Video PaaS Firm Feihu365 Technology Wins B+ Round of Financing Worth Over $15.6 Million, Led by Shunwei Capital

On Tuesday, Feihu365 Technology announced that it had completed a new round of financing, in which it garnered over 100 million yuan ($15.6 million) in investment led by Shunwei Capital and followed by previous shareholders.

After this round of financing, Feihu365 Technology will continue to improve its products and serve financial customers. It will further invest in the R&D of business products, continue to lead the trend of “video platform as a service” (VPaaS) and help financial institutions to transform digitally.

Established in 2015, the company is committed to the application of interactive video together with AI and robotic process automation (RPA) technology in the financial industry. The company mainly provides financial institutions with innovative means of operating digitally.

In view of the business upgrading of banks and other financial institutions, as well as the many obstacles and needs customers are faced with, Feihu365 Technology has developed a series of video-centered products.

SEE ALSO: Livecast #8: VC Ray Hu of Blue Lake Capital on China SaaS

On a VOP platform, a series of “software as a service” (SaaS) products for high-frequency requirement scenarios have greatly improved the efficiency, compliance and user experience of financial business processes. Its product “Feihu365 virtual business platform” enables users to complete business with bank tellers through video chat anywhere and anytime. The product was put into use in 2018 and has been applied within more than 100 banks and insurance companies.