Bangsun Technology Funding, Investors & Competitors

Bangsun Technology has raised $122M across 5 funding rounds, most recently a $51M Series C in June 2019.

Last Bangsun Technology funding round

$51M

Series C · Jun 2019

Cumulative funding Bangsun Technology raised

$122M

across 5 funding rounds

Key investors in Bangsun Technology

  • Legend Capital
  • SDIC Venture Capital
  • Magic Capital
  • Fortune Venture Capital
  • F&G Venture
  • VMS Asset Management
  • Cornerstone Capital
  • Nsfocus Information Technology Co.

Bangsun Technology Overview

About Bangsun Technology

Bangsun Technology is a Hangzhou-based provider of real-time financial risk management solutions. It delivers payment anti-fraud, app security, internet lending protection, data services, robot defenses, and anti-money laundering tools to banks and fintechs via bsfit.com.cn. Services cover major platforms in Zhejiang and nationwide.


Founded

2010

HQ

ChinaHangzhou

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Bangsun Technology Funding History

Bangsun Technology has raised a total of $122M across 5 funding rounds.

Bangsun Technology's first fundraising round was a $4M Series A in June 2015. The most recent completed round was a $51M Series C in June 2019.

Bangsun Technology funding rounds

Bangsun Technology funding rounds
DateStageInvestorsRaisedDeal Summary
Jun 2019Series CVMS Asset Management (lead); Xinhu Holding; Legend Capital; SDIC Venture Capital$51M-
Mar 2018Series BSDIC Venture Capital (lead)$24MBangsun Technology, based in Hangzhou, China, is a developer of a real-time financial risk management platform designed to provide risk management solutions. On 5 March 2018, the company raised $24 million in a Series C funding round with participation from SDIC Venture Capital, Co-Stone Capital, F&G Ventures, Fortune Venture Capital Company, Jinghong Capital, Legend Capital, M Fund, and Xinglu Investment.
May 2017Series BF&G Venture (lead); Magic Capital; Cornerstone Capital; Hongling Capital; Legend Capital$23MBangsun Technology (also referred to as Bangsheng Technology) is a Hangzhou, China-based financial risk technology startup founded in 2010, developing real-time financial risk management platforms and anti-fraud solutions. The company had a prior Series B round of approximately $19-23 million in Q3 2016 or June 2015 led by Legend Capital, followed by this follow-on B+ investment. A later Series C round of about $24-50 million occurred around March-June 2019 with similar investors. Total funding across 6 rounds reached $144.15 million by 2019. Bangsun operates in competitive sectors like technology and financial services, with competitors including Quantexa, ComplyAdvantage, and Megvii. It has made investments in companies like Bento Cloud and 48East.
Jul 2016Series BMagic Capital; Quzhou Xin'an Development; Fortune Venture Capital; Legend Capital$20MBangsun Technology is a China-based company founded in 2010 in Zhejiang, specializing in real-time financial risk management and anti-fraud software development. In a Series B+ funding round, it raised $23 million from investors including Legend Capital, matching the specified investors Fortune Venture Capital, Magic Capital, and Quzhou Xin'an Development as reported in news roundups. The funding supports Bangsun Technology's operations in financial risk management, a critical area for fintech in China amid growing concerns over fraud and compliance. The company operates in the competitive Chinese fintech sector focused on risk control, with investors like Legend Capital showing continued interest in the space as evidenced by their participation in multiple deals.
Jun 2015Series ANsfocus Information Technology Co.$4M-

Who has invested in Bangsun Technology?

11 investors have backed Bangsun Technology across its funding rounds, including Legend Capital, SDIC Venture Capital, Magic Capital, Fortune Venture Capital, F&G Venture and VMS Asset Management.

Lead investors include VMS Asset Management, SDIC Venture Capital and F&G Venture.


Bangsun Technology Investors

Investors in Bangsun Technology by funding rounds participated
InvestorHQRoundsRoleFirst check
Legend CapitalChinaBeijing3ParticipantJul 2016
Magic CapitalChinaShanghai2ParticipantJul 2016
SDIC Venture CapitalChinaBeijing2LeadMar 2018
Nsfocus Information Technology Co.ChinaBeijing1ParticipantJun 2015
F&G VentureChinaShanghai1LeadMay 2017
Cornerstone CapitalChinaBeijing1ParticipantMay 2017
Xinhu HoldingChinaHangzhou1ParticipantJun 2019
Quzhou Xin'an DevelopmentChinaHangzhou1ParticipantJul 2016
VMS Asset ManagementHong KongHong Kong1LeadJun 2019

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Bangsun Technology Competitors

Bangsun Technology competitors include listed companies like Verisk Analytics and S&P Global, and private ones like Transmit Security, Feedzai, Thought Machine and 21Finance.

Public and private companies comparable to Bangsun Technology
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Transmit SecurityUnited StatesBoston, MAPrivate$100M-$2.7B27.4x
FeedzaiPortugalCoimbraPrivate--$2B-
Verisk AnalyticsUnited StatesUnited StatesPublicly listed$3.1B$1.7B$23B8.5x
Thought MachineUnited KingdomLondonPrivate$63M-$2.7B42.9x
21FinanceLiechtensteinLiechtensteinPrivate--$2B-
S&P GlobalUnited StatesUnited StatesPublicly listed$15B$7.7B$119B9.1x

Bangsun Technology Public Comps

Bangsun Technology is still privately-owned, but its public comps include Palo Alto Networks, CrowdStrike, IBM, Fortinet, S&P Global, Cloudflare, Moody's, Constellation Software, Okta and Zscaler.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Palo Alto Networks$11B$1B26.7x25.9x301.1x76.9x
CrowdStrike$4.8B($12M)51.4x44.5x(19816.2x)151.0x
IBM$68B$17B4.2x4.0x16.9x14.6x
Fortinet$6.8B$2.3B18.1x15.9x53.7x41.9x
S&P Global$15B$7.7B8.9x9.1x17.6x17.3x
Cloudflare$2.2B($25M)54.6x44.3x(4653.4x)185.1x
Moody's$7.7B$3.8B11.2x10.6x22.5x20.1x
Constellation Software$12B$2.5B4.0x3.5x18.5x12.9x

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Common questions about Bangsun Technology

When was Bangsun Technology founded?Bangsun Technology was founded in 2010.
Where is Bangsun Technology headquartered?Bangsun Technology is headquartered in Hangzhou, China.
Is Bangsun Technology publicly listed?No, Bangsun Technology is a private, VC-backed company.
How much funding has Bangsun Technology raised?Bangsun Technology has raised $122M across 5 funding rounds.
What was Bangsun Technology's last funding round?Bangsun Technology's last funding round was a $51M Series C in June 2019, led by VMS Asset Management.
Who are Bangsun Technology's investors?Bangsun Technology's investors include Legend Capital, Magic Capital, SDIC Venture Capital, Nsfocus Information Technology Co., F&G Venture, Cornerstone Capital, Xinhu Holding, Quzhou Xin'an Development, VMS Asset Management, Fortune Venture Capital and 1 other.
Which companies are comparable to Bangsun Technology?Companies comparable to Bangsun Technology include Transmit Security, Feedzai, Verisk Analytics, Thought Machine, 21Finance and S&P Global.

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