PAG, Primavera Lead $117M Round In Online Unsecured Loan Lender Dashu Finance

Asian alternative investment management firm PAG and China-focused private equity firm Primavera Capital Group have led a RMB800 million (US$117 million) series C round in Dashu Finance, a Shenzhen-based online lender of unsecured loans to small and micro enterprises that traditionally could not secure funding from banks.

Existing investor Sequoia Capital China and new investor China Everbright Ltd. also participated in the round, according to a company announcement.

"Financial technology has always been one of Primavera's focuses, and we are optimistic about Dashu Finance's future and its new-generation micro loan technology," said Fred Hu, chairman and founder of Primavera, which previously invested in Ant Financial, the financial services affiliate of Alibaba Group Holding Ltd. which is now the largest third-party payment firm in China....

This news article comes via , who is the copyright owner of this information and news. has licensed the rights to this article and any republication or re-distribution in whole or in part of this content is strictly prohibited without the express consent of China Money Network

You May Also Like