China Rapid Finance Grabs $35M in Series C Funding, $1B Valuation
July 28, 2015
China Rapid Finance, an online consumer lending marketplace serving online users and China's emerging middle class, has announced an initial closing of $35 million in its Series C financing round at a pre-money valuation of $1 billion. The investment was led by Broadline Capital and included participation from UBS Investment Bank, among others. The new funds will allow the company to spread the reach of its marketplace and attract more potential borrowers, including through strategic partnerships with multiple consumer data sources.