Social network Renrenled the online investment platform's series B round as part of its $500m fintech investment initiative.
China-based financial services provider Jinfuzi has raised a $50m series B round led by social media network Renren that also featured venture capital firm Sequoia Capital, TechNode reported yesterday.
Founded in 2012, Jinfuzi operates an online investment platform that sells wealth and asset management products.
Renren took part in the round as part of a $500m fintech investment push that has also involved funding online finance platforms LendingHome and SoFi. Sequoia Capital had already led Jinfuzi’s $10m series A round…
