Duanrong Valuation, Funding & Investors
Duanrong is valued at $152M as of January 2016.
Last Duanrong valuation
$152M
Series B · Jan 2016
Last Duanrong funding round
$45M
Series C · Jul 2018
Cumulative funding Duanrong raised
$114M
across 3 funding rounds
Key investors in Duanrong
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Qifu Capital ManagementFuren Pharmaceutical Group
- Lanua Asia fund
About Duanrong
Duanrong is a Shanghai-based online platform facilitating short-term loans and consumer finance services. The company connects borrowers with institutional lenders for personal loans up to 50,000 RMB, emphasizing rapid approvals via mobile apps. Regulated under China's internet finance guidelines, Duanrong offers credit assessment tools and repayment plans for urban millennials.
Founded
2014
HQ
BeijingWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$152M (Jan 2016)
Duanrong Valuation
Duanrong is currently valued at $152M, based on its Series B in January 2016.
The $59M round was led by Furen Pharmaceutical Group.
Duanrong valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2016 | Series B | $152M |
Duanrong Funding History
Duanrong has raised a total of $114M across 3 funding rounds.
Duanrong's first fundraising round was a $10M Series A in July 2014. The most recent completed round was a $45M Series C in July 2018.
Duanrong funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2018 | Series C | Lanua Asia fund (lead) | $45M | - | - |
| Jan 2016 | Series B | Furen Pharmaceutical Group (lead) | $59M | $152M | Duanrong is a Chinese peer-to-peer (P2P) lending startup that completed a RMB390 million (US$59 million) Series B funding round from Furen Pharmaceutical Group around early 2016. The round is described as financing for the P2P platform, which operates in the alternative lending space focusing on mortgages, personal loans, and small business loans, claiming returns around 8% as noted in industry reports. The funding fits into the broader alternative lending startup landscape in June 2016, where global P2P and online lending saw significant investment activity, including large rounds for competitors like Lufax ($1.2B Series B) and JD Finance ($1B Series A). Duanrong's $59M raise positions it among notable investments, though smaller than top deals, amid a trend of increasing rounds and total funding in the sector, with debt rounds included in aggregates. |
| Jul 2014 | Series A | Qifu Capital Management (lead) | $10M | - | - |
Who has invested in Duanrong?
3 investors have backed Duanrong across its funding rounds, including Qifu Capital Management, Furen Pharmaceutical Group and Lanua Asia fund.
Lead investors include Lanua Asia fund, Furen Pharmaceutical Group and Qifu Capital Management.
Duanrong Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Qifu Capital Management | Shenzhen | 1 | Lead | Jul 2014 |
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Start Free TrialDuanrong Competitors
Duanrong competitors include listed companies like Veefin and Niyogin Fintech, and private ones like Marketlend, Loanboox, Clearco and Rupeek.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Sydney | Private | - | - | $124M | - | |
 Zurich | Private | - | - | $123M | - | |
 Toronto | Private | $60M | - | $200M | - | |
 Bangalore | Private | $10M | - | $219M | 21.9x | |
| India | Publicly listed | $36M | $8M | $64M | - | |
| India | Publicly listed | $25M | $1M | $63M | - |
Duanrong Public Comps
Duanrong is still privately-owned, but its public comps include Next10, Multitude, Humm Group, DeFi Development, Maghrebail, LexinFintech, Finance of America, X Financial, FSA Group and Maroc Leasing.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $323K | - | 492.4x | - | - | - | |||
| $277M | $33M | - | - | - | - | |||
| $443M | $227M | 7.1x | 7.3x | 13.8x | 107.8x | |||
| $11M | ($64M) | 24.3x | 18.3x | (4.3x) | (42.4x) | |||
| $443M | - | 3.2x | - | - | - | |||
| $2B | $334M | 0.3x | 0.3x | 1.5x | 121.2x | |||
| $412M | $143M | 73.7x | 65.5x | 213.0x | 185.8x | |||
| $1.1B | $258M | 0.1x | - | 0.3x | - | |||
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Common questions about Duanrong
| When was Duanrong founded? | Duanrong was founded in 2014. |
| Where is Duanrong headquartered? | Duanrong is headquartered in Beijing, China. |
| Is Duanrong publicly listed? | No, Duanrong is a private, VC-backed company. |
| What is Duanrong's valuation? | Duanrong was last valued at $152M in its Series B in January 2016. |
| How much funding has Duanrong raised? | Duanrong has raised $114M across 3 funding rounds. |
| What was Duanrong's last funding round? | Duanrong's last funding round was a $45M Series C in July 2018, led by Lanua Asia fund. |
| Who are Duanrong's investors? | Duanrong's investors include Qifu Capital Management, Lanua Asia fund and Furen Pharmaceutical Group. |
| Which companies are comparable to Duanrong? | Companies comparable to Duanrong include Marketlend, Loanboox, Clearco, Rupeek, Veefin and Niyogin Fintech. |
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