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.
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.
In The News
Kim Dotcom unveiled the first sneak peek of MegaUpload 2 and Bitcache working together after his funding round on BnkToTheFuture. We look forward to seeing more of this product unfold in the near future.
Other BnkToTheFuture News
AnthemGold hit their minimum funding goal:
The company, AnthemGold, aims to launch technology that allows customers to exchange their gold freely across multiple networks and cryptocurrency exchanges using a gold backed crypto currency. Qualifying investors can check out their pitch here.
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.
Over $172,000,000 invested:
We have now passed $172m invested in funding rounds listed on our Online Investment Platform. We thank every investor who have contributed to an investment in the Future of Finance and Technology. More details can be found on our home page.
We have now paid our BnkToTheFuture Professional Investor Members over 719,000 dividends and over $8,000,000 has been returned through our dividend paying funds. More details can be found in our Year In Review Video.
We are delighted to have over 38,800 (and counting) real active registered BF Professional Investor Members on our Online Investment Platform who are waiting for more Financial Innovation & Technology Investment opportunities to invest in. Click here to find an opportunity you like.
More financial innovation:
If you are involved in Financial Innovation & Technology, then we would love to receive your application and explore if you can raise investment with us. 88% of companies that have listed on our Online Investment Platform so far have raised at least their minimum funding goal. Once you have checked them out, make a quick application for finance here and we will follow up.