Fenbeitong is a corporate consumer management platform that develops and provides a corporate wallet application.
Fenbeitong is the leading corporate wallet, free of corporate reimbursement, more efficient cost control.
Fenbeitong was founded in 2016 by Xi Lan. The company is headquartered in Chaoyang District, Beijing, China.
Fenbeitong's online app payment and offline virtual card scanning code payment cover the entire scenario of corporate expenditures, bringing innovative experiences in corporate payments, unified settlement, and farewell reimbursement.
Fenbeitong's payment-based expense management and control system covers the entire process of corporate expenditures before and after, and brings more efficient and cost-effective expenditure management effects.
Fenbeitong is backed by DST Global, Eight Roads, IDG Capital, Hillhouse, Tencent, CreditEase Industry Fund, Ribbit Capital, D1 Capital Partners, Glade Brook, Stau, BitRock Capital, and others. The company raised $140M in Series C+ round on Feb 17, 2022. This brings Fenbeitong's total funding to $291.6M to date. The latest round valued the company at over $1B post-money.