Chinese marketplace lending platform Jimubox raises $84 mln in Series C funding

Chinese marketplace lending platform Jimubox, backed by electronics company Xiaomi, has raised $84 million in Series C funding.

It comes seven months after the Beijing-based firm attracted $37 million from Xiaomi and ShunWei Capital, a venture capital fund.

This time round the lead investor is UK’s Investec Bank. Haitong Kaiyuan Investment also joined in, along with new investors Mandra Capital and Zhong Capital Fund. Existing Jimubox backers Matrix China Partners, Xiaomi, Shunwei, Ventech China, and Magic Stone Alternative also threw in some cash.

Jimubox said that the earlier tie-up with Xiaomi helped the startup see a big boost in traffic and before the gadget maker got involved with the startup, 50 percent of the site’s traffic was from mobile – but now that’s up to 70 percent.