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Meiliche Jinrong scores $38m

Apr 13, 2018 • Robert Lavine

CreditEase Financial Industry Fund was among the investors as Meiliche Jinrong, the car financing spinout of online lender Meili Jinrong, got more series B cash.

Meiliche Jinrong, the automotive-focused spinoff of China-based online lending platform Meili Jinrong, has received RMB239m ($38m) in series B capital from backers including online lender CreditEase’s Financial Industry Fund.

Delta Capital, TH Capital and Beijing Heju Investment Management also contributed to the tranche, which will be added to the $92m the company secured from agribusiness New Hope Group and personal finance management platform Wacai in February this year.

Formed by Meili Jinrong in 2014, Meiliche offers financial services related…

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