SCMP: Dianrong raises fresh funds to lend more to families and small firms

August 4, 2017 scmp_icon

Dianrong raises fresh funds to lend more to families and small firms
The P2P lending platform secures investments from Singapore’s GIC, a unit of China Minsheng, South Korea’s Simone Investment among others.

Dianrong, one of China’s largest peer-to-peer (P2P) lending platforms, has raised US$220 million in the latest round of financing from a consortium of investors including Singapore’s sovereign wealth fund, and pledged to harness financial technologies (fintech) to ramp up support to small businesses and individuals. Read more.