FintekNews Deal of the Day – Qufenqi Lands $449M

While we love to highlight American innovation and investment in fintech, we still function within a global arena.  The VC deal featured today was just too large not to cover.  Beijing-based Qufenqi, an installment plan e-commerce platform, closed on $449M USD on a Series F round of funding, with total equity funding of $874M to date.  Unless you’re fluent in Mandarin, you’ll not have much success navigating their website – http://qd.qufenqi.com/ – but it’s worth noting the significant investment in fintech occurring in Asia at the moment, as evidenced by this massive deal. 

Read Full Listing at Crunchbase