Comment on P2P Lending Service Ppdai Gets Millions of Dollars Series B Funding for Risk Control by Young Spending Power Fosters Installment Payment Platform Boom in China - TechNode

['Emma Lee', 'More Emma Lee', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-04-14 00:00:00

Chinese P2P lending service Ppdai recently announced that it has raised millions of dollars in Series B financing led by LightSpeed China Partners, Noah Private Wealth Management and existing investor Sequoia Capital. Ppdai was founded in 2007 and claimed to be the first P2P lending platform in China. A differentiator of Ppdai from its rivals is that it focused squarely on online lending rather than integrating online and offline lending services like Renrendai, etc. According to Zhang Jun, CEO of the company, the primary problems for P2P lending platforms are risk control and credit system construction. image credit: Ppdai