Dianrong adds Orix, CLSA investment; eyes M&A

The fintech start-up raises $70m from Japanese and Chinese financial powerhouses. It could use the money to execute acquisitions ahead of a long-awaited IPO.

Dianrong adds Orix, CLSA investment; eyes M&A

Chinese online lending start-up Dianrong has added two more big-name backers to its impressive roster of investors, with Japan's Orix putting in $60 million of a $70 million additional series D fundraising round that also included $10 million from financial services firm CLSA.

Dianrong said the extra cash on top of an initial $220 million Series D round led by Singapore government fund GIC in August would be used for purposes including research and...

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