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
FintekNews Deal of the Day - Qufenqi Lands $449M
July 8, 2016
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