Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Retail Investment Product Site Juzi Licai Wins USD 100 Mln Series B

Beijing Times, 1/29/15

Shenzhen-based Qianhai Juzi Information Technology, operator of retail investment product site, has won USD 100 mln Series B funding led by DST Global, along with Bertelsmann Asia Investments, Matrix Partners China and China Renaissance K2 Ventures.

Juzi Information Technology founder Xiao Wenjie told Beijing Times that the company is part of the same group as Shenzhen-based student-targeted installment plan consumer electronics e-commerce site Fenqile, with which it works relatively closely. Fenqile loans money to students to buy consumer electronics and collects interest on the loans. Juzi Licai then packages these debts and the associated stream of future interest payments, and sells these packages as investment products to investors on its own platform.

Xiao noted that each of Juzi Licai's investment products packages, on average, the debts of 98 borrowers, and because the loans are for purchase of consumer electronics, the average loan size - approximately RMB 3,500 - is relatively small, amply mitigating the risk to investors.

Juzi Licai launched six months ago, and now sees monthly transaction volume over RMB 100 mln. The platform expects its transaction volume for 2015 to reach RMB 3 bln to RMB 5 bln.

Editor's Note: For more background on Juzi Licai, please see "Retail Investment Site Juzilicai Sees Monthly Transactions Break RMB 100 Mln," MD 1/19/15 issue.

Keywords: China Renaissance K2 Ventures Juzi Licai financial services Qianhai Juzi Information Technology e-commerce Internet funding Bertelsmann Matrix Partners transaction volume installment plan Fenqile Xiao Wenjie second-round Digital Sky Technology online lending


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports