Dianrong
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About
Dianrong is a Shanghai-based P2P online lending platform. Dianrong provides credit ratings and risk controls on every loan by interviewing borrowers to match their records from local government bureaus. The company has 28 offices across China.
Focus
PRODUCTS & SERVICES
P2P Lending Platform, Asset Management Services
REVENUE MODEL
Origination fees at Dianrong vary from 1% to 5%. Personal loans generally have higher origination fees. Interest rates vary from 9.49% to 23.99%.
MAIN CLIENTS
retail borrowers and retail lenders
EXISTING PARTNERSHIPS
Bank of Suzhou
LR Capital
Traction
VALUATION / MARKET CAP:
$1.2 B in 2018
REVENUE
$10M+ in 2018
REVENUE COMMENT:
The estimated revenue of the company was $120Million in 2018
TRANSACTIONS VALUE:
$188 M
ACTIVE USERS:
0.3000
TRACTION COMMENT:
The company claims that it is originating US$500 million in loans each month for four million retail borrowers. (Aug. 2018)
People
FOUNDERS
Kevin Guo
BOARD MEMBERS AND ADVISORS
Lili Zhou
Marc Van der Chijs
Scott Langmack
NUMBER OF EMPLOYEES
1000+
INVESTORS:
Dalian Finance Industry Investment Group
Northern Light Venture Capital
Cross Pacific Capital Partners
Northern Light Venture Capital
KEY EMPLOYEES:
Kevin Guo(CEO)
Soul Htite(CEO)
Xuxia Kuang(CFO)
Longhsiang Loh(COO)
Ling Kong(CTO)
Momentum
FUNDED
YES
TOTAL FUNDING
$329 M
DATE OF LAST FUNDING
Jun 2019
TOTAL FUNDING COMMENT
The company will use the funds for fintech innovation, expanding its high-quality assets, as well as research and development of fintech projects. (Aug. 2018)
SEED CLOSED ON
Mar 2013
SEED PRIOR FUNDING COMMENT
An undisclosed seed / angel round raised in March 2013
FUNDING SERIES
SERIES A · $12 M · Dec 2013
SERIES B · --- · Oct 2014
SERIES C · $207 M · Aug 2015
SERIES D · $70 M · Jan 2018
SERIES E · $40 M · Aug 2018
LISTED
NO
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