Cathay Capital has led a $51 million Series B funding round for the fintech company Nelly, aiming to enhance digital transformation and support international market expansion.

Target Company Overview

Cathay Capital, a unique global investment platform, is committed to helping companies at various stages of development seize opportunities for globalization and sustainable transformation. The firm focuses on bridging the gap between investors, middle-market companies, startups, and leading enterprises by sharing in-depth industry knowledge and providing tools, networks, and access for sustainable growth through effective digital strategies.

With investment activities spanning across North America, Europe, and Asia, Cathay Capital operates in various sectors, including healthcare, consumer goods, business transformation, software, and finance. Their flexible equity investment strategy ranges from growth stage to large leveraged buyout transactions, allowing them to play both majority and minority roles—either as sole investors or as part of a consortium.

Industry Overview in China

The private equity and venture capital sectors in China have seen rapid growth, fueled by a new generation of founders and investors with broad perspectives, alongside a general industry-