China’s CFPA Microfinance raises $140m in Series C led by The Rise Fund

A customer counts Chinese Yuan notes at a market in Beijing, August 12, 2015. REUTERS/Jason Lee

CFPA Microfinance Management, one of China’s largest microfinance players, announced that it has secured nearly Rmb1 billion ($140 million) in commitment for its Series C equity financing led by The Rise Fund, a global impact investing fund managed by TPG Growth.

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