“Shuidiji” will be listed in the United States? Why public welfare platform wins capital craze

The company completed a new round of nearly $200 million in financing last month, which will be used to expand in the healthcare crowdfunding field. After the completion of the financing, the company’s valuation will be raised to about $2 billion, and the leading investor may be an international insurance giant. < / P > < p > according to the public data, shuidi company was founded in 2016, engaged in Internet insurance brokerage business, and its target population is mainly middle and low-income groups. The core product, shuidiji, is positioned as a free Internet platform for personal critical illness help seeking, which aims to help raise medical funds for difficult and serious diseases efficiently. < / P > < p > according to the official website, at present, shuidi company has more than 250 million users. Compared with its main competitor ant group, which has 106 million users, it has certain advantages. At present, the company has also reached in-depth cooperation with 28 insurance companies, including Zhongan insurance, Ping An of China and other domestic well-known insurance companies. Water drop insurance has become the first distribution channel of health insurance of many insurance companies, with monthly premium of nearly 10 million. < / P > < p > according to incomplete statistics, shuidi company has completed at least four rounds of financing, with a total financing amount of more than 1.71 billion yuan. The latest round occurred in June last year, with a financing amount of more than 1 billion yuan. As Shen Peng, the founder of shuidi company, is the co-founder of meituan takeout, its financing road has a strong “Tencent system” color. Meituan reviews and Tencent have been involved since the angel round, and have since appeared in multiple rounds. In addition to these two companies, there are IDG capital, LanChi venture capital, Gaorong capital, Zhenge fund and Innovation workshop behind shuidi company. Recently, it has been reported that shuidi company is preparing for IPO and expects to complete the IPO by the end of this year or early next year. The latest IPO valuation may reach 4-6 billion US dollars. The listing location is more inclined to the U.S. market and is already in contact with Goldman Sachs and Bank of America to select underwriters. < p > < p > the listing plan was confirmed by Shen Peng, the founder and CEO of the company. Shen Peng also disclosed that after the name was changed to shuidi insurance, the monthly premium for the first half of this year reached 1 billion yuan, making profits in April and may. Water drop insurance mall, water drop mutual aid and water drop financing are all in the listing plan, and the specific procedures are under application. < / P > < p > if the three core businesses are packaged and listed, the public welfare oriented water drop financing can be understood as the flow entrance, and more flow injection is needed to produce the scale effect of water drop mutual aid, and the water drop mall, which intends to expand offline long-term insurance business, is the realization channel, and the three will constitute the business story transformation from “public welfare” to “insurance”. < / P > < p > according to the official description of shuidi, since its launch, shuiditi has never charged users any fees. The company has helped users bear the third-party payment channel fees in the form of relief funds, which has the charity attribute. The profits of shuidi mall and shuidi mutual aid mainly depend on commission. The company said last year that the commission rate was about 8%. < / P > < p > on the one hand, “water drop financing” lacks barriers and makes money from traffic business. On the other hand, mutual insurance is still a new field outside the leadership of the CIRC, such as “public welfare” and “insurance”, or there are potential regulatory risks. < / P > < p > the water drop company, which is positioned as a “public welfare platform”, frequently pursues capital operations such as financing and listing. The founder has become a billionaire. Can such a financial story in the guise of charity be recognized by the public? Older posts →