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Investors inject billions in E-Signature start-ups

Oct 15, 2018 by The Passage Team
Investors inject billions in E-Signature start-ups

Chinese venture investors have beeen betting in billions on e-signature start-ups, hoping to fund China’s own DocuSign in the country’s fast-growing but under-penetrated e-signature market.

Inspired by the American counterpart, DocuSign, with an implied valuation of USD 4.41 billion, Chinese e-signature service providers have secured an undisclcosed amount in financing rounds.

The e-signature service market was estimated at a value of CNY 10 billion (USD 1.44 billion) and higher due to high per cent of B2B e-commerce transactions.

Some of the key players in e-signature market in China are Tsign, Bestsign and among others, according to the 2018 China’s Third-party E-Signature Sector Report conducted by iResearch in mid August.

Source: Chinamoneynetwork

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The Passage is committed to creating in-depth content over technology industry across Asia with a focus on emerging startups in the technology, healthcare, education, food, tech, travel & mobility segments.

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