The Venture Codex

Participated · Series C · Aug 2015

Dianrong is a Shanghai, China-based online lending marketplace that provides financial services to small businesses and individuals. The company offers a flexible infrastructure that enables design and customization of lending and borrowing products based on industry-specific data and insights. Its platform is supported by online risk-management and operations tools and provides marketplace lending, lending-related services and fintech solutions. Leadership cited in the article includes Founder and Executive Chairman Soul Htite and CEO Long Hsiang Loh. The company raised an additional US$70m in Series D funding, indicating ongoing capital formation to support its operations and growth. No revenue or user metrics were disclosed in the article. Dianrong operates an online lending marketplace in China that provides loan originations, investment products and marketplace lending solutions for individuals and small and medium-sized enterprises. The platform originates about US$500m in monthly assets for roughly 4 million retail lenders. The company employs approximately 3,500 professionals across 28 offices in China, including about 600 full-time fintech engineers. Recently it acquired the asset-generation operations of Quark Finance, an acquisition the company says tripled its local footprint. Dianrong also launched Chained Finance, a blockchain platform for supply-chain finance developed with FnConn, a Foxconn subsidiary. Concurrent with these expansions, Dianrong completed a US$220m Series D financing to support its growth and product initiatives. Dianrong.com operates an online marketplace lending platform that matches personal and business borrowers with lenders in China. The company also sells banking solutions to large financial institutions, combining technology with risk-management techniques. In June 2014 it launched a wealth-management product, TuanTuanZhuan, which uses backend algorithms and supports millions of micro-transactions daily. TuanTuanZhuan has exceeded RMB 2.7 billion in volume and has earned over RMB 100 million in interest for Dianrong lenders. Founded in 2012 by Soul Htite and Kevin Guo, the company has grown to over 1,700 employees and 18 offices across China. The business appears focused on scaling its lending marketplace and wealth-management offerings while partnering with traditional financial institutions. Dianrong.com is a Shanghai-based P2P lending platform founded in 2012 by CEO Soul Htite. It owns and operates a peer-to-peer lending platform that leverages proprietary technology to lower the costs of underwriting, loan servicing, customer acquisition, account management, regulatory compliance and reporting. The company's technology is presented as central to its operational efficiency and cost reduction strategy. Dianrong.com said it intends to use the new investment to support expansion in the Hong Kong and Mainland China markets. The company is backed by investors including Northern Lights VC and has received additional investment from Sun Hung Kai & Co. Limited. Dianrong.com is a peer-to-peer (P2P) lending platform based in Shanghai that enables members to borrow and lend money among themselves. Launched in March 2013 by Lending Club co-founder Soul Htite and PE fund partner and lawyer Kevin Guo, the company offers free portfolios tailored to each investor’s appetite for risk. Investors can choose optional investment lifecycles of 6, 12, 18, or 24 months. As of the end of November 2013 the firm had an aggregate trade turnover of more than 100 million Yuan (approximately US$16.5m) with more than 10,000 registered investors. The platform's core offering is facilitating peer-to-peer loans and tailored investment portfolios. The company intends to use the newly raised funds to support daily operations and to provide low-risk, high-return financial planning products for general investors.