March 2021，DecibelTong officially released 9,USD 2.5 million Series C financing，By Hillhouse Ventures、Tencent jointly led the investment，Old shareholder IDG Capital、Ribbit Capital、Eight Road Capital and Glade Brook Capital also invested，Yuanyi Capital serves as the exclusive financing consultant for this round，The amount of financing in this round exceeded the sum 188bet sports betting app download previous four rounds，Historical cumulative financing amount exceeds 1 billion yuan。

More than reimbursement, defining the next generation of 188bet sports betting app download

With consumer Internet、Compared with the rapid development of mobile 188bet sports betting app download，Chinese corporate consumption and spending are still at the level of the previous generation，The entire enterprise’s expense management is fragmented across multiple systems、Single solution、Problems such as cumbersome and complicated processes。

In recent years，There are emerging companies in the field of corporate expense 188bet sports betting app download in the United States such as Brex、Divvy、Unicorn companies such as TripActions。Brex and Divvy combine business expense control with business credit cards，TripActions combines business travel consumption scenarios with corporate credit cards，These three unicorn companies have reached multi-billion dollar valuations in just five years。

Compared with foreign “two-in-one” models，Deibeitong combines the leading experience of domestic mobile 188bet sports betting app download and the special national characteristics of invoicing，Creatively realized the “three-in-one” solution of “fee control + 188bet sports betting app download + scenario”。

Solving expense control problems with reimbursement software、Compared to the previous generation solution of travel management companies (TMC) that only solved the cost control problem of a single consumption scenario，Decibel Pass App、Virtual Card、Three corporate 188bet sports betting app download methods through online banking，Covers most corporate expenses，After the reimbursement function is fully launched in early 2021，The perfect combination of "enterprise 188bet sports betting app download (covering more than 90% of the company's expenses) + employee advance 188bet sports betting app download and then reimbursement (covering the remaining 10% of the company's expenses)"，A solution that covers all enterprise expenses without blind spots。

The next generation is All in one, a one-stop platform

Previous generations of 188bet sports betting app download spend management typically involved budget management、Employee reimbursement、Business travel、Public payments、Invoice Contract Archive、Data Analysis、Fund management and other systems，In addition to the high purchase and maintenance costs，Separation between different systems、The timeliness and accuracy of data also cause a lot of trouble to financial personnel。

DeBeltong integrates budget management through pre- and post-event cost control SaaS、Approval flow、Consumption rules、Invoice Archive、Post-incident reimbursement、Data analysis and other functions，And with enterprise OA、Finance/ERP、HRM system seamless connection，Covering business travel and dining through corporate 188bet sports betting app download、Subsidy benefits、Enterprise Procurement、Reserve Fund、Expenditure scenarios such as corporate payments，Provide enterprises with an all-in-one enterprise expense management experience using the "expense control + 188bet sports betting app download + scenario" model。

The next generation is All online，Full process online

With electronic invoice、Comprehensive popularity of electronic contracts，Deibeitong provides enterprises with an online experience of the whole process of "budgeting-approval-188bet sports betting app download/consumption-reimbursement-accounting"，Achieving the three-stream integration of "information flow - capital flow - invoice flow"，Making corporate expense management more convenient、More real-time、More efficient。

Based on the integration of DecibelTong、Comprehensive、Online corporate expenditure data，Corporate financial personnel can real-time、Multidimensional、Visual data analysis，Empowering 188bet sports betting app download digital management，Improve the efficiency of internal operations。

Currently, Decibel has provided next-generation 188bet sports betting app download services to thousands of high-growth companies，There is Jinshan Cloud in it、Work together、Renrui Group、Solution、Zhenkunxing、Kaisi Auto Parts、High-growth new economic enterprises represented by Shence Data and others，There is also Haidilao、By-Health、Swire Coca-Cola、Costar、Digital upgrade benchmarking enterprises represented by Wantai Biotech and others。

Triple growth for 3 consecutive years，Is the core advantage brought by the 188bet sports betting app download model

Affected by the epidemic in the first half of 2020，Many companies are unable to conduct 188bet sports betting app download normally，The decibel 188bet sports betting app download and travel scene has also been severely impacted，GMV was almost zero during the peak period of the epidemic。But it is also because of the epidemic，More companies are aware of the importance of expense control and digital upgrade and transformation。

Mid 2020，DeBelTong business volume has fully recovered and reached a record high，In 2020, it bucked the trend and rose，Achieved the same 3 times revenue growth as in the past two years，The annual GMV of 188bet sports betting app download customers’ spending on Decibel Pass reached 2.5 billion yuan。

Different from the model that most SaaS vendors charge annual fees by selling software accounts，DeBelton’s “SaaS + Transaction” business model brings more diversified revenue sources。Through the continuous aggregation of consumer spending scenarios in the past five years，After cooperating with banks to launch 188bet sports betting app download products，DeBeiTong’s transaction rebate income from suppliers and financial profit sharing income from financial institutions have exceeded 1/3 of the total income，And the proportion is still increasing with the rapid growth of GMV。

The continuous improvement of product PMF is also the core driving factor for the rapid growth of Decibeltong。Deibeitong launched virtual card and online banking 188bet sports betting app download products in 2020，Provides Petty Cash and Bill 188bet sports betting app download 188bet sports betting app download solutions for enterprises，This is Decibel Pass 2018 from Business Travel Dining (T&E) After expanding to Benefits and Procurement scenarios，Another big step forward in covering enterprise spending scenarios。

Today，Includes rent、Supplier Procurement、Market fee、Enterprise expenses such as cloud servers，All can be paid and managed through Decibeitong。A one-stop enterprise consumption platform with App as the core，Superimposed virtual card covers employees’ offline business expenditure scenarios、Online banking 188bet sports betting app download covers financial transfer and 188bet sports betting app download scenarios，And the pure reimbursement function as a supplementary insurance plan in addition to corporate 188bet sports betting app download，Debeitong’s complete product matrix and highly competitive product experience have also greatly contributed to the growth of new annual fees and renewal revenue。2020，The renewal rate for old customers of Decibeitong exceeds 140%。

More than expense management, building the next generation enterprise 188bet sports betting app download platform

About this financing is supported by Hillhouse and Tencent，Lan Xi, founder and CEO of DecibeiTong said，"In addition to the rapid product iteration and revenue growth of decibels over the past year，Another important reason is that Decibei Tong is fully cooperating with banks，Building the next generation enterprise 188bet sports betting app download platform。”

“Today Alipay/WeChat Pay has become an important tool for personal 188bet sports betting app download，From high-frequency e-commerce、Takeaway、Consumption scenarios such as taxi rides，To relatively low-frequency financial management、Financial scenarios such as lending，Everything has become extremely convenient。Same，Corporate business travel、Use a car、Meal、Purchasing、Reserve Fund、Consumer expenditures such as transfers also require a new solution，A solution with the same or even better experience than personal 188bet sports betting app download。This is exactly the goal that Decibei Tong has been pursuing unswervingly over the years: to promote changes in corporate 188bet sports betting app download experience day by day。”

"188bet sports betting app download is not an easy task，But it is also something of far-reaching significance、The right thing for the long term，We should always do something，Bring some changes。" Lan Xi added。

Compared with Alipay and relying on Taobao、WeChat Pay benefits from red envelopes，Decibeltong high frequency from within the company 5 years ago、Multiple people、Enter the tedious business travel scenario of reimbursement，Continuously plow it into a "ballast stone" scenario，And gradually expand and cover all 188bet sports betting app download expenditure scenarios。

Currently，Decibel Tongzheng has strategic cooperation with a number of joint-stock banks，Comprehensively build the 188bet sports betting app download accounts of corporate customers and employees on the bank’s account system，Focus on cost control SaaS、Scenario Transaction、Improvement of 188bet sports betting app download experience，Leave all financial services to partner banks，Working with banks to build a next-generation enterprise 188bet sports betting app download platform。

After this round of 188bet sports betting app download，Decibeltong will further increase its investment in outstanding talents，Product R&D team will double in 3 months，And continue to invest more strategic resources for the long-term vision。

*Source of 188bet sports betting app download article:WeChat public account "fenbeitong" (ID: fenbeitong001)，Original title: "Hillhouse、Tencent co-leads investment in next-generation 188bet sports betting app download platform，Decibeltong Series C Financing 9,USD 2.5 million》.