Chinese fintech startup 9f Group closes $65m Series D round

Photo from Unsplash

Beijing-based financial services startup 9f Group has raised $65 million for its Series D round from industrial funds Famous Group and Plentiful International.

In an announcement, the startup said despite the heavy regulation on online financing industry, 9f Group still managed to secure a Series D “relatively quickly”.

9f Group last raised hundreds of millions of dollars in November 2017, from investors such as Cinda International Holding Ltd, Focus Media Information Technology’s chairman Jiang Nanchun, Youzu Interactive’s chairman Lin Qi and an unamed listed industrial company’s fund.

The startup entered the unicorn club when it closed its $110 million Series B round led by IDG Capital Partners and SIG Asia in 2015. In 2009, it raised a $3 million Series A round from a Hong Kong-listed company.

Founded in 2006, 9f Group focuses microfinance, wealth management, peer-to-peer lending, online securities trading and big data evaluation. It has more than 60 million registered users on its platform as of April.

Also read:

Chinese fintech firm 9F Group raises big-ticket round from strategic investors

China’s fintech startup Caogen Touzi secures $358m Series D round