Dianrong develops series D to $290m

Jan 25, 2018 • Thierry Heles

Bohai Leasing-backed peer-to-peer lending platform Dianrong added $70m in a series D extension led by Orix to the $220m it raised in August.

China-based online lending platform Dianrong closed its series D round at $290m on Tuesday after raising $70m in an extension led by Orix Asia Capital, a subsidiary of financial services firm Orix.

CLSA, the overseas arm of investment bank Citic Securities, also participated in the extension. Orix provided $60m while CLSA injected the remaining $10m, according to Reuters.

Dianrong raised the first $220m in an August 2017 tranche led by Singapore’s sovereign wealth fund GIC that included CMIG Leasing,…

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