The peer-to-peer lending platform has obtained $24m in series B capital from Hakim, which reportedly also provided its series A funding.

China-based peer-to-peer lending platform Weidai has closed a RMB 150m ($24m) series B round led by smart building and city services provider Hakim, China Money Network reported yesterday.

Established in 2011, Weidai offers a platform for car owners to receive loans secured against their vehicles. Most of the loans mature after a month and have an interest rate of approximately 11%. The company claims to process $235m of transactions each month.

Weidai has not disclosed details concerning its series A…