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