News

02 Aug

The 27 fintech unicorns from around the world, ranked by value

By Oscar Williams-Grut Posted date: August 1, 2016 02:00 PM Original source:http://www.businessinsider.my/fintech-unicorns-ranked-by-value-2016-7/#mmwqPHTXFd8zGgXR.97 A lot has changed since we last didp our roundup of fintech "unnicorns"- private companies worth over $1 billion. Investment was on the slide even before Brexit, and now economic growth looks shaky in the wake of the shock vote. Of those on the original unicorn list, some on have gone public, like LendingClub and...

20 Jul

China Wants To Rate People’s Credit With Online Data

By Yue Wang Posted date: July 12, 2016 09:15 PM Original source: http://www.forbes.com/sites/ywang/2016/07/12/china-wants-to-rate-peoples-credit-with-online-data-but-misuse-by-companies-is-rampant/#2c7d2c86116f As China tries to channel more loans to people and businesses underserved by its banking sector, a number of startups are rushing to solve a problem perplexing every lender in the country: the lack of credit histories. China, unlike the U.S., doesn’t have a nationwide credit measuring mechanism such as the FICO...

26 Apr

China Rapid Finance Bolsters Governance by Adding Joe Zhang to Board

  Joe Zhang has been appointed as independent, non-executive director of China Rapid Finance SHANGHAI, April 26 – China Rapid Finance Limited (“CRF” or the “Company”), a leading online consumer lending marketplace, bolstered its commitment to corporate governance, regulatory compliance and transparency with the addition of acclaimed author and financial expert Huaqiao(Joe) Zhang to its board. Mr. Zhang, 52, who is currently the...

20 Apr

CHINA RAPID FINANCE INVESTMENT BY BROADLINE CAPITAL WINS HONOR AS “TECHNOLOGY DEAL OF THE YEAR” AT 2016 INTERNATIONAL FINANCIAL FORUM

Christopher Thorne, Founder and Chairman of Broadline Capital (left), receives the "Technology Deal of the Year" award from Roger Aguinaldo, Founder & CEO of The M&A Advisor (right) at the 2016 International Financial Forum in New York City. New York, April 20, 2016 – China Rapid Finance Limited(“CRF” orthe “Company”)announced that Broadline Capital’s investment in the Company was honored as “Technology Deal of...

13 Apr

China Rapid Finance CEO Tells LendIt That China Market Has Huge Potential

SAN FRANCISCO--(BUSINESS WIRE)--China is one of the largest and fastest-growing online lending markets in the world, China Rapid Finance Limited’s (“China Rapid Finance”) Chief Executive Officer, Dr. Zane Wang, told the LendIt USA 2016 conference in San Francisco, California. “Compared with the online lending market in the U.S., China is much more exciting” The China market has huge potential and growth opportunities,...

07 Apr

China Rapid Finance casts eye towards untapped consumer base via partnerships with tech giants

Source: http://m.scmp.com/tech/china-tech/article/1934750/china-rapid-finance-casts-eye-towards-untapped - consumer-base Author: Bien Perez Posted: 4/7/2016   China Rapid Finance, operator of the mainland’s fastest-growing online consumer lending platform, is seeking broader partnerships with major domestic internet companies and big data firms as it aims to cover the 500 million people who are underserved by the nation’s big financial institutions. Zane Wang Zhengyu, the chairman and chief executive of China Rapid Finance,...

30 Mar

China Rapid Finance Unveils Strategy to Serve the Lifetime Credit Needs of 500 Million Individuals

BEIJING, March 30, 2016 – China Rapid Finance Limited (“CRF” or the “Company”), a leading online consumer lending marketplace, unveiled its strategy to expand its services to the 500 million people who are underserved by the nation’s financial institutions. The Company aims to bring consumer credit to the nation’s emerging middle class and is defining a new category of customers, Dr....

30 Mar

China Rapid Finance Joins NIFA as a Founding Member

SHANGHAI, March 25, 2016 – China Rapid Finance (“CRF” or the “Company”), a leading online consumer lending marketplace, became a sponsor and founding member of the National Internet Finance Association of China (NIFA), which was officially inaugurated in Shanghai today to facilitate the healthy development of China’s internet finance industry. The association was founded with the approval of China’s State Council,...

03 Jan

Inside the operations of China’s top credit risk start-up: Zane Wang talks about the growth of China Rapid Finance

By: Bien Perez bien.perez@scmp.com Posted: January 3, 2016 Original source: http://www.scmp.com/news/china/money-wealth/article/1897721/inside-operations-chinas-top-credit-risk-start-zane-wang   Zane Wang Zhengyu, the founder and chief executive of China Rapid Finance, says his company has helped some of the largest banks in mainland China underwrite more than 100 million credit cards. His 15-year-old, privately held company was the country’s first supplier of a Chinese-language credit decision engine, which has been implemented...

02 Sep

China Rapid Finance ‘Owns’ Consumer P2P Lending in China

By: Philip Ryan Posted: Aug 31, 2015 Original source: http://bankinnovation.net/2015/08/china-rapid-finance-owns-consumer-p2p-lending-in-china/ China’s recent financial instability has provided a boon for the safe returns offered investors by P2P lending. And China Rapid Finance is a beneficiary. The renminbi was weakened in early August, and the Shanghai stock market dove nearly 10% later this month. But P2P lending is going strong, returns are steady, and defaults are low, Zane Wang, CEO of China...