Capital. Previously, it secured seed funding in 2012 from Meridian Capital and angel investor Charles Xue, followed by a $15 million Series A with SIG, Meridian Capital China, and Crystal Stream Capital. Subsequent rounds included $310 million Series C in September 2016 at $1 billion valuation from Xinhu Zhongbao and others, and $84 million Series C+ in October 2016 from InTime Commercial and Harvest Global Investments. Financially, revenues grew at a CAGR of 402.9% from RMB 89.7 million in 2015 to RMB 2,268.6 million (presumably in 2017), reflecting strong expansion post-2015 entry into consumer finance. In 2015, the company reported a loss of RMB 101.2 million after finance expenses related to preferred shares. By 2017, it achieved net profit of approximately $124 million on $360 million revenue and was profitable in 2016-2017 with adjusted operating profit margins of 15.2% and 34.3%. The company leverages big data and machine learning for risk management, analyzing over 20 data dimensions and 10,000 variables. 51 Credit Card went public on the Hong Kong Stock Exchange in 2018, raising HK$931.4 million ($119 million). Investors like InTime, JD.com, and SIG were in line for exits. Xiaomi is also a shareholder. |
| Oct 2013 | Series A | GGV Capital (lead); Meridian Capital Asia; Huaying Capital; Crystal Stream Capital; SIG China (SIG Asia Investments) | $15M | - | 51 Credit Card Manager is a Chinese online credit card management platform launched in 2012, offering services such as bill analysis, bookkeeping, credit card applications, repayments, and later online lending features like Shunshidai. The company closed a combined US$15 million Series A and A+ round in 2013 from SIG, Crystal Stream, and Meridian Capital China, following an angel round in 2012 from Charles Xue and Meridian Capital China. In June 2015, 51 Credit Card Manager raised US$50 million in Series B funding led by GGV Capital at a valuation of nearly US$300 million. The funds were allocated to recruiting, R&D, risk control, and marketing, with plans to expand online lending and a potential Series B+ round. By then, the app had over 36 million downloads, managed more than 35 million credit cards, and served about 20% of China's most active credit card users. The company later pursued an IPO on the Hong Kong Stock Exchange, raising HK$931.4 million (US$119 million). IPO documents reported revenue of RMB89.7 million in 2015, growing at a CAGR of 402.9% to RMB2,268.6 million in 2017, with average monthly active users (MAU) increasing from 3.5 million in 2015 to 5.9 million in 2017, and cumulative credit cards managed reaching 106.3 million by end-2017. |
Who has invested in 51 Credit Card Manager?
12 investors have backed 51 Credit Card Manager across its funding rounds, including GGV Capital, Shunwei Capital, SIG China (SIG Asia Investments), Meridian Capital Asia, Tiantu Capital and JD.com.
Lead investors include Harvest Capital, Yintai Group, Tiantu Capital, Quzhou Xin'an Development and GGV Capital.
51 Credit Card Manager Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Oct 2013 | ||
| 1 | Lead | Oct 2016 | ||
| 1 | Participant | Oct 2013 | ||
| 1 | Participant | Oct 2013 | ||
| 1 | Participant | Apr 2015 | ||
| 1 | Participant | Apr 2015 | ||
| 1 | Lead | Oct 2016 | ||
| 1 | Participant | Oct 2013 | ||
| 1 | Lead | Sep 2016 | ||
| 1 | Participant | Oct 2016 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by 51 Credit Card Manager
51 Credit Card Manager has acquired 1 company to date.
Last acquisition by 51 Credit Card Manager was on April 12th 2017. 51 Credit Card Manager acquired YACOL.com for $160M.
Latest Acquisitions by 51 Credit Card Manager
| Description | YACOL.com is a Chinese payment services provider licensed for mobile payments, internet transactions, prepaid card issuance, and acceptance. Operating from Shanghai, it handles clearing and settlement processes for e-commerce and financial platforms. The company emphasizes risk controls and technical infrastructure to support high-volume internet finance operations across China. |
| HQ Country | |
| HQ City | Beijing |
| Deal Date | 12 Apr 2017 |
| Valuation | $160M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all 51 Credit Card Manager acquisitions and their M&A valuation multiples. Start Free Trial | |
Investments by 51 Credit Card Manager
51 Credit Card Manager has invested in 8 companies to date.
Latest investment by 51 Credit Card Manager was on August 27th 2019. 51 Credit Card Manager invested in Youshu in their $7M Series A round.
Latest Investments by 51 Credit Card Manager
| Description | Youshu Technology is a Shanghai-headquartered provider of data intelligence services built on enterprise credit data for finance, government, and industry sectors in China. Products feature risk assessment models, compliance screening, and predictive analytics delivered through SaaS platforms and APIs. Solutions support loan approvals, supplier vetting, and regulatory reporting. Established in 2015, the company processes billions of data points daily from public and proprietary sources. | Huisuanzhang is a Beijing-headquartered financial platform offering integrated tax and accounting services to small and medium enterprises across China. Founded in 2015, the company handles business registration, tax audits, filings, and trademark applications through branches in Shanghai, Guangzhou, Shenzhen, Chongqing, Tianjin, and Hangzhou. Huisuanzhang covers more than 200 cities with a network of regional agencies, utilizing cloud technology for standardized compliance support. | Lenudo is a Taiwan-based producer of multi-touch capacitive screens for interactive displays. Products integrate into gaming consoles, business kiosks, cell phones, toys, and amusement parks, supporting up to 10-point touch with multimedia capabilities. | Weiclicai is a Beijing-headquartered platform specializing in property rights crowdfunding for real estate, equipment leasing, and commodities. Investors participate in rental income from assets like machinery and vehicles, with the platform handling procurement, leasing operations, and sales through third-party partners. Launched in 2014, it serves thousands of users across multiple asset categories including medical devices and agricultural tools. | |
| HQ Country | |||||
| HQ City | Hangzhou | Beijing | Hangzhou | Shenzhen | |
| Deal Date | 27 Aug 2019 | 26 Jan 2018 | 18 Aug 2017 | 31 Jul 2017 | |
| Round | Series A | Series B | Angel | Series A | |
| Raised | $7M | $31M | $400K | $5M | |
| Investors | In Capital; Merit Interactive | Xiaomi | - | In Capital; CrestValue | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all 51 Credit Card Manager investments and their VC round multiples. Start Free Trial | |||||
51 Credit Card Manager Competitors
51 Credit Card Manager competitors include listed companies like 74Software and Freee, and private ones like Clara, DataSnipper, FreshBooks and Payhawk.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | $45M | - | $1B | 22.2x | ||
| Private | - | - | $1B | - | ||
| Private | $45M | - | $1B | - | ||
| Publicly listed | $814M | $112M | $1.3B | 1.8x | ||
| Publicly listed | $214M | $6M | $1.5B | 4.8x |
51 Credit Card Manager Public Comps
51 Credit Card Manager is still privately-owned, but its public comps include Fujian Boss Software, 74Software, Teamshares, Freee, Miroku Jyoho Service, Nordtech Group, BlackLine, Baiwang Cloud, Avant Group and Zaggle Prepaid Ocean.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $299M | $40M | 2.8x | 2.9x | 21.1x | 21.0x | |||
| $814M | $112M | 1.9x | 1.8x | 13.7x | 9.8x | |||
| $472M | ($23M) | 1.7x | 1.4x | (35.0x) | 33.2x | |||
| $214M | $6M | 6.3x | 4.8x | 237.7x | 65.4x | |||
| $315M | $58M | 1.1x | 1.1x | 6.0x | - | |||
| $72M | $15M | 5.1x | - | 25.2x | - | |||
| $700M | $72M | 2.6x | 2.5x | 25.6x | 8.5x | |||
| $109M | $433K | 2.6x | 2.7x | 648.3x | - | |||
This data is available for Pro users. Sign up to see all 51 Credit Card Manager competitors and their valuation data. Start Free Trial | ||||||||
Common questions about 51 Credit Card Manager
| When was 51 Credit Card Manager founded? | 51 Credit Card Manager was founded in 2012. |
| Where is 51 Credit Card Manager headquartered? | 51 Credit Card Manager is headquartered in China. |
| Is 51 Credit Card Manager publicly listed? | No, 51 Credit Card Manager is a private, VC-backed company. |
| What is 51 Credit Card Manager's valuation? | 51 Credit Card Manager was last valued at $1B in its Series C in September 2016. |
| How much funding has 51 Credit Card Manager raised? | 51 Credit Card Manager has raised $459M across 4 funding rounds. |
| What was 51 Credit Card Manager's last funding round? | 51 Credit Card Manager's last funding round was a $84M Series C in October 2016, led by Harvest Capital and Yintai Group. |
| Who are 51 Credit Card Manager's investors? | 51 Credit Card Manager's investors include GGV Capital, Yintai Group, Meridian Capital Asia, Huaying Capital, Shunwei Capital, JD.com, Harvest Capital, Crystal Stream Capital, Quzhou Xin'an Development, Guosen H&S Investments and 2 others. |
| What is 51 Credit Card Manager's revenue? | 51 Credit Card Manager's latest recorded revenue is $15M (September 2016). |
| What is 51 Credit Card Manager's revenue multiple? | 51 Credit Card Manager's latest valuation implies a 66.7x revenue multiple ($1B valuation on $15M of revenue). |
| Which companies are comparable to 51 Credit Card Manager? | Companies comparable to 51 Credit Card Manager include Clara, DataSnipper, FreshBooks, Payhawk, 74Software and Freee. |
| How many companies has 51 Credit Card Manager acquired? | 51 Credit Card Manager has acquired 1 company, including YACOL.com. |
| What was the largest acquisition by 51 Credit Card Manager? | The $160M acquisition of YACOL.com in April 2017 is the largest acquisition 51 Credit Card Manager has made to date. |
| How many companies has 51 Credit Card Manager invested in? | 51 Credit Card Manager has invested in 8 companies, including Youshu, Huisuanzhang, Lenudo, Weiclicai, Qiancheng Technology, Chengniu Qiche Guanjia, Centaur and Yongqianbao. |
| What was 51 Credit Card Manager's last investment? | In August 2019, 51 Credit Card Manager invested in Youshu's $7M Series A alongside In Capital and Merit Interactive. |
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