Lion Rock Fintech Raises HK$50M in Funding

Lion Rock FinTech Limited, a Hong Kong-based fintech company, raised HK$50m in equity financing.

The round – subject to approval from the Hong Kong Securities and Futures Commission – was led by Marathon Venture Partners, with participation from 9F Inc., and NYSE-listed FinTech company Yirendai (NYSE: YRD).

Upon completion, Lion Rock will own Noble Apex Advisors Ltd., a SFC licensed company, which operates iFund, an online fund distribution platform that offers over 1,000 mutual funds from over 50 different asset management companies, and will operate, a financial media platform providing real-time financial information and comprehensive wealth management information.

Founder of iFund, Dr. Chan Mou-fung, will be Chairman of the Board of Directors of Lion Rock after the completion of this transaction.



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