News Column Closes B Round Financing from Morningside

June 18, 2014

BEIJING, June 18, SinoCast -- Domestic P2P online credit and loan website declared completion of B round financing from Morningside.

CEO of said that the financing will continue to be used in research and development, IT technology update, risk control system, formation of capital firewall and recruit talents. So far, the website has had cooperation with 23 among 8,000 petty loan companies nationwide.

Launched in February 2013, currently has more than 760,000 registered users and trading value surpassing CNY 1.8 billion.

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Source: Sinocast Internet, Media & Online Services Beat (China)

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