EQT Mid Market Asia Takes 10% Stake in VBill

February 13, 2019

EQT Mid Market Asia (through its Mid Market Asia III fund) agreed to acquire a 10% primary equity stake in VBill, a Beijing-based third-party payment service provider and merchant acquirer in China. The minority investment will support VBill's continued SME and lower-tier city expansion, development of fintech-enabled consumer lending and potential international growth alongside VBill's founding management and parent Hi Sun Technology.

Targets
VBill Limited
Location
Beijing, China
Transaction Type
Growth capital

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