Linking micro-credit intermediaries to lenders, this online tool facilitates quick loan processing, without the lengthy paperwork; commission is automatically paid to the intermediary’s bank account.
Why
SME demand unmet
Many Chinese SMEs need loans, but banks can only meet 10% of the demand.
Traditional micro-lenders’ inefficiencies
Before the rise of internet technology, loan processing in this sector was convoluted and slow.
Market
RMB 15 trillion
Estimated volume of China’s consumer credit in 2014, and it's growing rapidly at a 20% annually.
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