MEMECT

Based in Beijing, China, Memect is a financial technology company established in 2015. The firm operates as a developer of a financial cognitive intelligence platform, primarily serving financial institutions in China. Memect focuses on leveraging graph technology and Natural Language Processing (NLP) to enhance efficiency and automate business processes for its clients.

The company's core offering revolves around providing solutions for intelligent approval, compliance, credit management, and risk control. By utilizing its proprietary technologies, Memect helps financial institutions navigate the increasing digitization of the sector, focusing on improving middle-office operations. This allows for the automation of complex workflows and real-time monitoring, addressing key operational challenges within the financial industry.

Since its inception, Memect has secured multiple rounds of funding to fuel its growth and product development. The company raised a seed round of $978K in December 2015, followed by an early-stage venture round of $1.69M in December 2016. It continued to attract investment with a Series A round in October 2019 and a Series A+ round in December 2020, which brought in over CNY 10 million. This later funding was earmarked for the research and development of its fintech products and to advance its data security and privacy protection capabilities. Key investors include Hefei Hi-Tech VC, Grains Valley Venture Capital, and Detong Capital, among others.

Keywords: financial technology, fintech, cognitive intelligence, natural language processing, NLP, knowledge graph, risk control, credit management, intelligent compliance, business process automation, middle office, financial institutions, database software, China, Beijing, data security, venture capital, intelligent approval, AI middle office, real-time monitoring