China-based fintech Yirendai announced on Wednesday it has made a $50 million strategic investment in Lion Rock through the financial service platform’s Series A funding round.
According to Yirendai, Lion Rock is headquartered in Hong Kong and is licensed by the Hong Kong Securities and Futures Commission. The company offers a variety of financial products, financial news, robo-advisory services along with asset allocation services through its online platform. The company also aims to provide economic safe, fast, convenient, superior, and personalized professional financial services to Hong Kong, mainland China, and global investors.
While sharing details about the Lion Rock investment, Yihan Fang, CEO of Yirendai, stated:
“As a leading fintech company in China, our Yiren Wealth platform is committed to providing quality online health management services to the mass affluent population in China. Yiren Wealth and Lion Rock will create synergies in multiple areas, including providing richer wealth management assets to our customers as well as cross-regional and cross products asset allocation services.”
Maofeng Chen, Executive Chairman of Lion Rock’s Board of Directors then added:
“We are very honored to have won a strategic investment from Yirendai. In the future, Lion Rock will partner with Yirendai and leverage our respective strengths in product, technology, resources, operations and personnel to build a leading fintech services platform in Asia, to better serve investors in Hong Kong, mainland China as well as around the world.”
