Dianrong

lendingp2p lending

FOUNDING YEAR: 2013
LOCATION: China
Last Update: 17/07/2020

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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)

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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