About Weidai
Weidai is a company based in Hangzhou (China) founded in 2011.. Weidai has raised $192.2 million across 4 funding rounds from investors including Hakim Unique Internet, Vision Knight Capital and Zhejiang Venture Capital. Weidai operates in a competitive market with competitors including Yuanbao, Lingxianlicai, Jiurong, STLC and 83Chedai, among others.
- Headquarter Hangzhou, China
- Stage Public
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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
$192.2 M (USD)
in 4 rounds
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Latest Funding Round
$152 M (USD), Series C
May 23, 2016
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Investors
Hakim Unique Internet
& 3 more
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Employee Count
Employee Count
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Funding Insights of Weidai
Weidai has successfully raised a total of $192.2M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $152 million completed in May 2016. 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 4
- Last Round Series C — $152.0M
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First Round
First Round
(01 Jun 2014)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2016 | Amount | Series C - Weidai | Valuation |
investors |
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| Sep, 2015 | Amount | Series B - Weidai | Valuation |
investors |
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| Dec, 2014 | Amount | Series A - Weidai | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Weidai
Weidai has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Hakim Unique Internet, Vision Knight Capital and Zhejiang Venture Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Equity investment management is provided by Zhejiang Venture Capital.
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Founded Year | Domain | Location | |
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VC firm investing primarily in China, the US and Israel
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Weidai
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Weidai
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Weidai Comparisons
Competitors of Weidai
Weidai 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 Yuanbao, Lingxianlicai, Jiurong, STLC and 83Chedai, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online digital currency as a collateral-based P2P lending platform
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| domain | founded_year | HQ Location |
P2P mortgage lending for agriculture is offered online.
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| domain | founded_year | HQ Location |
Platform for borrowers and investors which enable information exchange
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| domain | founded_year | HQ Location |
Functions as an online investment platform designed for individual consumers.
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| domain | founded_year | HQ Location |
Operates a digital hub for automotive mortgage-based financing services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Weidai
When was Weidai founded?
Weidai was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Where is Weidai located?
Weidai is headquartered in Hangzhou, China. It is registered at Hangzhou, Zhejiang, China.
Is Weidai a funded company?
Weidai is a funded company, having raised a total of $192.2M across 4 funding rounds to date.
What does Weidai do?
Weidai was founded in 2011 and is headquartered in Hangzhou, China. Automobile-secured peer-to-peer loans are provided by the company, typically with one-month maturities and interest rates around 11. Operations span 300 sales offices across Beijing, Shanghai, Guangzhou, Sichuan, Zhejiang, and 27 other provinces and cities. Monthly transaction values reached RMB 85 million in August 2015, while total transactions exceeded 6.5 billion by August 2016.
Who are the top competitors of Weidai?
Weidai's top competitors include Yuanbao, Lingxianlicai and Haoshouyi.
Who are Weidai's investors?
Weidai has 4 investors. Key investors include Hakim Unique Internet, Vision Knight Capital, Zhejiang Venture Capital, and Shanda.