SHANG­HAI:

The Pak Banker - - FRONT PAGE -

A con­sor­tium partly led by the pri­vate eq­uity arm of Stan­dard Char­tered PLC has in­vested $207 mil­lion in China's Dian­rong.com, the peer-to-peer online len­der said on Thurs­day, the latest in­ter­na­tional in­vestor to take a fancy to the firm. P2P com­pa­nies and other al­ter­na­tive lenders are grow­ing by ser­vic­ing small- and medium-sized firms, which are hav­ing in­creas­ing dif­fi­culty rais­ing funds as China's com­mer­cial banks veer away from this riskier sec­tor. The C-round fi­nanc­ing for Dian­rong was co-led by SCPE and China Fin­tech Fund.

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