About Renrendai
Renrendai is a company based in Beijing (China) founded in 2010. Renrendai has raised $3.2 million across 2 funding rounds from investors including unknown. Renrendai operates in a competitive market with competitors including PPDai, Yooli, Zhejiang Grassroots Network Technology, Licaifan and INK Yinke Group, among others.
- Headquarter Beijing, China
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.2 M (USD)
in 2 rounds
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Funding Insights of Renrendai
Renrendai has successfully raised a total of $3.2M across 2 strategic funding rounds. 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 Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(01 Nov 2012)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2014 | Amount | Series A - Renrendai | Valuation |
investors |
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| Nov, 2012 | Amount | Angel Round - Renrendai | Valuation |
investors |
Investors in Renrendai
Renrendai has secured backing from 1 investor. Prominent investors backing the company include unknown.
| Investor | Description | Founded Year | Domain | Location |
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Investments & Acquisitions by Renrendai
Financial Statements - Renrendai
Renrendai Comparisons
Competitors of Renrendai
Renrendai operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PPDai, Yooli, Zhejiang Grassroots Network Technology, Licaifan and INK Yinke Group, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Small unsecured P2P loans are facilitated online for Chinese borrowers.
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| domain | founded_year | HQ Location |
P2P lending access is facilitated via partnerships with micro-credit firms.
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| domain | founded_year | HQ Location |
P2P lending and investment platform
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| domain | founded_year | HQ Location |
P2B platform for SME loans and investments is operated online.
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| domain | founded_year | HQ Location |
Peer-to-peer crowdlending platform for SME loans and mortgages is operated.
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Latest news on Renrendai
Frequently Asked Questions about Renrendai
Renrendai was founded in 2010 and raised its 1st funding round 2 years after it was founded.
Renrendai is headquartered in Beijing, China.
Renrendai is a funded company, having raised a total of $3.2M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $3.2M, raised on Nov 01, 2012.
Beijing-based Renrendai is the leading P2P platform in terms of the total number of outstanding loans. Since its inception, the company has built a nationwide service network covering over 2000 regions with a strong customer base. Renrendai targets white-collar employees and small business owners as customers, charging borrowers a management fee of 0.3 percent of the borrowed money, and a service fee of up to 5 percent for high-risk borrowers. The returns on Renrendai.com loans are between 10 and 18, which is higher than the 3.25 offered by one year turn deposits in banks. The company also controls default risks by measuring borrowers income, occupation, assets and family connections. It has disbursed loans amounting to 2.4B in loans by the year 2015.
Renrendai's top competitors include PPDai, Zhejiang Grassroots Network Technology and Yooli.
Renrendai has 1 investor. Key investors include unknown.