Singapore's GIC led the Bohai Leasing-backed online lender's latest round, which follows a $207m series C co-led by Standard Chartered Bank in 2015.
Dianrong, the China-based online lending platform backed by industrial leasing company Bohai Leasing, raised $220m today in a funding round led by GIC, Singapore’s sovereign wealth fund.
The round also featured CMIG Leasing, a subsidiary of investment holding firm China Minsheng Investment Group, as well as fund manager Simone Investment Managers and undisclosed additional institutional and private investors.
Dianrong runs a peer-to-peer lending marketplace for individuals and small and medium-sized businesses that spans 28 offices across China.
The company will…
