The peer-to-peer lending platform has received $46m in its first funding round, which was led by conglomerate HNA's financial services subsidiary.

HNA Capital, a financial services subsidiary of conglomerate HNA Group, has led a $46m series A round for China-based peer-to-peer lending platform Weijinsuo, China Money Network reported on Thursday.

The company has not named any other investors in the round.

Founded in 2013, Weijinsuo enables individuals and small businesses to borrow money from investors who are offered an annual yield of 11.7% over up to 36 months. The company claims to have processed more than $600m in total transactions to…