Microfinance service Fenqile has secured an undisclosed amount from e-commerce company JD.com, three months after a $100m Bertelsmann-backed series B round.
China-based microfinance provider Fenqile has attracted an undisclosed amount from e-commerce company JD.com, according to TechNode.
The investment follows a $100m series B round raised by Fenqile in December 2014 from media company Bertelsmann and led by investment firm DST Global. Venture capital firms Matrix Partners China, K2 Ventures and China Renaissance also participated in the series B round.
Launched in 2013, Fenqile enables buyers to borrow small amounts of money to purchase consumer electronics from e-commerce websites, such as…
