Dianrong, P2P Funding Service Founded by Lending Club Co-founder, Books Tens of Million Dollars from Northern Light

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.

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