Shanghai-based p2p lending service Ppdai.com has completed series B round (rumoured to be at 45M US$). The round was led by Lightspeed China Partners, an early stage investment company. Wealth management company Noah Private Wealth Management and Sequoia Capital also invested.
The Chinese p2p lending service Ppdai.com announced that over 2.5 million RMB (approx. 365,000 US$) in loans were facilitated since it’s launch. “We witnessed strong growth in 2008 and incredible growth in the first quarter of 2009. In less than one year we have achieved over 2 million RMB in loans with roughly half a […]
Luyi Chen of China Web2.0 Review has an interview with Jack Gu, founder of China's p2p lending service ppdai.com, which was covered here earlier.
Soon p2p lending via the internet will be available in the country with the largest population: China. Shanghai based startup Ppdai.com which is currently in its test period and open by invitation only, plans to launch in July. Two of the founders are former Microsoft employees. Gu Shaofeng (Jack Gu), CTO of ppdai, told P2P-Banking.com: […]
Peer to peer lending is innovative and new. New users usually have lots of questions when grasping the marketplace mechanisms. Beyond the FAQ of the p2p lending service, a great place to learn is usually a forum, where users (mostly lenders) exchange experiences and post and answer questions. There are “official” forums provided by the […]
Some news from p2p lending in Asian markets: Chinese PPdai.com (see earlier coverage) says it has received a first round of funding from Essentia Private equity. The amount was not disclosed. On February 27th, Zopa's managing director Giles Andrews mentioned in a webchat "I have also been spending time in Asia and hope that we […]