Huisuanzhang

About Huisuanzhang

Established in 2015, Huisuanzhang operates as a financial and tax service provider for micro, small, and medium-sized enterprises (MSMEs) in China. The company was founded by Zhang Shugang, who currently serves as the CEO and has approximately two decades of experience in the financial technology sector.

Huisuanzhang's business model initially focused on developing Software-as-a-Service (SaaS) tools for bookkeeping companies. Recognizing the need for a more comprehensive service, the company pivoted to a direct service model. This approach combines online solutions with offline service offices, operating through a mix of self-operated and franchised stores. This hybrid model allows the company to provide standardized services while leveraging the local expertise of its partners. The company generates revenue through subscription fees for its SaaS solutions and by taking a commission from its franchise partners based on the clients they serve.

The core of the company's offering is its proprietary AI-powered tax solutions platform, known as the SATP system. This platform provides a suite of services including accounting, invoicing, tax compliance, and integrated financial management. It utilizes technologies such as machine learning, text recognition, and robotic process automation (RPA) to automate and streamline financial and tax-related processes for its clients. Huisuanzhang also offers a mobile application, allowing clients to access their financial data and service progress at any time. The company has expanded its services to include business registration, trademark registration, and tax consulting.

Since its inception, Huisuanzhang has secured significant funding from various investors, including IDG Capital, Xiaomi, and Sunshine Insurance Group, completing multiple funding rounds from Seed to Series D. In June 2023, the company formally submitted a prospectus to the Hong Kong Stock Exchange for a potential listing on the Main Board.