Meixin Global, a New York City based technology platform that lets asset managers access Chinese high-net-worth investors, closed over $5m in Series A financing round.
The round was led by Korea Investment Partners (KIP) with participation from existing investor Bertelsmann Asia Investments (BAI) and new investors Tangzhu Capital and Liuhe Capital.
The company plans to use proceeds from the financing to enhance its technology platform, expand its product offerings and extend its geographic reach.
Established in 2015 by Kevin Diao, CEO, Meixin Global provides MX Terminal, a technology platform that gives asset managers (wealth management firms and independent financial advisors, financial product distributors and institutional investors) exposure to top wealth managers (global private equity funds, hedge funds, venture capital and real estate investments) and aggregates investments from multiple investors into one access fund. The platform then enables automated subscription, redemption and reporting.
Before and after investing, wealth managers use the system to see manager track records, industry research papers, and related articles.
The company, which has offices in New York City, Houston, Beijing and Shanghai, has already established partnerships with several large Chinese wealth management firms, including HNA Group and Jupai Holdings Ltd.