Will Lending Club drive growth in funding and exits among European and Asian online lending companies? Here are 13 worth tracking.
Lending Club’s IPO may be a shot in the arm to both US online lenders as well as international VC-backed lenders. Wonga which seemed to have the lead in Europe among emerging companies has taken a big hit recently due in part to poor underwriting and risk models so we wanted to take a look at other Asia and Europe-based VC-backed lenders that might be worth watching.
While the lending space is clearly booming worldwide (with over $4B raised in the past year), below we’ve highlighted 13 VC-backed international lending startups to watch which have raised financing since 2013.
| Company | Total Disclosed Funding ($M) | Last Equity Round | Country | Select Investors |
|---|---|---|---|---|
| Janalakshmi Financial Services | 278.8 | Series D | India | Lok Capital, Citi Venture Capital International, Tata Capital, |
| Borro | 199.5 | Series C | United Kingdom | Canaan Partners, Eden Ventures, Octopus Investments, Ribbit Capital |
| Renrendai | 130.0 | Series A | China | Trustbridge Partners |
| Funding Circle | 123.2 | Series D | United Kingdom | Union Square Ventures, Accel Partners, Index Ventures, Ribbit Capital |
| Vistaar Financial Services | 95.0 | Series C | India | Lok Capital, SVB Capital Partners, Saama Capital |
| Kreditech | 69.5 | Growth Equity | Germany | Blumberg Capital, Point Nine Capital, Global Founders Capital |
| Shanghai Paipaidai Finance | 60.0 | Series B | China | Sequoia Capital China, Lightspeed China Partners, Alibaba Group |
| JimuBox | 47.0 | Series B | China | Matrix Partners China, Vertex Venture Holdings, Xiaomi |
| Zopa | 42.9 | Series E | United Kingdom | Bessemer Venture Partners, Benchmark Capital, Wellington Partners, |
| Auxmoney | 28.0 | Series B | Germany | Union Square Ventures, Foundation Capital, Index Ventures |
| Pret d’Union | 13.4 | Venture Capital | France | Kima Ventures, Credit Mutuel ARKEA, Schibsted Growth |
| DianRong | 12.0 | Series B | China | Northern Light Venutre Capital, Sun Hung Kai & Co. |
| iwoca | 11.5 | Series B | United Kingdom | Beyond Digital, Global Founders Capital |
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Image credit Epsos.de // Flickr
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