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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.
PRODUCTS & SERVICES
P2P Lending Platform, Asset Management Services
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%.
retail borrowers and retail lenders
Bank of Suzhou
VALUATION / MARKET CAP:
$1.2 B in 2018
$10M+ in 2018
The estimated revenue of the company was $120Million in 2018
The company claims that it is originating US$500 million in loans each month for four million retail borrowers. (Aug. 2018)
BOARD MEMBERS AND ADVISORS
Marc Van der Chijs
NUMBER OF EMPLOYEES
DATE OF LAST FUNDING
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
SEED PRIOR FUNDING COMMENT
An undisclosed seed / angel round raised in March 2013
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
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