History

Over the past 16 years, China Rapid Finance, has established a strong track record across multiple areas critical to success in marketplace lending. During the company’s history it has served as the largest consumer credit card marketing service, the first and only consumer credit decisioning solution and a government advisor regarding regulation of credit bureaus.
China Rapid finance is defining a new category of customers, China’s emerging middle class, and is using advanced and proprietary data analytics to uniquely serve this rapidly growing population.
2001 - 2010
advised on issuing 100 million credit cards
2003 - 2005
advised PBOC on 1st credit bureau
2001
Credit analytics for China’s leading banks
Launched marketplace
2010
2014
Launched mobile channel
2013
Drafted self-regulatory document.
China Association of Microfinance
2015
Named China’s “Best P2P
Microfinance Financial Service”
2014
Launched mobile channel
Milestones

2001
Credit analytics for China’s leading banks

2001-2010
Advised on issuing 100 million credit cards

2003-2005
Advised PBOC on 1st credit bureau

2010
Launched marketplace

2013
Drafted self-regulatory document, China Association of Microfinance

2014
Named China’s “Best P2P Microfinance Financial Service”

2014
Launched mobile channel with Tencent

2015
Launched mobile channel with Baidu

China Rapid Finance began operations in 2001.  During our 16-year history, the company developed a proprietary, advanced technology that has been used to analyze Chinese consumer credit, for China’s largest financial institutions, and beginning in 2010, on behalf of the lenders and borrowers who participate in our marketplace lending platform. While providing services to financial institutions, China Rapid Finance helped companies issue approximately 100 million credit cards to Chinese consumers. Since 2010, China Rapid Finance’s management team has applied its intimate knowledge of China’s credit market to develop predictive selection, credit scoring and automated decisioning technologies to create a sophisticated and advanced marketplace lending platform.