When was Weidai founded?

Weidai was founded in 2011 and raised its 1st funding round 3 years after it was founded.

Where is Weidai located?

Weidai is headquartered in Hangzhou, China.

Is Weidai a funded company?

Weidai is a funded company, having raised a total of $192M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jun 2014.

When was the latest funding round of Weidai?

Weidai's latest funding was a $***** Series C round on May 23, 2016, with participation from 1 investor.

Where does Weidai rank among its competitors?

Weidai ranks 2nd amongst 6 active competitors, of which 4 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Yuanbao, which secured $156M in May, 2021.

Who are the top competitors of Weidai?

Weidai's top competitors include Yuanbao, Lingxianlicai and Haoshouyi. Among them, Yuanbao secured the most recent funding round in May, 2021.

Weidai - 2026 Company Profile, Team, Funding & Competitors

Weidai is a public company based in Hangzhou (China), founded in 2011 by Yao Hong. It operates as a P2P Lending platform in China. Weidai has raised $192M in funding. The company has 6 active competitors, including 4 funded and 1 that has exited. Its top competitors include companies like Yuanbao, Lingxianlicai and Haoshouyi.

Company Details

Weidai provides P2P lending secured by automobiles owned by borrowers. The loans are generally one-month in maturity with interest rate of around 11%. The company says its monthly transaction value reached RMB85 million (US$235 million) as of August 2015. As of August 2016, it has 300 sales offices in Beijing, Shanghai, Guangzhou, Sichuan, Zhejiang and other 27 provinces and cities, and total transaction amount exceeded $6.5B

Key Metrics

Founded Year

2011

Location

Hangzhou, China

Stage

Public

Total Funding

$192M in 4 rounds

Latest Funding Round

Series C, May 23, 2016, $*****

Investors

Vision Knight Capital & 4 more

Ranked

2^nd among 6 active competitors

Similar Companies

Yuanbao & 33 more

Exit Details

Public

View Weidai's full profile

Weidai got listed on Nov 15, 2018.

Click here to take a look at Weidai's IPO in detail

Weidai has raised a total funding of $192M over 4 rounds. Its first funding round was on Jun 2014. Its latest funding round was a Series C round on May 23, 2016 for $*****. 1 investor participated in its latest round. Weidai has 5 institutional investors.

Here is the list of recent funding rounds of Weidai:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 23, 2016	9926824	Series C	8084950	7329824	3878811	7890612
Sep 10, 2015	6451401	Series B	5983772	9760188	1071984	Hakim Unique Internet
Dec 2014	5614354	Series A	5869295	7929266	6491394	ZSVC

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View details of Weidai's funding rounds and investors

The founders of Weidai is Yao Hong.

Here are the details of Weidai's key team members:

Yao Hong: Founder & CEO of Weidai.

View details of Weidai's Founder profiles and Board Members

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Top competitors of Weidai include Yuanbao, Lingxianlicai and Haoshouyi. Here is the list of Top 10 competitors of Weidai, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Yuanbao 2014, Beijing (China), Series C	Online digital currency as a collateral-based P2P lending platform	$156M	Cathay Capital, Source Code Capital & 5 others	57/100
2nd	Weidai 2011, Hangzhou (China), Public	P2P Lending platform in China	$192M	Vision Knight Capital, Shanda & 3 others	43/100
3rd	Lingxianlicai 2014, Shenzhen (China), Series B	Online based P2P lending company focused towards mortgage in agriculture sector	$1.65M	K2VC, JiuFu & 3 others	28/100
4th	Haoshouyi 2014, Haidian (China), Series A	Asset-backed loan marketplace	-	-	26/100
5th	STLC 2015, Hangzhou (China), Deadpooled	Online investment platform for consumers	$9.21M	Tianshi Capital	21/100
6th	Woshidai 2013, Nanjing (China), Deadpooled	P2P loans against automobiles	$7.8M	Beijing Ultrapower Software	20/100
7th	Jiurong 2014, Wuhan (China), Series A	Platform for borrowers and investors which enable information exchange	$7.5M	Tian Ge	20/100
8th	SFDAI 2011, Beijing (China), Deadpooled	Online lending platform with car as a collateral	$4.4M	Tian Ge	17/100
9th	Pingan Licaiwang 2014, Beijing (China), Deadpooled	Online P2P lending platform for businesses and consumers	-	Amphora Capital	17/100
10th	83Chedai 2014, Shanghai (China), Deadpooled	Online platform for automotive mortgage based financing	-	Meridian Capital	16/100