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Online Loan Search Platform Rong360 Lands RMB 1 Bln Series D

Tech Web, 10/14/15

Beijing-based Rong Shiji Information Technology, operator of finance-focused search platform Rong360.com, announced today that it has completed more than RMB 1 bln Series D funding led by Yunfeng Capital and Sailing Capital International, with Sequoia Capital and Star VC also participating. The company's previous funding rounds have all been completed in USD, and this round of RMB funding may signal preparation for a Chinese capital market listing, which Rong360.com founder David Ye said the company is currently considering. Rong360.com completed Series C funding in July, 2014.

Rong360.com said that its business has expanded to cover nearly 300 cities, its website provides real-time updates on more than 170,000 financial products, it has 12.3 mln users, and its users have submitted credit applications for more than RMB 2 trln.

Keywords: VC IPO Internet funding Series D Sequoia Capital Rong360 Rong Shiji Sailing Capital Star VC Yunfeng Capital David Ye financial services online lending

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