Fenbeitong is a corporate spend management startup founded in 2016 in Beijing that aims to build a one-stop SaaS+Payment platform. The company combines SaaS expense and budgeting tools with payment capabilities and supply-chain networks it developed over five years. Fenbeitong has partnered with airlines, hotels, rideshare and dining platforms and worked with multiple banks to set up digital accounts to create a seamless travel and spend management experience. Since 2019 the company has seen roughly threefold growth each year. It recently launched VoC and CE mechanisms and plans to double down on product, expand its team, and expand to all major cities in China via direct sales or SaaS channel partners. To date it has raised $300 million in total funding. Fenbeitong, founded in 2016 by Lan Xi, provides corporate expense management products that help companies manage and control expenditures through technological innovations. The company has established itself as an industry leader and has served over 1,000 corporations. In March 2020 Fenbeitong completed a $36M Series B+ financing. The company plans to use the funds to double the size of its product research and development team and further improve customer experience. Management also intends to seek more channel partners, cooperate with cross-industry players, and expand into more first- and second-tier cities in China.

Total raised

$176M

Funding rounds

2

Latest round

Series C

Latest activity

Feb 2022