Search company, investor...

eLoancn

eloancn.com

Stage

Corporate Minority | Alive

Total Raised

$147M

Last Raised

$147M | 8 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.

Headquarters Location

Wenzhou, Zhejiang ,

China

Missing: eLoancn's Product Demo & Case Studies

Promote your product offering to tech buyers.

Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.

Missing: eLoancn's Product & Differentiators

Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).

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

1,801 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

3,334 items

Track and capture company information and workflow.

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 .

eLoancn Frequently Asked Questions (FAQ)

  • Where is eLoancn's headquarters?

    eLoancn's headquarters is located at Wenzhou.

  • What is eLoancn's latest funding round?

    eLoancn's latest funding round is Corporate Minority.

  • How much did eLoancn raise?

    eLoancn raised a total of $147M.

  • Who are the investors of eLoancn?

    Investors of eLoancn include Legend Holdings.

  • Who are eLoancn's competitors?

    Competitors of eLoancn include Prosper Marketplace and 1 more.

Compare eLoancn to Competitors

Capitalise Logo
Capitalise

Capitalise offers an online platform where lenders and businesses can compare and apply for finance and loans.

Biz2Credit Logo
Biz2Credit

Biz2Credit is an online small business funding platform connecting business owners with a range of lenders that offer a wide range of funding options. Biz2Credit connects borrowers with credit solutions based on online profiles that can be completed in less than four minutes in a safe, efficient, price-transparent environment.

A
Acorn Finance

Acorn Finance provides home improvement financing to contractors and homeowners. The firm partners with home improvement contractors and manufacturers to connect their customers to a marketplace of national lenders. Contractors and manufacturers pay no fees to use the Acorn platform, while customers get to compare competitive loan offers to finance their home repair and renovation projects.

Creditas Logo
Creditas

Creditas operates a digital lending platform that focuses on secured lending. Creditas funds customer loans through both investors and financial institutions. Core products include a version of home equity and auto loans, in which the borrowers offer residences or vehicles as collateral for a first-lien lending product. Its products also include Creditas Auto (car marketplace), Creditas Store (ecommerce platform with a payroll-deductible BNPL model), and Voltz (the largest manufacturer of electric motorcycles in Brazil). The company was founded in 2012 and is based in Sao Paulo, Brazil.

Faircent Logo
Faircent

Faircent is an online lending platform serving as a marketplace where potential lenders and borrowers can register and interact to strike deals on lending and borrowing. The top-line comes from charging an upfront fee once a deal is finalized for its services and facilitating the process. Faircent's features include a matchmaking technology to connect prospective borrowers and lenders as per their respective requirements, and an index of borrowers based on the purpose of the loan, amount, and tenure.

Zirtue Logo
Zirtue

Zirtue is a relationship-based lending app to formalize and help simplify loans between friends and family with automatic monthly loan payments. It automates the payment process and assists make it easier for all parties involved. It was founded in 2018 and is based in Dallas, Texas.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.