PPDAI is an online platform for peer-to-peer small unsecured loans in China. It builds a safe, high-performance, honest network platform with creative technology and ideals. PPDAI standardizes personal behaviors of debit and credit, and brings returns to both lenders and borrowers.
PPDAI was founded in August 2007 by founders from well known companies.
Funding Rounds (5) - $70.2MUpdate
|Date||Amount / Round||Valuation||Lead Investor||Investors|
|Apr, 2015||undisclosed amount / Series C||—||5|
|Apr, 2014||$10M / Series B||—||Lightspeed China Partners||3|
|Nov, 2013||$35M / Series B||—||Alibaba Capital Partners||1|
|Oct, 2012||$25M / Series A||—||Sequoia Capital||1|
|Feb, 2008||$200k / Angel||—||—||1|
|Alibaba Capital Partners||Series B (Lead)||-|
|Legend Capital||Series C (Lead)||-|
|Lightspeed China Partners||Series B (Lead)||-|
|Noah Private Wealth Management||Series B||-|
|Sequoia Capital||Series A (Lead)||-|
|Susquehanna International Group||Series C (Lead)||-|
|VMS Capital||Series C||-|
Current Team (6)Update
|Apr 29, 2015||TechInAsia - P2P lending scams jumped 11-fold in China last year, on track for even more in 2015|
|Apr 3, 2015||Technode (China) - P2P Lending Service Ppdai Lands Series C Funding for Improving Risk Control and Credit System - TechNode|
|Dec 18, 2014||TechInAsia - WeChat’s growing empire: Here’s everything Tencent invested in or acquired in 2014|
|Apr 9, 2014||chinamoneynetwork.com - Lightspeed China Partners Leads Series B Round For Ppdai.com - China Money Network - Tune in for China's Financial Markets and Investment Opportunities|
|Feb 13, 2014||pedaily.cn - PPDai raises 25000000 in venture round|
|Feb 13, 2014||vcpost.com - PPDai raises 35000000 in venture round|
|Oct 4, 2013||TechCrunch - WeLend Brings Online Social Lending To Hong Kong|
|Apr 30, 2008||Killer Startups - Peer-to-peer lending for 1.3 billion peers in China|
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No. 498, 1st Floor, Building 8
Pudong New Area, Shanghai Guo Shou Jing Road