GUGU FinTech Inc. announced that it has entered into agreement with 8VI Holdings Limited for gross proceeds TWD 12 million on July 29, 2022. The company will issue common shares in the transaction. The investor will acquire 9.6% stake in the company.

The completion of the transaction is subject to the approval from local investment commission under the ministry of Economic Affairs. The company will raise money at a post-money valuation of TWD 125 million.