China’s financial technology company Kafang Technology raised tens of millions of yuan in series A round funding led by Huagai Capital, and followed by Mingsheng Capital. This round of financing will be used to increase research and development, expand operation teams, cooperate with more brokers and tripartite manufacturers, and cover more financial markets, such as futures/options and overseas markets.
Established in 2017, Kafang Technology started providing professional level algorithm services for all kinds of investment institutions, gradually extending from quantitative private funds and securities companies to financial investors such as public funds, insurance asset management and professional investors. The company is committed to improving transaction efficiency and reducing transaction costs.
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