Dianrong digs up $40m from DFIIG

Aug 7, 2018 • Thierry Heles

DFIIG invested in Dianrong having formed a strategic partnership with the Orix and Standard Chartered-backed online lending platform in January.

China-based peer-to-peer lending platform Dianrong has secured $40m in funding from financial services provider Dalian Finance Industry Investment Group (DFIIG), China Money Network reported today.

Founded in 2012, Dianrong has created an online lending marketplace aimed both at individuals and small and medium-sized enterprises that it claims processes $500m in loans each month.

Dianrong signed a strategic partnership with DFIIG and the municipal government-owned financial body Dalian Finance Development Bureau in January 2018 to launch two funds aimed at Dalian,…

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