The Renren-backed online investment platform has landed $25.6m in a Loyal Valley Capital-led round, taking its overall funding to more than $100m.
Jinfuzi, the China-based wealth management platform backed by social media network Renren, has raised RMB172m ($25.6m) in pre-series D funding.
Private equity firm Loyal Valley Capital led the round, which included investment firm QiCheng Equity Investment Management.
Founded in 2012, Jinfuzi has developed an online investment platform that sells wealth and asset management products on behalf of private equity, hedge funds and overseas funds.
The company, which has sold products to more than 400,000 high net worth individuals, will use…
