MSPARIS operates a rental service for women's apparel, offering customers access to clothing through a rental model. The company recently secured a US$30 million Series B+ investment from Ant Financial. This capital injection positions MSPARIS within a growing clothing-rental vertical that Alibaba and its affiliates are actively exploring. Ant Financial and other Alibaba business units are looking into rental opportunities across the group, which could expand the market and ecosystem for apparel rental providers. The development and adoption of credit scoring systems such as Ant Financial’s Sesame Credit are enabling rental operators to evaluate customers’ trustworthiness and reduce reliance on traditional deposits, a dynamic relevant to MSPARIS’s business. The broader rental economy in China is expanding into many verticals—houses, cars, home appliances, luxury goods, and mobile phones—suggesting continued demand-side tailwinds for apparel rental services.

Total raised

$30M

Funding rounds

1

Latest round

Series B

Latest activity

Nov 2018