[Editor’s note: This is a guest post from Dmytro Spilka. He is a tech and finance writer based in London....
In late March, 2017 we learned that Chinese online lender China Rapid Finance filed to go public, hoping to raise...
UP Fintech Holding is an online broker based in China and has raised $104 million by offering 13 million ADS...
Dianrong is a Chinese online lender run by one of the co-founders of Lending Club, Soul Htite; the company is planning an IPO in Hong Kong and could raise $500 million next year. Source
ZhongAn Insurance, China’s first internet-only insurer, raised $1.5 billion in its IPO; ZhongAn priced its 199.3 million new shares at HK$59.70 ($7.65) each, the top of a HK$53.70-HK$59.70 range; the IPO is the world’s first “insurtech” public offering. Source
David Velez founded Nubank in 2013 with the idea of taking on big banks in Brazil and leveraging technology to change how financial products are served in the country radically.
On the heels of the Ant Financial IPO news earlier this week leading Chinese online wealth management platform Lufax is...
Hexindai, a Chinese fintech company listed on the Nasdaq last Friday; according to the article Chinese firms are getting pressure from investors who want to cash out; tightening regulations are also a factor; Qudian, another firm went public last month and Rong360 may be the next Chinese fintech company to go public; Oliver Wyman reports that the market size for consumer lending will expand to $620 billion by 2020 with a compound annual growth rate of 49%. Source
PPDAI plans to raise up to $350 million in their IPO and list on the NYSE. Source
Senmiao Technology plans to raise $14 million in a US IPO; the company was founded in 2014 and plans to list on the Nasdaq with symbol AIHS; if the company has a successful IPO, they may be worth around $100 million. Source