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Fenbeitong

Fintech · Dongcheng District, China · Founded 2015

In 2016, Xi Lan founded Fenbeitong with a vision to revolutionize corporate expense management. The company set out to streamline how businesses handle travel and expense (T&E) management, benefits, allowances, procurement, and bill payments. By integrating cost control, payment, and reimbursement into a single platform, Fenbeitong aimed to redefine enterprise expenditure management. Fenbeitong quickly gained traction in the SaaS market, offering tailored financial management tools across various industries, including software, biomedical, and new retail. The company's innovative approach attracted significant attention from investors, leading to a major funding milestone in 2022. Fenbeitong raised $140 million in a Series C+ financing round, led by DST Global, with participation from D1 Capital and WhaleRock, among others. This funding round not only underscored the company's growth potential but also marked its emergence as a unicorn in the fintech sector. As Fenbeitong continues to expand its footprint, it remains focused on building the next generation of corporate payment infrastructure. The company's commitment to innovation and efficiency positions it as a key player in the evolving landscape of financial technology, offering businesses a comprehensive solution to manage their expenses seamlessly.