Weidai, a Hakim-backed peer-to-peer lending service that uses vehicles as collateral, has secured funding from investors including Dong Yi Ri Sheng Home Decoration.
China-based peer-to-peer lending company Weidai has raised RMB1bn ($153m) in a series C round featuring home decoration services provider Dong Yi Ri Sheng Home Decoration Group, Asian Venture Capital Journal reported today.
Private equity fund Vision Knight Capital led the round, which comes after a $24m series B round led by smart city services provider Hakim in September 2015.
Founded in 2011, Weidai operates an online lending platform that provides short-term loans, often with a one-month maturity, and interest…
