9f Group, a China-based online lending marketplace backed by trading and technology firm Susquehanna International Group (SIG), has received $65m in a series D round, according to China Money Network.
The capital was supplied by investment firms Famous Group and Plentiful International.
Founded in 2006 as 9fbank, the company runs a peer-to-peer lending platform that provides consumer loans in instalments and also offers securities trading and big data analytics. The company claimed to have more than 60 million registered users as of April 2018.
9f raised “hundreds of millions of dollars” in series C funding in November 2017 from a consortium led by Cinda International Holding, a subsidiary of merchant bank China Cinda Asset Management. An unnamed local industry fund and assorted angel investors took part.
SIG Asia, a regional investment division of SIG, and IDG Capital co-led a $110m series B round in 2015 that included unnamed Chinese VC firms and private investors. The round included a $20m secondary share purchase.
9f had previously raised $1.6m in an angel round in 2006 before securing $3m in a 2009 series A round backed by an unspecified company listed on the Hong Kong Stock Exchange.