Ppdai Closes Series B Round

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.

Prosper Raises $25M Round Led by Sequoia Capital and Blackrock

Prosper Marketplace announced yesterday that it has raised 25 million US$ in additional funding to accelerate the company’s growth . The round, which was led by existing partner Sequoia Capital, also includes a new investment by Blackrock, the world’s largest asset manager, as well as a broad representation of existing investors.

Since bringing on a new management team in January 2013, the Prosper platform has achieved growth in its monthly loan originations, rising from $9 million in January to $32 million in August.

This round came pretty quick after the last 20 million US$ round in January.

Source: Prosper press release

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