Dianrong, a peer-to-peer funding service, secured tens of millions of dollars in Series A financing from Northern Light Venture Capital (source in Chinese). The company is cofounded by Soul Htite, co-founder of Lending Club, and Guo Yuhang, an experienced lawyer in intellectual property and venture capital sector.

Launched in March this year, the turnover of Dianrong amounted to more than 100 million yuan ($16.52 million) with over ten thousands of registered users as of November.

Giving priority to risk control and platform security, Dianrong integrates the system and management experience of Lending Club with local market conditions. In addition, the company also launched cooperation with state-backed China Orient Asset Management Corp.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.