Leading Cross-Border Fintech Startup Dowsure Raised $20 Million To Fuel The Growth Of Millions Of Cross-Border E-Commerce Sellers In China

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With 8 months in operations for lending tech business, the company has facilitated more than CNY 35 billion in GMV for Chinese sellers on Amazon platform. The company has the vision to unleash the value of digital assets in the online world, other than marketplaces sellers, Dowsure has already worked with software marketplaces and application stores for product prototype, preparing to disrupt capital solutions for more industries with more funding partners. Mark Mai, Founder of VenturesLab: "The market Dowsure is targeting has huge potential and sizing, we recognize Dowsure's approach to solve the underbanked issued in cross-border e-commerce industry as the best practice in this market, and this model was also approved by multiple top banks in mainland China and HK, we're confident that Dowsure will continue to innovate and scale to become a Fintech unicorn soon." Chen Zhao, Managing Partner of Plug & Play China: "Dowsure was our first investment for this industry in China, and we're glad to provide continuous support for Byron and his solid team.