Updated 24 Jan 2017: This post is updated to include Dianrong’s feedback on IPO plan

Chinese online lending platform Dianrong today announced additional Series D round funding of $70 million led by ORIX Asia Capital Limited, a wholly-owned investment vehicle of ORIX Corporation, with the participation of CLSA, the overseas platform of China’s top investment bank CITIC Securities.

This latest investment in Dianrong follows a $220 million Series D round in August 2017 that was led by GIC Private Limited and included CMIG Leasing and Simone Investment Managers. The monster round comes after its $207 million Series C in 2015 that was led by Standard Chartered Private Equity and followed by China Fintech Fund. Investors from earlier funding rounds included Tiger Global Management, AMTD, Northern Lights Venture Capital, and Max Giant.

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.