Renrendai
Curated by SignalP2P Lending Platform targeting white collar employees and SMEs
Overview
Beijing-based Renrendai is the leading P2P platform in terms of the total number of outstanding loans. Since its inception, the company has built a nationwide service network covering over 2000 regions with a strong customer base. Renrendai targets white-collar employees and small business owners as customers, charging borrowers a management fee of 0.3 percent of the borrowed money, and a service fee of up to 5 percent for high-risk borrowers. The returns on Renrendai.com loans are between 10 and 18%, which is higher than the 3.25% offered by one year turn deposits in banks. The company also controls default risks by measuring borrowers’ income, occupation, assets and family connections. It has disbursed loans amounting to $2.4B in loans by the year 2015.
Key facts
- Founded
- 2010
- Headquarters
- Beijing, China
- Stage
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- Industry
- Financial Technology
- Sector
- Digital Lending
Business model
- GTM channel
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Contact
- Primary office
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