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Yixin Group - About the company

Yixin Group is an acquired company based in Shanghai (China), founded in 2013. It operates as an Online lending marketplace for auto financing. Yixin Group has raised $580M in funding from investors like Tencent, IDG Capital and COAMC. The company has 9 active competitors, including 4 funded and 1 that has exited. Its top competitors include companies like Carro, Meili Jirong and Shenma Jinrong.

Sectors and market segments that Yixin Group operate in

Yixin Group serves in the FinTech, Auto, Auto Tech market segments.The primary business model of Yixin Group are:

Company Details

YiXinGroup is an online lending marketplace for auto financing. It provides a comprehensive line of automotive financial services such as insurance, new & used car loans. It facilitates cooperative financial institutions to issue auto loans to consumers & mainly charge service fees from consumers or partners that issue auto loans to consumers.
Email ID
*****@yixincars.com
Part Of
Key Metrics
Founded Year
2013
Location
Shanghai, China
Stage
Acquired
Total Funding
$580M in 2 rounds
Investors
Ranked
Employee Count
1,001 - 5,000 as on Jul 01, 2024
Similar Companies
Exit Details
Acquired by Tencent (Sep 20, 2019)

Yixin Group's acquisition details

Yixin Group got acquired by Tencent and HAMMER Capital Partners on Sep 20, 2019.
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Yixin Group's funding and investors

Yixin Group has raised a total funding of $580M over 2 rounds. Its first funding round was on May 12, 2017. Yixin Group has 5 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Yixin Group:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
May 17, 2018
$150M
Conventional Debt
-
-
-
-
May 12, 2017
$580M
Series C
-
-
-
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Yixin Group's founders and board of directors

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Yixin Group's employee count trend

Yixin Group has 1,001 - 5,000 employees as of Jul 24. Here is Yixin Group's employee count trend over the years:
Employee count trend for Yixin Group
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Yixin Group's Competitors and alternates

Top competitors of Yixin Group include Carro, Meili Jirong and Shenma Jinrong. Here is the list of Top 10 competitors of Yixin Group, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Carro
Carro
2015, Singapore (Singapore), Series C
Marketplace offering full stack service for car ownership
$686M
73/100
2nd
Logo for Yixin Group
Yixin Group
2013, Shanghai (China), Acquired
Online lending marketplace for auto financing
$580M
49/100
3rd
Logo for Meili Jirong
Meili Jirong
2015, Beijing (China), Deadpooled
Purchase finance platform focused at consumers
$195M
46/100
4th
Logo for Shenma Jinrong
Shenma Jinrong
2015, Shanghai (China), Deadpooled
Online marketplace for auto loans
$86.7M
37/100
5th
Logo for Diyi Chedai
Diyi Chedai
2013, Beijing (China), Deadpooled
Online marketplace for auto loans
$106M
37/100
6th
Logo for Zhongan Financial Holding
Zhongan Financial Holding
2009, Hangzhou (China), Deadpooled
Platform for auto loans
$31.9M
33/100
7th
Logo for Duanrong
Duanrong
2014, Beijing (China), Series C
P2P lending platform for consumer loans
$114M
32/100
8th
Logo for Chedaidai
Chedaidai
2016, Beijing (China), Deadpooled
Online marketplace for auto loans
$13.5M
29/100
9th
Logo for GAC-Sofinco
GAC-Sofinco
2009, Guangzhou (China), Unfunded
Platform offering financing solutions
-
-
29/100
10th
Logo for P2phx
P2phx
2013, Guangzhou (China), Deadpooled
P2P lending platform for car loans
$16.6M
-
28/100
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Yixin Group's Investments and acquisitions

Yixin Group has not made any acquisitions yet. Yixin Group has made 5 investments.
Here is the list of latest three $investments:lockFilter this list
Date of Investment/Acquisition
Type
Company Name
Founded Year
Location
May 10, 2023
Investments
2017
Beijing (China)
May 06, 2023
Investments
2012
Nairobi (Kenya)
Feb 01, 2019
Investments
2017
Beijing (China)
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News related to Yixin Group

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