Beijing-based peer-to-peer business lender iTouzi has scored $36m in a Series B round of funding.
The capital comes from Sino Fortune and individual investor is Sun Jiexiao.
iTouzi aims to differentiate itself from other peer-to-peer lenders by focusing on providing fundraising and guarantee services to small and medium-sized enterprises.
It refers to this business model as peer-to-corporation rather than peer-to-peer.
The company claims to have facilitated more than $3bn in transactions since launching in 2013.
Chinese growth equity investment firm Delta Partners led a $10m Series A investment in the firm in 2015.
Sino Fortune is an investment holding company that controls listed Chinese firms Hunan Tianrun Digital Entertainment & Cultural Media and Shanghai-listed Tianjin Quanyechang.
Individual investor is Sun Jiexiao controls Shenzhen-listed Suzhou Chunxing Precision Mechanical.
Copyright © 2016 FINTECH GLOBAL
Copyright © 2018 RegTech Analyst