Comment on Sequoia China Injected $10 million in Credit Card Manager Cardniu by Personal Bookkeeping App Suishouji Raises Tens of Million Dollars in Series B Financing | TechNode

['Tracey Xiang', 'More Tracey Xiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2013-09-22 00:00:00

In 2012 Chinese owned 330 million credit cards, an annual increase of 16%, according to a report released by China Banking Association. The total transaction through credit card reached 10 trillion yuan, up 31.6% annually. Now it’s common to see a Chinese owns more than one credit card. Now it sees potential in the combination of the growth of credit card usage and mobile app. Credit card management app Cardniu, or Kaniu has raised a combined 10 million dollars in two rounds, in December 2012 and earlier this year, respectively, from Sequoia China.