P2P lending service Renrendai handed $130 million to get a head start in China’s microfinance sector

Thursday, January 9, 2014

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 undisclosed investor led the round with $65 million each.

Source: Tech In Asia (link opens in a new window)

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microcredit, microfinance