Dianrong.com Receives Additional Investment

Dianrong.com, a Shanghai, China-based P2P lending platform, received an investment from Sun Hung Kai & Co. Limited (stock code: 86).

The company intends to use the funds to expand in the Hong Kong and Mainland China market.

Founded in 2012 by CEO Soul Htite, co-founder and former Head of Technology of Lending Club, Dianrong.com owns and operates a peer-to-peer (P2P) lending platform which leverages proprietary technology  to reduce the costs of underwriting, loan servicing, customer acquisition, account management, regulatory compliance and reporting.

The company is also backed by Northern Lights VC, a China-focused venture capital firm (read our news here).




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