For many years, rural farmers in China have been finding it hard to get loans from banks.
VC backed P2P lending company, Pandai, has made it easier for rural farmers to get loans. This has caught the attention of the Chinese government who have recently signed terms with Pandai.
Featured Pitch
Pandai is a peer-to-peer online lending platform that allows people to lend as little as 500 CNY to rural farmers in China.
Pandai is an already established peer-to-peer online lending platform. Their platform provides agricultural microfinance loans to rural farmers in Yunnan, Hebei, and Inner Mongolia, as well as truck drivers in Kunming.
Their members are able to lend on their platform through a web browser, smartphone or APP.
They have recently signed terms with the Tianjin government VC fund, which is managed by Binhai Wealth. The Tianjin government have done a lot of investments for banks in China, including the Agricultural Bank of China.
Qualifying investors can check out their pitch here.
In The News
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Here is a the sneak peek for you:
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2 days left – Checkbook overfunded:
When you think FinTech, you don’t think of paper checks, but do digital checks have a place in the today’s world? Venture Capitalist Tim Draper invested in Checkbook and businesses are saying “Yes”. Checkbook is live on our Online Investment Platform and have smashed through their funding goal. They will close soon, so check them out here.
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