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China Rapid Finance Stock

China’s largest online consumer lending marketplace

About China Rapid Finance Stock

China Rapid Finance is China’s largest online consumer lending marketplace serving online users and China’s emerging middle class. The Company provides consumer credit access to the world’s largest untapped market, expected to grow to more than RMB 5.4 trillion (US $870 billion) by 2020. Its technology enables socially inclusive financing to the most creditworthy individuals, serving a potential 500 million consumers who are economically active but never have had access to bank credit. China Rapid Finance is a recognized technology innovator and has transformed China’s consumer credit landscape with its introduction of the most advanced omni-channel borrower acquisition system and proprietary Big Data analytics technology platform featuring an end-to-end automated credit decisioning system. It has a proven track record in credit risk management, transparency and a culture focused on innovation with more than 5,000 employees and 80 data verification centers across China.

China Rapid Finance was founded in 2001 by Mr. Zane Wang, PhD, one of China’s leading experts in consumer credit market innovation and lending marketplace technology. Prior to founding China Rapid Finance, Dr. Wang received his PhD in Statistics from the University of Illinois at Chicago and started his career in the United States, serving as Head of Analytics for Sears Credit – the world’s largest retail credit card portfolio, subsequently acquired by Citibank. Upon returning to China, Dr. Wang advised the People’s Bank of China on the creation of China’s national credit bureau and the first functioning credit bureau in Shanghai before launching China Rapid Finance. Dr. Wang also is the only Council Committee member of the China Association of Microfinance from the marketplace lending industry, and the Secretary of the Shanghai Financial Information Professional Committee, a branch of the Shanghai government trade association.

Investors

Broadline Capital

China Rapid Finance

Funding History

November 2007$21.0M
July 2015$35.0M

Management

CEO

Zane Wang

CFO

Kerry Shen

VP of Operations

Likey Lee

VP of Finance

Yiming Liu

Press

Other Companies

EquityZen does not have an affiliation with, formal relationship with, or endorsement from China Rapid Finance or any companies feature above. This profile is based on publicly available information and is intended to be informative in nature.

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