Huilianyi

About Huilianyi

Established in 2016 and headquartered in Shanghai, Huilianyi operates as a Software-as-a-Service (SaaS) provider specializing in corporate travel and expense management solutions. The company, officially Shanghai Zhenhui Information Technology Co., Ltd., was founded to streamline expense reporting and financial processes for businesses.

Huilianyi's platform addresses the needs of both small and medium-sized enterprises (SMEs) and large corporations by offering a unified system for travel booking, expense reimbursement, and budget control. The service integrates various consumption scenarios, allowing users to book travel, hotels, and transportation directly through the platform. A key function is its ability to connect with a company's existing Enterprise Resource Planning (ERP), Office Automation (OA), and other financial systems, creating a seamless workflow from expenditure to financial reconciliation. The platform provides real-time expense and budget control systems, complete with data visualization, to enhance financial transparency and operational efficiency. For instance, the company offers an electronic accounting archive management system built in accordance with national electronic voucher standards.

The business generates revenue through its SaaS subscription model. The core product suite includes tools for invoice management, expense auditing, payment processing, and data analysis. Huilianyi has expanded its offerings to include AI-driven auditing, an MI analysis platform, and a digital employee named "Xiao Baoji" to automate the approval process. The company serves a substantial client base, which includes prominent enterprises like Didi Chuxing and Tencent.

Since its inception, Huilianyi has secured significant financial backing, raising a total of $69.2 million over four funding rounds. A notable Series C+ round in March 2020 brought in approximately $42 million, led by Huaxing New Economic Fund, with participation from previous investors such as SoftBank China and Blue Lake Capital. This capital has fueled the company's expansion, initially into Singapore and Malaysia in 2018, followed by Japan in 2019 with its "Spendia" brand, and a planned entry into the United States.