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

August 4, 2017 Industrial Mech

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.