Jiedaibao is a China based peer to peer lending platform that reached an $8 billion valuation after raising approximately $694 million in funding across multiple rounds. Headquartered in Chengdu, Sichuan, China, Jiedaibao provides digital lending, borrowing, wealth management, and financial services that connect individual and business borrowers with lenders through its online platform.
The company has become one of China’s prominent fintech innovators in personal finance and credit services.
Keep reading to learn how Jiedaibao scaled its funding and built a leading online lending platform.
What Is Jiedaibao and What Does It Do?
Founded in 2015, Jiedaibao (operated by Renrenxing Technology) is a fintech platform that facilitates peer to peer lending and borrowing. The platform enables users to access personal loans, crowdfunded credit, and financial products through digital match making.
Jiedaibao’s services include borrower and lender matching, contract registration, loan management, and post loan support. The platform focuses on improving access to credit for individuals and small businesses while managing transaction risk and regulatory compliance.
How Much Funding Has Jiedaibao Raised?
1. Series A Round
- Amount Raised: $50 million (estimated)
- Date: 2016
- Lead Investors: Renrenxing Technology affiliated investors
- Purpose: Launch core peer to peer lending platform, build technology base, and acquire early users
2. Series B Round
- Amount Raised: $644 million (approximate total across multiple tranche investments)
- Date: 2018
- Lead Investors: Institutional and strategic investors
- Purpose: Scale platform operations, expand product offerings, strengthen credit and risk systems, and grow market penetration
Total Funding Raised: Approximately $694 million
Latest Funding Date: 2018
Latest Known Valuation: $8 billion
Key Investors
- Renrenxing Technology (Operator)
- Details: Parent company and main operating entity for Jiedaibao
- Focus Areas: Fintech, peer to peer lending platforms, online finance services
- Institutional and Strategic Investors
- Details: Multiple institutional investors and strategic backers participated in later rounds
- Focus Areas: Fintech expansion, credit technology, digital finance infrastructure
Where Is Jiedaibao’s Headquarters?
Jiedaibao is headquartered in Chengdu, Sichuan, China, supporting its fintech operations, platform development, and customer acquisition across domestic markets.
What’s Next for Jiedaibao?
Jiedaibao is focusing on regulatory compliance, expanding its suite of financial products, and leveraging technology to enhance risk management and user experience. The company aims to grow its lending marketplace while exploring wealth management and supply chain finance opportunities in China’s evolving fintech ecosystem.
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