Huisuanzhang, an intelligent tax service platform, has recently completed a Series D financing of $ 80 million with co-investment from Gaocheng Capital. Huisuanzhang was established in April 2015 as an affiliate of Beijing Kungeek Technology Co. Ltd. It is a leading integrated enterprise tax service platform in China, offering professional and efficient integrated finance and tax services for SMEs, including bookkeeping, business services, export tax rebate, tax planning, and application for business licenses and certificates.
Thanks to the endorsement and trust of enterprise customers, as of April 2021, Huisuanzhang had made its business available in 296 cities, set up 37 branches and more than 500 service outlets, achieving extensive coverage in Mainland China, and had provided one-stop professional and efficient intelligent tax services to more than 850,000 enterprise customers.
Huisuanzhang currently serves SMEs in 21 industries, including food franchise, catering and entertainment, construction and manufacturing, wholesale and retail, cultural services, and technology and internet with one-stop enterprise tax and related services. Huisuanzhang enjoys strong trust among SMEs and was the first service provider to successfully go national in the last 20 years. It continues to improve and upgrade the finance and tax services for SMEs to provide assurances for their growth.
By leveraging cloud and mobile internet technologies, Huisuanzhang has established eight systems, namely, marketing, customer acquisition, accounting service, channel, training, business support, tax-related services and value-added services around the objectives of standardized and scalable platform-based precision operations. With its technology-driven, service-led and high-granularity key solutions, Huisuanzhang continues to innovate and upgrade while improving user experience, solving user pain points and addressing the whole life-cycle tax service needs of SMEs.
Vertically, Huisuanzhang is developing industry-specific solutions to help various industries upgrade. Horizontally, it is expanding financial capabilities beyond tax, efficiently matching supply and demand, and building the pillars of the credit system for SMEs. Going forward, Huisuanzhang will further increase the breadth and depth of its business activities towards a full suite of derivative services. The next phase of its strategy will focus on capital, industry value chain and infrastructure. Huisuanzhang will complete the development of its tax service cloud and national operational center to support millions of enterprise customers with tax and platform-derived services, and fully empower the growth of SMEs.
