Tagged: dianrong

Largest Lender: Funding Societies is First P2P Lender to Join International Association of Credit Portfolio Managers

Singapore based Funding Societies has become the first peer-to-peer lending platform to become a member of the International Association of Credit Portfolio Managers (IACPM), a prestigious forum for credit risk management. Funding Societies also reported that risk expert Terry Tse has joined the online lender’s… Read More

China: WeiyangX Fintech Review

China Sets up Centralized Clearing Platform for Online Payments The People’s Bank of China, the country’s central bank, has required all banks and third-party payment institutions to connect to a unified platform by June 30 of 2018 to ensure effective regulation and transaction security. The… Read More

Journal Entry: LangDi FinTech Conference in Shanghai. The Biggest Fintech Meetup In The World!

Familiar Faces This is the second year that I travelled to China for the LangDi FinTech Conference in Shanghai. What a difference a year makes? Last year, the conference had a massive showing of over 1,300 attendees. This year, the conference nearly doubled to 2,400… Read More

Chinese P2P Dianrong Secures $220 Million Through Series D Funding Round Led By GIC Private Limited

Chinese peer-to-peer lending platform Dianrong announced on Wednesday it successfully secured $220 million during its Series D round funding, which was led by GIC Private Limited with participation from CMIG Leasing, Simone Investment Managers, and other institutional and individual investors. The funding round comes just two… Read More

LendIt China July 9th 2017 – Journal Entry: AMTD + LendIt: Fintech, The 4th Industrial Revolution.

Hong Kong AMTD-LendIt Conference officially kicked off today in one of the most metropolitan cities in the world, Hong Kong, China. This town, considered as one of the busiest financial centers of the world is now on the brink of another step in this city’s… Read More

Chinese P2P Dianrong Announces Acquisition of Quark Finance

Chinese peer-to-peer lending platform Dianrong announced on Wednesday it has acquired Quark Finance’s asset-origination operations. According to the online lender, the transaction will expand and strengthen its existing asset generation capabilities across Asia. Dianrong reported that Quark Finance currently operates 71 borrower service centers in 47 Chinese… Read More

China: WeiyangX Fintech Review

Xiaomi Opens Xiaomi Lending to Android Users On April 11, Xiaomi Corp., China’s leading mobile phone maker, launched the mobile application Xiaomi Lending in Android market, signaling a strong ambition to expand in the country’s booming Internet Finance sector. When Xiaomi Lending was first launched… Read More

Dianrong Announces New Financial Leadership Appointments

Chinese peer-to-peer lending platform, Dianrong, announced on Tuesday the following financial leadership changes, effective immediately: Xuxia Kuang, the lender’s CFO, has been named COO. Yawen Cui has joined Dianrong as the new CFO. Kuang and Cui will report to Dianrong founder and CEO Soul Htite…. Read More

Dianrong Reports: Cumulative Trading Amount Exceeds RMB 16.2 Billion in 2016

Chinese peer-to-peer lending platform, Dianrong, announced on Tuesday its 2016 annual results. The company revealed that the cumulative trading amount exceeds RMB 16.2 Billion, which is notably a year-on-year increase of 148%, and growth in loans issued was funded by 3.62 million investors. Dianrong CEO,… Read More

P2P Lender Dianrong Joins Hyperledger Blockchain Project

Chinese peer-to-peer lending platform, Dianrong, announced on Friday it is officially joining blockchain alliance, the Hyperledger Project. The portal claimed to be the first peer-to-peer company among the project’s 22 Chinese members. The Hyperledge Project, which was established by the Linux Foundation at the end… Read More

Sign of a Bottom? Hanwha Life Buys 4.1% of Lending Club

A report in the Korean Herald has pointed to Hanwha Life Insurance purchasing a 4.1% equity stake in Lending Club (NYSE:LC).  Hanwha Life spent 75 billion won or approximately USD $66.25 million as they believe its stock is undervalued. PulseNews reported last year that Hanwha… Read More

LendIt forms Partnership with AMTD, Opens Joint Global Office in Hong Kong

LendIt, a global conference and events organizer established by Jason Jones, Peter Renton and Bo Brustkern, has announced a strategic partnership with AMTD Group Limited (AMTD). LendIt released the news during its annual LendIt Europe conference taking place in London today. AMTD and LendIt had previously partnered… Read More

Dianrong Points to Department of Commerce Report Labeling it the P2P Leader in China

Dianrong, a very large peer to peer lender in China (far bigger than any platform in the US), did some chest pounding yesterday.  In a release, Dianrong claimed the US Department of Commerce named the Chinese online lender the “Leader in China’s P2P Lending Segment.”… Read More

Scared Straight: China P2P Executives Given Tour of Shanghai Prison

This is one way to get the message across. According to a report in ECNS, 50 peer to peer lending executives were given a tour of the Qingpu prison in Shanghai.  The tour was described as a “scared straight” session. The concept of being “Scared… Read More

China: A Fast Growing but Chaotic Internet Finance Industry

China’s internet finance industry continues to grow while encountering ongoing challenges as fraud remains prevalent in the loosely regulated sector of the finance industry. Dominated by peer to peer lending (the largest in the world), as of March over 3900 platforms were counted by WDZJ (other… Read More

P2P Lender Dianrong Launches Partnership with Hanwha

Hanwha, one of the largest conglomerate companies in South Korea, has launched a partnership with Dianrong a leading peer to peer lender in China. The as of yet named entity will open an office in Singapore later this month. Hanwha is a Chaebol that formed an technology… Read More

Fintech Moved Mainstream: Reflections on 2015

As 2015 comes to a close, here are some highlights from WWF, the wonderful world of fintech. And what a year it’s been!  At the close of last year, the world watched Lending Club’s astounding IPO. By this November, the firm surpassed $13B from borrowers since its 2006 launch. During… Read More

Dianrong & Hanwha Signs MOU to Begin Global Expansion

Dianrong, a leading Chinese peer-to-peer (P2P) lending platform, and Hanwha S&C announced on earlier this week that that both have signed a Memorandum of Understanding (MOU) which formalizes the intention of a strategic partnership to pursue a FinTech solution business and other businesses related to internet… Read More

Dianrong May Raise $500 Million this Spring. Will Expand Into Other Markets

Dianrong, a leading peer to peer lending platform in China, raised a respectable $207 million a couple months back.  Now the online lender is considering its next funding round which may hit half a billion dollars as the Chinese P2P market continues to outpace traditional… Read More

Brief: Credible Closes $10M in Series A Funding Led By Dianrong & LendingClub Co-Founder Soul Htite

Credible, a multi-lender student loan marketplace that allows borrowers to receive competitive loan offers from its vetted lending partners, announced on Wednesday that it has closed its recent $10 million Series A funding round. This round was led by Soul Htite, founder and CEO of Dianrong.com/ co-founder… Read More