Marathon Venture leads $6.4m round in HK fintech firm Lion Rock
Thursday, December 14, 2017
(DealStreetAsia by Tomas Noda III) – Marathon Venture Partners has led a $9.4-million funding round in Hong Kong fintech company Lion Rock Fintech Ltd, the company said in a statement. 9F Inc, the strategic investor who backed Lion Rock’s previous round of financing, also invested in this round. The NYSE-listed fintech company Yirendai participated as a new strategic investor.
The transaction is subject to approval from the Hong Kong Securities and Futures Commission. Upon completion, Lion Rock will own Noble Apex Advisors Ltd, a SFC licenced company.
Noble Apex operates iFund, an online fund distribution platform that offers over 1,000 mutual funds from over 50 different asset management companies.
