SAIF Partners and global not-for-profit Accion invested US$1 million into Aye Finance, which loans capital to startups and other young enterprises, little served by traditional banks and other lenders...
Products like online mutual funds, peer-to-peer loans, and insurance only showed 2 percent growth in the second half of last year.
Lenddo has proven its algorithm for verifying a customer’s identity and character works. Now it’s selling it to industries that have use for it.
Aixuedai allows college students to purchase items like phones, tablets, laptops, and cameras using monthly installment plans.
Even though the business model is the same, WeLend marketing manager Rachel Lam says Hong Kong and mainland China are two very different markets.
Gurgaon-based peer-to-peer lending website Faircent recently raised venture capital at an enterprise valuation of US$4 million. The undisclosed funding round was led by Devesh Sachdev and Ashish Tiwar...
Simply put, a shared bill is a royal pain in the butt to settle.
Chinese startup lets customers make monthly payments on iPhones, raises series C funding 8 months after launch
Qufenqi, an electronics retailer from China that lets buyers make monthly payments, raised US$100 million in a series C funding round led by BlueRun Ventures.
Almost 20 financial services startups secured funding in September alone. Most of them were either P2P lending or investment startups.
Started in 2013, Capital Float offers SMEs financial loans on the web. The idea is that getting a loan should be as simple as shopping online.
Chinese startup gets $30 million investment to put all the country’s pawn shops into a single marketplace
51dang functions like a peer-to-peer lending website--a fast-growing trend in China among the under-financed--except it uses pawned goods as collateral.
There's no shortage of peer-to-peer lending sites in China, but neither has a distinct market leader emerged.
The new blacklist comes after a string fraudulent sites went dark and high-tailed it with lenders' money, including one just last week.
Baidu today officially rebranded its financial services branch changing the name from "Baidu Licai" to "Baidu Jinrong"
P2P lending service Renrendai handed $130 million to get a head start in China’s budding microfinance sector
Chinese online peer-to-peer lending service Renrendai announced its parent company, Renrenyou, received $130 million in Series A funding, according to Sina Tech. Trustbridge Partners and an undisclose...
Chinese peer-to-peer lending service Dianrong raised “tens of millions of dollars” in a series A funding round from Northern Light Venture Capital, according to Kuailiyu. As of the end of November 201...
In recent months, China’s web giants – namely Baidu (NASDAQ:BIDU), Alibaba, and Tencent (HKG:0700) – have been applying for financial services licenses to be issued by the government. That will allow ...