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Overview
China Rapid Finance is an 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.
About
Internet, Financial Services, FinTech
2001
1001-5000
Headquarters locations
Asia
Social
N/A
Profile Resume
China Rapid Finance headquartered in Asia, operates in the Internet, Financial Services, FinTech sector. The company focuses on Internet and has secured $13.4B in funding across 72 round(s). With a team of 1001-5000 employees, China Rapid Finance is actively contributing to advancements in Internet. Their latest funding round, Series B - China Rapid Finance, raised $21.0M. Discover more about their projects, partnerships, and impact on our platform.
Funding Rounds
6
4
0
$185.9M
Details
3
China Rapid Finance has raised a total of $185.9M in funding over 3 rounds.
Announcement date | Transaction name | Number of Investors | Money raised | Lead Investor |
---|---|---|---|---|
2005 | Early Stage Venture | 4.0M | ||
2015 | Late Stage Venture | 75.0M | ||
2007 | Early Stage Venture | 21.0M |
Investors
China Rapid Finance is funded by 14 investors.
Investor Name | Lead Investor | Funding Round | Partners |
---|---|---|---|
Broadline Capital | - | FUNDING ROUND - Broadline Capital | 75.0M |
David J. La Placa | - | FUNDING ROUND - David J. La Placa | 75.0M |
China Rapid Finance | - | FUNDING ROUND - China Rapid Finance | 75.0M |
Bank of Shanghai | - | FUNDING ROUND - Bank of Shanghai | 75.0M |
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