On Wednesday, China Rapid Finance Limited announced that an investment by global private equity firm Broadline Capital in the company was honored as “Technology Deal of the Year” at the 2016 International Financial Forum’s 8th Annual International M&A Awards. This event recognizes excellence in deal-making and celebrate the contributions of the world’s leading investment firms and transaction professionals.
China Rapid Finance reportedly received a pre-money valuation of US $1 billion in the July 2015 Series C funding round that was led by Broadline Capital. Broadline Capital was chosen from over 250 participating companies to receive the “Technology Deal of the Year” honor for its pivotal role in that financing.
Dr. Zane Wang, CEO of China Rapid Finance, stated:
“We’re pleased to see Broadline Capital’s investment in China Rapid Finance win recognition as Technology Deal of the Year. The strategic support of Broadline Capital and our other investors has been crucial to the Company as we apply our unique technology to bring affordable credit to China’s emerging middle class.”
Christopher Thorne, the founder and chairman of Broadline Capital, added:
“While this is a great honor for Broadline Capital, this award from the International Financial Forum is also about recognizing CRF as a true innovator. Zane and his team have truly pioneered an end-to-end, automated, mobile-based lending service that will revolutionize consumer lending in China.”
