Fenqile, which provides its Chinese users with payment plans for electronic goods, raised the money only three months after a $10m series A round.
China-based microfinance provider Fenqile has closed a $100m round let by investment firm DST Global that also included media company Bertelsmann, Chinese startup news source iHeima reported on Tuesday.
Venture capital firms Matrix Partners China, China Renaissance and K2 Ventures all reportedly contributed funds to the round.
Fenqile provides its users with payment plans so they can buy electronic products they would not otherwise be able to afford, and has reportedly partnered with several larger China-based e-commerce companies.
The company…
