IceKredit, Inc., a Chinese financial technology startup, has secured $47 million in its pre-Series C financing round.

The startup received the latest funds from Guohe Capital, Yunqi Partners and other existing backers, bringing its total funding raised to date to total funding to $91 million.

IceKredit intends to use the proceeds from the funding to enlarge the business analytics, big data engineering, and artificial intelligence teams in research and development, as well as extend business outreach to international markets.

The startup also plans to leverage the new capital to launch new merger-and-acquisition campaigns with upstream and downstream enterprises to augment and optimize the ecological composition and operational structure.