Iqianbang Valuation, Funding & Investors
Iqianbang is valued at $177M as of July 2017.
Last Iqianbang valuation
$177M
Series B · Jul 2017
Last Iqianbang funding round
$45M
Series B · Jul 2018
Cumulative funding Iqianbang raised
$125M
across 2 funding rounds
Key investors in Iqianbang
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>)
Lu FubinShenZhen Grand Electronics
About Iqianbang
Iqianbang was a Chinese peer-to-business online lending platform, founded in 2013 in Beijing, that helped companies secure loans backed by car and real estate collateral while letting individual investors fund those loans. Operating in China's roughly 1.3 trillion yuan online lending sector, the platform had facilitated a cumulative transaction volume of 14.75 billion yuan by mid-2018 before halting new business amid a regulatory and governance scandal involving a former chairman.
Founded
2013
HQ
ChinaWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Valuation
$177M (Jul 2017)
Iqianbang Valuation
Iqianbang is currently valued at $177M, based on its Series B in July 2017. Read the announcement ↗
The $80M round was led by ShenZhen Grand Electronics, with participation from Lu Fubin.
Iqianbang valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2017 | Series B | $177M |
Iqianbang Funding History
Iqianbang has raised a total of $125M across 2 funding rounds.
Iqianbang's first fundraising round was a $80M Series B in July 2017. The most recent completed round was a $45M Series B in July 2018.
Iqianbang funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2018 | Series B | Lu Fubin (lead) | $45M | - | Iqianbang (iqianbang.com) is a P2P online lending platform founded in 2013 in China, operating in the 1.3 trillion yuan sector by helping companies secure loans backed by car and real estate collateral while enabling individual investments in those projects. As of July 20, 2018, the platform had facilitated a total transaction amount of 14.75 billion yuan, though this represents cumulative transaction volume, not revenue. In mid-July 2018, Lu Fubin, a former Baidu executive, invested 300 million yuan (approximately $44.15 million USD), acquiring a 42% stake and becoming chairman, with his wife Li Qingni as legal representative. The investment quickly unraveled amid controversies. Just two weeks later, Lu announced his departure, citing data discrepancies and operational doubts uncovered after the deal. He publicly expressed shock as both investor and victim, calling out former chairman Zhang Peifeng, who had taken 70% control in 2017 and was later placed under house arrest for alleged securities market manipulation. Iqianbang issued a statement halting new business to assist investors with exits and cooperate with regulators, while its website remained operational. The scandal drew attention due to Lu's endorsement attracting investors, and the platform's ties to Zhang-affiliated companies. Lu later deleted his WeChat statement but pledged personal support for investor rights defense. The event highlighted risks in China's P2P lending sector amid a wave of platform failures. |
| Jul 2017 | Series B | ShenZhen Grand Electronics (lead); Lu Fubin | $80M | $177M | Iqianbang.com, founded in 2013 in Beijing, operated as a person-to-business (P2B) fundraising platform in China's P2P lending sector, helping companies secure loans using car and real estate collateral while enabling individuals to invest in those projects. The platform raised approximately $80 million (RMB 500-560 million) in a Series B round around July 2017, led by Shenzhen Grand Electronics Co. Ltd., a New Third Board-listed consumer electronics maker, with involvement from Lu Fubin, a former Baidu executive. This funding was part of a strategic partnership aimed at Shenzhen Grand Electronics' expansion into financial technology. Following the investment, Lu Fubin acquired a 42% stake and became chairman, with his wife Li Qingni as legal representative, though he exited shortly after citing data discrepancies and operational concerns. The company had accumulated a total transaction volume of 14.75 billion yuan as of July 20, 2018. Iqianbang.com was a relatively small player in China's 1.3 trillion yuan P2P lending market. By July 2018, it faced severe challenges, announcing a halt to new business and pledging to assist investors with exits amid regulatory scrutiny. Former chairman Zhang Peifeng, linked to Shenzhen Grand Electronics, was placed under house arrest for alleged securities manipulation, contributing to the platform's collapse as part of a broader wave of P2P failures in China. |
Who has invested in Iqianbang?
2 investors have backed Iqianbang across its funding rounds, including Lu Fubin and ShenZhen Grand Electronics.
Lead investors include Lu Fubin and ShenZhen Grand Electronics.
Iqianbang Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Start Free TrialIqianbang Competitors
Iqianbang competitors include listed companies like Luzon Credit and Finance, Credit Bureau Asia and Humm Group, and private ones like Jai Kisan, Stable Money and Honeycomb Credit.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Mumbai | Private | $4M | - | $220M | 55.0x | |
| Luzon Credit and Finance |  Israel | Publicly listed | - | - | $62M | - |
 Singapore | Publicly listed | $47M | $27M | $178M | 3.4x | |
| Bangalore | Private | $12M | - | $175M | 14.6x | |
 Pittsburgh, PA | Private | - | - | $180M | - | |
 Australia | Publicly listed | $433M | $221M | $171M | 7.5x |
Iqianbang Public Comps
Iqianbang is still privately-owned, but its public comps include Credit Bureau Asia, Solvar, Humm Group, wallstreet:online, CTOS Digital, Net Protections Holdings, X Financial, Multitude, TROOPS and Fintel.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $47M | $27M | 3.4x | 3.4x | 6.0x | - | |||
| $132M | $61M | 4.3x | 4.1x | 9.4x | 8.3x | |||
| $433M | $221M | 7.1x | 7.5x | 14.0x | 106.1x | |||
| $77M | ($368K) | 1.7x | 1.7x | (360.0x) | 168.0x | |||
| $80M | $28M | 2.8x | 2.8x | 8.1x | 11.4x | |||
| $159M | $29M | 0.8x | 0.8x | 4.4x | 3.9x | |||
| $1.1B | $260M | 0.1x | - | 0.4x | - | |||
| $269M | $32M | - | - | - | - | |||
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Common questions about Iqianbang
| When was Iqianbang founded? | Iqianbang was founded in 2013. |
| Where is Iqianbang headquartered? | Iqianbang is headquartered in China. |
| Is Iqianbang publicly listed? | No, Iqianbang is a private, VC-backed company. |
| What is Iqianbang's valuation? | Iqianbang was last valued at $177M in its Series B in July 2017. |
| How much funding has Iqianbang raised? | Iqianbang has raised $125M across 2 funding rounds. |
| What was Iqianbang's last funding round? | Iqianbang's last funding round was a $45M Series B in July 2018, led by Lu Fubin. |
| Who are Iqianbang's investors? | Iqianbang's investors include Lu Fubin and ShenZhen Grand Electronics. |
| Which companies are comparable to Iqianbang? | Companies comparable to Iqianbang include Jai Kisan, Luzon Credit and Finance, Credit Bureau Asia, Stable Money, Honeycomb Credit and Humm Group. |
See companies similar to Iqianbang
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