Wix.com was among the investors in a $50m first close of the online lender's series B round, following $105m in series A funding closed in 2018.
China-based microlending services provider Oriente has raised $50m in series B funding from investors including website-creation software provider Wix.com, TechCrunch reported yesterday.
The round was led by Peter Lee, co-chairman of property developer Henderson Land, and included undisclosed additional participants. The figure represents the round’s first tranche, but Oriente has not revealed a target size.
Oriente offers financial services aimed at consumers and small and medium-sized enterprises underserved by banks. It currently operates two apps, Cashalo in the Philippines and…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
