Trustbridge Partners Leads a US$130 Million Series A Financing Round for Renrendai.com (Asia)
Source: Renrendai.com, Asian Venture Capital Journal | Author(s): Winnie Liu
Venture capital and private equity firm Trustbridge Partners has led a US$130 million Series A financing round for China-based online peer-to-peer lending platform Renrendai.com. Trustbridge committed a reported US$65 million to the transaction. Renrendai.com intends to use the capital injection to improve internal operations, product services and the firm’s risk control capacities.