PPDai Invests in Chinese Insurtech Start-up Leapstack
Chinese insurtech start-up Leapstack (上海栈略数据技术有限公司) has just announced the completion of a series B financing round.
Leapstack raised nearly 100 million yuan (approx. USD$14.5) via the financing round, which was led by Lingfeng Capital (领沨资本), with Shanjing Capital (山景资本) serving as exclusive advisor and PPDai amongst the participating investors.
Leapstack is a fintech company that specialises in health insurance risk control, providing corporate-grade big data risk control solutions to commercial insurers and insurance intermediaries in China.