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- IceKredit
IceKredit Funding, Investors & Competitors
IceKredit has raised $163M across 7 funding rounds, most recently a $35M Series C in April 2021.
Last IceKredit funding round
$35M
Series C · Apr 2021
Cumulative funding IceKredit raised
$163M
across 7 funding rounds
Key investors in IceKredit
Yunqi Partners
Cyber Creation Ventures (CCV)
Oriental Fortune Capital
Frees Fund
Lingfeng Capital
Will Hunting Capital
Shanghai GuoHe Capital
Ally Capital
About IceKredit
IceKredit is a Lujiazui, Shanghai-headquartered AI firm delivering credit risk assessment services to individuals and institutions. Its platform employs machine learning models analyzing alternative data for scoring in consumer finance and SME lending. Founded in 2015, IceKredit operates in the United States, Singapore, Thailand, Malaysia, Vietnam, Indonesia, and Australia, securing over $163 million in total funding and partnering with banks like HSBC Asia.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
IceKredit Funding History
IceKredit has raised a total of $163M across 7 funding rounds.
IceKredit's first fundraising round was a $4M angel round in June 2015. The most recent completed round was a $35M Series C in April 2021.
IceKredit funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Apr 2021 | Series C | Guochuang Zhongding (lead); Oriental Fortune Capital; Ally Capital | $35M | IceKredit, an AI-powered fintech company based in Shanghai, provides comprehensive artificial intelligence solutions for risk mitigation across industries including finance, medical care, government affairs, and public security. The company leverages proprietary algorithms and AI techniques to serve financial institutions and other sectors, having invested heavily in research and development. It has expanded from corporate services in the financial industry to multiple verticals. On April 19, 2021, IceKredit raised $35 million in its Series C2 funding round, led by Guochuang Zhongding, with participation from Oriental Fortune Capital and Ally Capital as co-investors, and CVCapital as the exclusive investment adviser. This completed the Series C funding following the C1 round, with both C1 and C2 achieved by the end of 2020 despite the COVID-19 pandemic. The funds are designated for expanding the R&D team, merging upstream and downstream flows, improving ecological construction, and enhancing business layout. IceKredit's founder and CEO Lingyun Gu highlighted the investor attention on tech-driven companies like theirs, which rely on algorithms and technologies rather than data alone, distinguishing them in the market. Yifeng Jiang, MD at Guochuang Zhongding, emphasized their focus on fintechs using cutting-edge technologies, noting IceKredit's role in helping various verticals mitigate risks over the past few years. |
| Nov 2020 | Series C | Guoxin Zhuoyue Venture Capital (lead); Cyber Creation Ventures (CCV); Yunqi Partners; Shanghai GuoHe Capital | $33M | - |
| Sep 2019 | Series C | Shanghai International Group (SIG) (lead); Yunqi Partners (lead) | $47M | IceKredit is a Shanghai-based fintech company founded in 2015 that provides AI-powered credit evaluation and risk management solutions for small and medium-sized enterprises and financial institutions. The company uses machine-learning algorithms and big data to prepare credit assessments and offers products including an anti-fraud engine, personal credit portrait, SME credit evaluation systems, and whole-process online loan management solutions for banks, P2P platforms, and consumer finance companies. IceKredit's client base includes leading Chinese banks such as the Bank of China and Industrial and Commercial Bank of China, as well as fintech companies like the US-listed firm Lexin and online platforms such as Guazi. In September 2019, IceKredit closed its Pre-Series C funding round, raising USD 47 million (RMB 335 million), which was described as the largest fundraising in the company's history at that time. State-owned Shanghai International Group led the round, with participation from existing investors including Yunqi Partners, which had previously invested in IceKredit's angel round in 2016 and Series A round. The company planned to deploy the new capital to expand its R&D team (particularly in business analytics, big data, and artificial intelligence), pursue international expansion into Southeast Asia and other markets, and pursue strategic mergers and acquisitions. |
| Oct 2017 | Series B | YOOZOO Games (lead) | $25M | IceKredit is a China-based financial technology company founded in 2015, specializing in credit risk assessment and management software powered by big data, artificial intelligence, and machine learning. Its platform evaluates creditworthiness for individuals, small and micro enterprises, and subprime consumers, offering tools like public sentiment scores from social media analysis, SME evaluations, and online loan management solutions for banks, P2P platforms, and consumer finance firms. The company operates 10 offices worldwide, including Shanghai, Nanjing, Singapore, and Los Angeles, and serves over 1,000 paying subscribers. The company had 103 employees as of 2017. Youzu Interactive, a game producer, led IceKredit's pre-series B round of nearly $25 million in April 2018 (not January 2017), with participation from YongRui Investment, Frees Capital, Yunqi Capital, China Creation Ventures, and Lingfeng Capital. This round increased total funding to over $50 million, following prior raises: angel (~$2.9 million), pre-Series A (~$2.9 million), and Series A ($15.9 million or ¥110 million led by China Creation Ventures in 2017). IceKredit continued raising capital post-2018, including a $47 million pre-Series C in September 2019 led by Guohe Capital (total funding to $91 million or $44 million per company statement), a series C close of $33 million in November 2020 led by Guoxin Venture Investment, and RMB228 million ($34.8 million) series C2 in 2021 led by CDB-CDC Capital. Funds supported R&D in AI and big data, international expansion, business analytics, and acquisitions. Clients include UnionPay and Wacai. |
| Apr 2017 | Series A | Cyber Creation Ventures (CCV) (lead); Lingfeng Capital | $16M | IceKredit is a Shanghai-based credit evaluation company providing independent credit assessments for small and micro enterprises using big data and machine learning. Its products include individual and SME credit evaluations as well as whole-process online loan management solutions for banks, P2P platforms, consumer finance companies, and micro-lending companies. The company secured ¥110 million ($15.9 million or $16 million) in a Series A round around April 2017, led by China Creation Ventures (CCV) with participation from Lingfeng Capital and existing investors like Yunqi Partners. Prior to this, IceKredit raised ¥20 million ($2.9 million) in an angel round from Yunqi Partners, FreeS Fund, and Will Hunting Capital, followed by another ¥20 million ($2.9 million) pre-Series A from Lujiazui Fund. At the time, the company had 103 employees across offices in Beijing, Shanghai, Los Angeles, Nanjing, Changzhou, and Chengdu. |
| Dec 2015 | Seed | - | $3M | IceKredit is a Shanghai-based AI-powered risk management platform founded in 2015, offering credit evaluation SaaS for individuals and SMEs using machine learning and big data. It serves major Chinese banks like Bank of China and Industrial and Commercial Bank of China, fintechs like Lexin, and platforms like Guazi. The company raised RMB 335 million (USD 47 million) in a Pre-Series C round in 2019 led by Shanghai International Group with participation from Yunqi Partners. Funds supported R&D expansion, overseas business growth, and upstream/downstream investments. Previous rounds included Angel, Pre-A, A, and B from investors like Frees Fund, China Creation Ventures, and Youzu Interactive, totaling under USD 47 million cumulatively before Pre-C. Later, IceKredit secured USD 33 million in Series C1 in late 2020 from Guoxin Venture, Guohe Capital, Yunqi Partners, and China Creation Ventures, followed by USD 35 million in Series C2 in 2021 with Guochuang Zhongding leading. These funds expanded R&D, ecological construction, and multi-industry AI applications in medical, government, and security sectors. |
| Jun 2015 | Angel | Frees Fund (lead); Will Hunting Capital; Yunqi Partners | $4M | IceKredit is an AI-based big data risk management company founded in 2015, headquartered in Shanghai with branches in Nanjing, Shenzhen, Beijing, Changzhou, Chengdu, and Los Angeles. It provides third-party services to financial institutions, including model-based real-time scoring and risk management solutions to improve efficiency and meet credit needs of SMEs and long-tail customers. The company cooperates with traditional financial institutions and internet financing platforms in China using AI in credit investigations. |
Who has invested in IceKredit?
12 investors have backed IceKredit across its funding rounds, including Yunqi Partners, Cyber Creation Ventures (CCV), Oriental Fortune Capital, Frees Fund, Lingfeng Capital and Will Hunting Capital.
Lead investors include Guochuang Zhongding, Guoxin Zhuoyue Venture Capital, Shanghai International Group (SIG), Yunqi Partners, YOOZOO Games and 2 other investors.
IceKredit Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jun 2015 | ||
| 2 | Lead | Apr 2017 | ||
| 1 | Lead | Jun 2015 | ||
| 1 | Participant | Apr 2021 | ||
| 1 | Lead | Oct 2017 | ||
| 1 | Participant | Apr 2021 | ||
| 1 | Participant | Jun 2015 | ||
| 1 | Participant | Apr 2017 | ||
| 1 | Lead | Nov 2020 | ||
| 1 | Lead | Sep 2019 | ||
This data is available for Pro users. Sign up to see all 12 IceKredit investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialIceKredit Competitors
IceKredit competitors include listed companies like Ncino, Snowflake and S&P Global, and private ones like ConsenSys, Anthropic and OpenAI.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $252M | - | $7B | 27.8x | ||
| Publicly listed | $595M | $65M | $2.3B | 4.0x | ||
| Private | $47B | - | $965B | 20.5x | ||
| Private | $25B | - | $852B | 34.1x | ||
| Publicly listed | $4.7B | ($1.3B) | $119B | 21.0x | ||
| Publicly listed | $15B | $7.7B | $119B | 9.1x |
IceKredit Public Comps
IceKredit is still privately-owned, but its public comps include Palantir, Snowflake, S&P Global, Intercontinental Exchange, Moody's, London Stock Exchange Group, Nasdaq, Z.ai, Thomson Reuters and East Money.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.5B | $1.5B | 92.6x | 58.1x | 285.0x | 97.4x | |||
| $4.7B | ($1.3B) | 25.6x | 21.0x | (94.1x) | 121.7x | |||
| $15B | $7.7B | 8.9x | 9.1x | 17.6x | 17.3x | |||
| $13B | $6.6B | 8.2x | 9.7x | 15.8x | 14.4x | |||
| $7.7B | $3.8B | 11.2x | 10.6x | 22.5x | 20.1x | |||
| $13B | $5.9B | 5.5x | 5.4x | 11.6x | 10.6x | |||
| $8.3B | $3.1B | 7.0x | 10.0x | 18.6x | 16.9x | |||
| $108M | ($658M) | 422.9x | 65.9x | (69.4x) | (73.0x) | |||
This data is available for Pro users. Sign up to see all IceKredit competitors and their valuation data. Start Free Trial | ||||||||
Common questions about IceKredit
| When was IceKredit founded? | IceKredit was founded in 2015. |
| Where is IceKredit headquartered? | IceKredit is headquartered in Shanghai, China. |
| Is IceKredit publicly listed? | No, IceKredit is a private, VC-backed company. |
| How much funding has IceKredit raised? | IceKredit has raised $163M across 7 funding rounds. |
| What was IceKredit's last funding round? | IceKredit's last funding round was a $35M Series C in April 2021, led by Guochuang Zhongding. |
| Who are IceKredit's investors? | IceKredit's investors include Yunqi Partners, Cyber Creation Ventures (CCV), Frees Fund, Oriental Fortune Capital, YOOZOO Games, Ally Capital, Will Hunting Capital, Lingfeng Capital, Guoxin Zhuoyue Venture Capital, Shanghai International Group (SIG) and 2 others. |
| Which companies are comparable to IceKredit? | Companies comparable to IceKredit include ConsenSys, Ncino, Anthropic, OpenAI, Snowflake and S&P Global. |
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