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.
- Website
- yixincars.com/
- Email ID
- *****@yixincars.com
Key Metrics
Founded Year
2013
Location
Shanghai, China
Stage
Acquired
Total Funding
$580M in 2 rounds
Latest Funding Round
Ranked
2nd among 9 active competitors
Employee Count
1,001 - 5,000 as on Jul 01, 2024
Investment & Acquisitions
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.
Click here to take a look at Yixin Group's acquisition in detail
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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 | - | - | - |
View details of Yixin Group's funding rounds and investors
Yixin Group's founders and board of directors
Founder? Claim ProfileYixin 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:
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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:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Online platform for buying, selling, and managing used cars, providing a full-stack service for car ownership | $686M | 74/100 | ||
2nd | Yixin Group 2013, Shanghai (China), Acquired | Online lending marketplace for auto financing | $580M | 49/100 | |
3rd | Meili Jirong 2015, Beijing (China), Deadpooled | Purchase finance platform focused at consumers | $195M | 46/100 | |
4th | Shenma Jinrong 2015, Shanghai (China), Deadpooled | Online marketplace for auto loans | $86.7M | 37/100 | |
5th | Diyi Chedai 2013, Beijing (China), Deadpooled | Online marketplace for auto loans | $106M | 37/100 | |
6th | Zhongan Financial Holding 2009, Hangzhou (China), Deadpooled | Platform for auto loans | $31.9M | 33/100 | |
7th | P2P lending platform for consumer loans | $114M | 32/100 | ||
8th | Online marketplace for auto loans | $13.5M | 29/100 | ||
9th | GAC-Sofinco 2009, Guangzhou (China), Unfunded | Platform offering financing solutions | - | - | 29/100 |
10th | P2P lending platform for car loans | $16.6M | - | 28/100 |
Looking for more details on Yixin Group's competitors? Click here to see the top ones
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:
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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) |
See all investments by Yixin Group
Reports related to Yixin Group
Here is the latest report on Yixin Group's sector:
News related to Yixin Group
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Yixin Group's cumulative financing exceeded 15 billion yuan, but the market value fell to HK $ 4.2 billion_ 易 易 易 易CICC online•Jul 27, 2024•Yixin Group, Tencent, JD.com
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Autonomous Driving Company Mogo Auto Secures Series C2 Financing, Tencent Participates inPandaily•May 06, 2023•Chengdu Hi-tech, Zhuhai Financial Investment Holding Group, Tencent, Yixin Group and 2 others
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Yixin Group: The adjusted net profit in 2022 will be 688 million yuan, a year-on-year increase of 152%36Kr•Feb 28, 2023•Yixin Group
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Yixin Group: Revenue in the first half of the year was 2.452 billion yuan, a year-on-year increase of 73%36Kr•Aug 22, 2022•Yixin Group
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Yixin Group: core service revenue in the first half of the year was 752 million yuan, a year-on-year increase of 58%36Kr•Aug 25, 2021•Yixin Group
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Yixin Group: Auto financing transactions in the first quarter increased by 129% year-on-year36Kr•May 12, 2021•Yixin Group
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Yixin Group: The cumulative auto finance transaction volume exceeded 2 million units36Kr•Mar 16, 2021•Yixin Group
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Yixin Group: Yangming Fund intends to subscribe for a 10% stake in Che Taotao for 500 million yuan36Kr•Dec 14, 2020•Yixin Group, AIM Group
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