iTouzi grabs $36m for peer-to-corporation lending

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fintech insurtech wealthtech regtech ai cybertech esg news

Beijing-based peer-to-peer business lender iTouzi has scored $36m in a Series B round of funding.

The capital comes from Sino Fortune and individual investor is Sun Jiexiao.

iTouzi aims to differentiate itself from other peer-to-peer lenders by focusing on providing fundraising and guarantee services to small and medium-sized enterprises.

It refers to this business model as peer-to-corporation rather than peer-to-peer.

The company claims to have facilitated more than $3bn in transactions since launching in 2013.

Chinese growth equity investment firm Delta Partners led a $10m Series A investment in the firm in 2015.

Sino Fortune is an investment holding company that controls listed Chinese firms Hunan Tianrun Digital Entertainment & Cultural Media and Shanghai-listed Tianjin Quanyechang.

Individual investor is Sun Jiexiao controls Shenzhen-listed Suzhou Chunxing Precision Mechanical.

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