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INTERNET | eCommerce / Marketplace
eloancn.com

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Stage

Corporate Minority | Alive

Total Raised

$147M

Last Raised

$147M | 7 yrs ago

About eLoancn

eLoancn is a Wenzhou-based online lending platform where members can borrow and lend money among themselves at better interest rates than a bank typically offers. eLoancn differentiates itself from peers with a special focus on agriculture, farmer and rural areas. Its main business comes from farmers' personal loans which are mainly used for agricultural reproduction and breeding, etc.

eLoancn Headquarter Location

Wenzhou, Zhejiang ,

China

Latest eLoancn News

Legend Holdings Invests in P2P Lending Platform eLoancn to Continue Inroads into Internet Industry

Nov 3, 2014

Nov 3, 2014 0 Legend Holdings Corporation , the parent company of PC and smartphone maker Lenovo Group (HK.0992), has invested  undisclosed amount of financing in P2P lending site eLoancn . Some local media reported that the investment is around RMB900 million (approximately US$147 million). Founded in 2007 as one of the earliest P2P platforms in China, eLoancn is a Wenzhou-based online lending platform where members can borrow and lend money among themselves at better interest rates than a bank typically offers. eLoancn differentiates itself from peers with a special focus on agriculture, farmer and rural areas. Its main business comes from farmers’ personal loans which are mainly used for agricultural reproduction and breeding, etc. The company claimed to have set up more than 1,000 operation centers across over 100 cities in China. According to the site, it has recorded a turnover of RMB300 million in 2013 and RMB1.72 billion this year as of Oct.. Although the founding team will lose controlling stakes in the company after the capital injection, Wang Sicong, founder and CEO of the firm, disclosed that the new controlling shareholder has granted them to maintain the operation right. Wang added that the funding will be injected in market expansion, acquisition and upgrading of IT system. Legend Holdings has initiated a series of measures to explore Internet-related business. Lenovo has launched a project for smart hardware , named New Business Development ( NewBD , or NBD), and is planning to establish internet-focused smart device company next year to tap the fast-growing consumer mobile device market in China. Online finance is also an important part of the company’s long-term development program. Legend Holdings’s current financial units include offline payment company Lakala ,  Zhengqi Financial , a financial company targets at SMEs, commercial bank Hankou Bank and insurance company UIB .

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Expert Collections containing eLoancn

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

eLoancn is included in 2 Expert Collections, including Digital Lending.

D

Digital Lending

1,148 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

F

Fintech

19,054 items

Excludes US-based companies

eLoancn Web Traffic

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Page Views per Million (PVPM)
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eLoancn Rank

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