About Duanrong
Duanrong is a Transportation, Automotive & Logistics company based in Beijing (China) founded in 2014. It operates as a consumer loans are provided via an online P2P lending platform. It operates in the Transportation, Automotive & Logistics and Financial Services sectors. Duanrong has raised $113.93 million across 3 funding rounds from investors including China Investment Capital, Furen Pharmaceutical Group and Qifu Capital. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include Beijing Yi Chong Technology, P2phx, Chenengdai, Limit Tech and Zhonglijinrong and 4 more; 5 of its 9 listed competitors have raised funding.
Company details
Duanrong was founded in 2014 in Beijing, China, as a peer-to-peer lending platform focused on consumer loans. Operations center on facilitating online loans primarily for automobile purchases, with additional offerings in mortgages, personal loans, and small business financing. Investments are claimed to yield approximately 8 returns, and the companys valuation stands at 150 million post-Series B funding.
- Headquarters Beijing, China
- SectorsTransportation, Automotive & LogisticsFinancial Services
- Website duanrong.com
- Total Equity Funding$113.93M (USD)
in 3 rounds
- Latest Funding Round$44.93M (USD), Series C
Jul 2018
- InvestorsChina Investment Capital
& 2 more
Funding Insights of Duanrong
Duanrong has successfully raised a total of $113.93M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $44.93 million completed in July 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $113.93M
- Total Rounds 3
- Last Round Series C — $44.93M
- First Round $10M
(Jul 2014)
- Investors Count 3
All 3 funding rounds of Duanrong with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2018 | $44.93M | Series C | – | – | |
| Jan 2016 | $59M | Series B | – | – | |
| Jul 2014 | $10M | Series A | – | – |
3 investors in total: 3 institutional.
Investors in Duanrong
Duanrong has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include China Investment Capital, Furen Pharmaceutical Group and Qifu Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are managed by Qifu Capital. | 2013 | qfvc.cn | Sanya, China | |
Operates a digital hub for investment management solutions. | 2015 | zhongtouguozi.com | Beijing, China | |
- | – | furen.com.cn | - |
Investor details for Duanrong
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Duanrong
3 dated milestones of Duanrong across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Duanrong is founded.
- Funding First funding round of $10.0M.
- Funding Latest funding round, Series C, of $44.9M.
Competitors of Duanrong
Duanrong has 9 listed competitors in our database, 5 of them funded. They include Beijing Yi Chong Technology, P2phx, Chenengdai, Limit Tech and Zhonglijinrong, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| etoppaas.com | 2008 | Haidian, China | $7.7M | – | Cloud-driven quoting solutions are offered for auto insurance. | |
| p2phx.com | 2013 | Guangzhou, China | $16.6M | – | Operates a peer-to-peer lending platform specialized in car loans. | |
| chenengdai.com | 2014 | Ningbo, China | $1.85M | – | Operates an online P2P lending platform focused on automobile loans. | |
| limit-tech.com | 2016 | Beijing, China | $820,000 | – | A peer-to-peer insurance platform connecting users for shared risk management. | |
| zhonglijinrong.cn | 2015 | Beijing, China | $4.5M | – | A peer-to-peer lending platform focused on asset-backed loans for users. | |
| eweidai.com | 2013 | Shenzhen, China | – | – | Operates an online P2P lending platform for auto loans. | |
| cheyr.cn | 2015 | Haidian, China | – | – | - | |
| gofobao.com | 2013 | Shenzhen, China | – | – | Operates a P2P lending platform focused primarily on car loans. | |
| 99banking.com | 2015 | Nanjing, China | – | – | Provides mutual insurance services for cars. |
Detailed competitors of Duanrong
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Automotive Retail & Aftersales
10 companies that operate in the same segment as Duanrong (Automotive Retail & Aftersales), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Pre-owned vehicles are sold online with financing and valuation services. | 2012 | Phoenix, Arizona, United States | USD 460 M | USD 20.32 B | 17,400 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 741.46 M | USD 446.48 M | 5,812 | |
Pre-owned cars are certified, inspected, and traded online via Kavak. | 2016 | Lerma De Villada, Estado De Mexico, Mexico | USD 1.85 B | – | 11 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 161.3 M | USD 369.88 M | 625 | |
Provider of car service and repair network | 2016 | Gurugram, Haryana, India | USD 62.01 M | USD 8.06 M | 171 | |
Second-hand cars are listed online to connect buyers and sellers. | 2003 | Mumbai, Maharashtra, India | USD 5.89 M | USD 5.28 M | 451 | |
Vehicle parts and accessories are sold via an online platform. | 1897 | Walsall, West Midlands, United Kingdom | USD 20.37 M | – | – | |
Full-stack marketplace services for car ownership are provided. | 2015 | Singapore, Singapore, Singapore | USD 685.9 M | USD 806.83 M | 1,381 |
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Frequently Asked Questions about Duanrong
Duanrong was founded in 2014.
Duanrong is headquartered in Beijing, China.
Duanrong is a funded company, having raised a total of $113.93M across 3 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Jul 2014.
Duanrong was founded in 2014 in Beijing, China, as a peer-to-peer lending platform focused on consumer loans. Operations center on facilitating online loans primarily for automobile purchases, with additional offerings in mortgages, personal loans, and small business financing. Investments are claimed to yield approximately 8 returns, and the companys valuation stands at 150 million post-Series B funding.
Duanrong's top competitors include Beijing Yi Chong Technology, P2phx and Chenengdai.
Duanrong has 3 investors. Key investors include China Investment Capital, Furen Pharmaceutical Group, and Qifu Capital.