P2P Finance Site 'Yinker' Lands USD 8-digit Series A

Sina Tech, 10/20/14

Beijing-based Zhongye Changtai Investment, operator of P2P financing platform Yinker.com, announced today the completion of USD 8-digit Series A funding from venture capital firms Source Code Capital and Qingfeng Capital.

Lin Enming, President of Yinker, stated that the investment will primarily be used for platform construction, improved risk management and technology investments.

Founded in October 2013, Yinker has reached more than 80,000 registered users and facilitated RMB 400 mln in P2P financing transactions.

Keywords: Qingfeng Capital financial services Yinker Zhongye Changtai Lin Enming Internet funding users P2P registered users Source Code Capital VC transaction volume first-round online lending

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