Fangsiling secures $45m series E instalment

Aug 29, 2017 • Thierry Heles

Fangsiling, backed by Baidu, Fengjr and 5i5j.com, operates a platform that enables tenants to pay deposits in instalments and offers flexibility for collecting monthly rent.

Fangsiling, a China-based financial services platform focused on rental payments, has raised RMB300m ($45m) from investors including financial services and wealth management platform Fengjr, China Money Network wrote yesterday.

The round was led by investment firm Mingdaojinkong and also included financial services firm 9F Bank as well as VC firms 9C Capital and Will Hunting Capital.

Founded in 2015, Fangsiling enables prospective tenants to pay deposits in instalments rather than supplying one upfront payment. The platform also allows landlords to…

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