The online lending platform has closed its series A round at $20m, after raising $14m in a first tranche in June 2014.
China-based peer-to-peer lending platform WeLab has closed a series A round backed by media company Tom Group at $20m, China Money Network reported on Tuesday.
Tom and Sequoia Capital invested an initial $14m in the round’s first tranche in June 2014. DST Global, a venture capital firm spun out of internet company Mail.ru, and Iconiq Capital have joined Tom Group in subsequently backing the round.
WeLab’s lead product is a lending platform dubbed WeLend, but it plans on focusing more…
