Ppdai Revenue and Competitors

About PPDAI Founded in June 2007, PPDAI (full name ?Shanghai PPDAI Financial Information Services Co., Ltd.) is China?s first network credit lending platform headquartered in the international financial center Shanghai. PPDAI is the first Internet financial platform with special approval by the industry & commerce sector on business scope of ?financial information services? and the government?s recognition. With advanced concepts and innovative technology, PPDAI established a safe, efficient and transparent Internet financial platform to regulate the behavior of individual lending, enabling borrowers to improve production and living and lenders to increase investment channels. PPDAI believes that, with the development of the Internet as well as sound personal credit system of China, advanced concepts and innovative technology will bring a historic revolution to private lending, and PPDAI will be the leader of this revolution. As of April 2017 , PPDAI platform had had 4 million registered users, occupying a leading position in the industry in brand influence, number of users, platform trading volume and other aspects. In October 2012, PPDAI became the first network credit platform to complete ?A? Round Financing, obtaining $10 million investment level of Sequoia Capital. In April 2014, PPDAI announced the completion of ?B? Round Financing in Diaoyutai State Guesthouse in Beijing, with investment institutions Lightspeed China Partners, Sequoia Capital and NOAH, a company listed in NYSE. In April 2015, PPDAI officially announced the completion of ?C? Round Financing, becoming the first network credit platform to complete ?C? Round Financing in domestic fintech industry. The investment group of ?C? Round Financing is as follows: Legend Capital and SIG under Legend Holdings as the lead investors, VMS Legend Investment Fund I, Sequoia Capital and Lightspeed China Partners and other institutions as the co-investors.