HANGZHOU, China, Aug. 7, 2018 /PRNewswire/ -- Tongdun Technology became one of the 27 finalists in the "Global Fintech Unicorns" top list recently released by CB Insights, a renowned international venture capital research institution. The other three Chinese companies in the list are Lu.com, 51Xinyongka and Tuandaiwang.
According to CB Insights, a "unicorn" company not only has high valuation, but more importantly, it needs to have unique business models, advantages and competitiveness in its industry. There are four Chinese fintech companies making it to this year's CB Insights' top list, signifying that international attention is being paid to rapid fintech development in China and the country is proving itself competitive in the industry.
Tongdun Technology is the only intelligent risk control company in the list, which is a reflection of the recognition and trust of the capital market. Since its establishment in 2013, Tongdun Technology has been committed to deeply integrating artificial intelligence technologies in Internet risk management and anti-fraud areas. It helps enterprises improve overall risk control capability and promotes healthy development of the industry through multi-level, multi-dimensional and full-scale scenario explorations and practices.
Founded in 2013, Tongdun Technology is a professional third-party intelligent risk management service provider headquartered in Hangzhou, Zhejiang. Since its inception, Tongdun has been serving its clients under a risk control concept that centralises on an "intelligent integrity network". By integrating artificial intelligence into risk management, Tongdun offers clients from the P2P lending, microfinance, banking, insurance, funds management, third-party payment, OTA, e-commerce, O2O, gaming, social media, and live streaming industries total intelligent risk control solutions that are highly efficient.
The company's development in the last few years has made it the fastest-growing player in the industry. To date, over 10,000 corporate clients have chosen Tongdun's products and services.
Tongdun set up an intelligent risk control lab in North America in June 2017 to explore the use of blockchain technology in financial risk control scenarios.
In November 2017, Tongdun Technology was awarded a "High and New Technology Enterprise" certificate. The awarding of this status reflects the State's recognition of and support for the company's innovation ability and development potential.
In January 2018, Tongdun International, the Singapore arm of Tongdun Technology, was incorporated to open a door into the Southeast Asia market.