Shanghai-based one-stop business travel and expense management SaaS platform Cloud Helios announced on March 7 that it has received RMB 50 million in its B round of financing, backed by Softbank China, Blue Lake Capital and Zhonglin Capital. Prior to this investment, it had raised 30 million yuan from Blue Lake Capital, Softbank China, and HAND Enterprise Solutions in September 2016.
Established in August 2016, the platform provides a one-stop service covering the whole process of spending, reimbursement and account keeping. Currently, it has handled a total of 300,000 reimbursement documents for more than 120 companies including Didi Chuxing and Fosun International, and air tickets reimbursements handled by the company exceeded 200 million yuan.
In 2018, Cloud Helios will further integrate its products with smart prediction, big data mining, AI and other cutting-edge technologies in business travel reimbursement.
