IDG Capital Partners co-led the latest round raised by the peer-to-peer lending platform, which will be used to boost its big data capabilities.
China-based peer-to-peer lending platform 9fbank has closed a $110m funding round co-led by IDG Capital Partners, a venture capital affiliate of technology research and media company International Data Group.
SIG Asia, the regional investment unit of financial services provider Susquehanna International Group, co-led the round, which also included unnamed China-based venture capital firms and angel investors.
The round includes $20m of shares that were sold by existing, unnamed stakeholders.
Founded in 2006, 9fbank attracted RMB10m ($1.6m) in angel funding the…
