Lending Platform > Lending Industry
The Chinese marketplace lending industry is growing dramatically and countless numbers of companies have jumped in to take advantage of the opportunity. Unlike the competition, China Rapid Finance pioneered credit decisioning in China and is the only company with the time-tested and proven underwriting software and analytics demonstrated to realistically predict borrower credit worthiness.
China’s Population by Credit Access
1.37bn total, of which 650+ mm are Internet users
Low Consumer Credit Penetration
Non-Mortgage Credit to GDP (%)
Chinese consumer finance represents a $3.4 trillion market
Marketplace transaction volume expected growth to almost $60bn by 2016