China-based peer-to-peer lending platform Jimubox has closed an $84m series C round featuring smartphone manufacturer Xiaomi, China Money Network reported yesterday.
Asset management firm Investec led the round, which also included Mandra Capital, Zhong Capital, Haitong Kaiyuan Investment, Matrix China Partners, Magic Stone Alternative, Shunwei Capital Partners and Ventech China.
Founded in 2013, Jimubox’s online platform facilitates loans for small-to-medium sized businesses and individual borrowers. It has reportedly facilitated more than RMB 5.8bn ($935m) in loans since its launch.
Xiaomi co-led the company’s $37.2m series B round with Shunwei Capital in September 2014, a round that also received backing from Matrix Partners, Ventech and Singaporean state-backed fund Vertex Venture Holdings.
Ventech had already provided an undisclosed amount of series A funding for Jimubox.