Wuxi Branch of the Bank of Nanjing Promotes Technology Finance with Innovative Models

Recently, the Wuxi Branch of the Bank of Nanjing supported Wuxi Yuangong Sanqian Technology Co., Ltd. in securing nearly 100 million yuan in Series A and A+ equity funding, along with 10 million yuan in debt financing, at the beginning of this year.

The Wuxi Branch of the Bank of Nanjing has been utilizing the “loan + external direct investment” model to provide direct and indirect financing to key technology companies, supporting their growth and development through a “dual-track” approach. This model has enhanced the availability of funding for technology innovation-oriented enterprises, contributing to a virtuous cycle of “technology-industry-finance”.

Addressing the Funding Challenges of Early-Stage Technology Companies

It is widely acknowledged that technology-based companies face significant challenges in securing funding, particularly in their early stages. One major reason is that these companies often lack a mature profit model and collateral, making it difficult for banks to provide high-quality credit services.

Wuxi Yuangong Sanqian Technology Co., Ltd.: A Success Story

Established in late 2022, Wuxi Yuangong Sanqian Technology Co., Ltd. focuses on the research and development of X-Ray non-destructive testing technology and computer vision technology. Despite its early-stage status, the company has made significant progress in developing high-performance intelligent detection algorithms and three-dimensional CT reconstruction software.

Initially, the company operated under an asset-light model, making it challenging to secure funding through traditional bank approval channels. However, the Wuxi Branch of the Bank of Nanjing took a proactive approach, providing a working capital loan of 10 million yuan to support the company’s growth.

A New Approach to Credit Evaluation

The Wuxi Branch of the Bank of Nanjing has adopted a new credit evaluation model, shifting its focus from “looking at assets” to “looking at intellectual property”, and from “looking at the present” to “looking at the future”. This approach enables the bank to provide more comprehensive support to technology innovation enterprises, taking into account their unique characteristics and growth potential.

As Wuxi Yuangong Sanqian Technology Co., Ltd. continued to grow, the Wuxi Branch of the Bank of Nanjing worked with external investment institutions to develop a comprehensive financial service plan, combining equity and debt financing to support the company’s rapid development.

Future Plans and Commitment to Technology Finance

The Wuxi Branch of the Bank of Nanjing remains committed to supporting technology finance, with plans to further enhance its innovative practices, including investment and loan linkage models. By improving the connection between technology innovation enterprises and financial supply, the bank aims to accelerate the growth and development of these companies.