Kuaile Shidai, a China-based startup that sells gadgets to customers through monthly instalment plans, has raised almost $100m in a series D round led by mobile game publisher Kunlun, 36kr reported today.
Kunlun provided $62m of the cash for the round, which came just four months after a $100m series C round led by venture capital firm Bluerun Ventures.
Kuaile Shidai sells goods through its flagship website, Qufenqi, enabling customers to pay for them with monthly instalments.
Launched in early 2014, Qufenqi initially focused on consumer electronics like phones, cameras and laptops but has since expanded to luxury fashion goods and sporting goods, and has been joined by a sister site, Laifenqi, which acts as a small loan provider.
Prior to the series C funding in December, Kuaile Shidai raised a seven-figure dollar sum in April 2014 before receiving a reported $25m from a series B round backed by Bluerun Ventures and Golden Summit in August.
Having raised $225m in the past year, the company is reportedly also nearing unicorn status, according to an internal memo from founder Luo Min that was leaked to 36kr.