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HK Startup Riverchain Completes USD5M Series A Funding Round, Accumulating USD100M+ in Construction Financing
Riverchain, a Hong Kong startup incubated by NEW WORLD DEV (00017.HK), announced the completion of a USD5 million Series A funding round led by Betatron Venture Group.Riverchain ai...
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HK Startup Riverchain Completes USD5M Series A Funding Round, Accumulating USD100M+ in Construction Financing
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Riverchain, a Hong Kong startup incubated by NEW WORLD DEV (00017.HK)  -0.020 (-0.276%)    Short selling $1.34M; Ratio 3.641%   , announced the completion of a USD5 million Series A funding round led by Betatron Venture Group.

Riverchain aims to address the long-standing working capital gap faced by subcontractors in the construction industry. It has accumulated over USD100 million in financing for the construction sector since 2024, supporting 115 public and private construction projects in Hong Kong, including major infrastructure projects in the Northern Metropolis and landmark developments like the Kai Tak Sports Park.

Related NewsM Stanley: NEW WORLD DEV (00017.HK) Debt Exchange Offer Has Significant Impact; Rating Underweight
Ben Wong, Founder and CEO of Riverchain, said the company will continue its close collaboration with credit financing and distribution partners such as ARTA TECHFIN (00279.HK)  -0.020 (-2.899%)   , Abound Capital, and Olea to provide more diversified financing solutions for main contractors, subcontractors, and related SMEs in the construction industry.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-11-07 16:25.)

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