FirstP2P, a China-based finance information platform spun out of online financial services provider Net Credit Finance (NCF) Group, has secured $70m in series C financing, China Money Network reported today.
Participants in the round, which was closed at a post-money valuation of $2bn according to local media reports, included China Construction Bank subsidiary CCB International and San Shan Capital Partners.
FirstP2P, which was spun out in 2013, links investors with borrowers for a range of online peer-to-peer finance products, such as mortgages, leasing and automotive loans.
The company raised $41m in a July 2015 series B round backed by San Shan Capital, Citic Capital and China Equity, after CCB International and ChinaEquity Group had supplied an undisclosed amount of series A funding.