China Rapid Finance, one of China's top online consumer finance platform, recently announced that the company will participate in the DBS Fintech Corporate Day. The company will be represented by Chief Executive Officer Zane Wang. The summit will be held at the Fullerton Hotel located in Singapore and will open its doors on Sept. 27.
Aside from participating in the upcoming fintech summit, China Rapid Finance will also host investor meetings all throughout the day. The summit is strictly by invitation only. For those who are interested to invest, they are advised to contact their nearest DBS sales representative for them to be able to set up a scheduled meeting.
China Rapid Finance is a leader when it comes to online consumer finance platform. The company uses machine learning and various proprietary decision making technology to facilitate millions of loans for its users. The company claims that its cutting-edge technology can bring affordable digital credit to China's massive untapped credit markets.
China Rapid Finance uses its own proprietary technology which focuses on the mobile platform in order to efficiently reach its consumers. This strategy essentially allows the company to pre-screen consumers who are credit-worthy.
For the most qualified clients, China Rapid Finance can provide larger and long-term loans. However, clients should have an outstanding credit rating, as well as good financial standing to be able to qualify for these types of loans.
Dr. Zane Wang founded China Rapid Finance. Prior to the founding of the company, Dr. Wang was the former global head of credit analytics at Sears Credit. China Rapid Finance was founded in 2004. The company was founded in China, and it also considers the country as its main base of operations.
In 2015, China Rapid Finance successful closed a $35 million Series C round led by Broadline Capital. The particular funding run raised the company's valuation to $1 billion. At this point, the company started entertaining the possibility of launching an initial public offering the in the United States.
With regards to its stock market rating, China Rapid Finance is currently one of the hottest trends in the market. The company's earnings per share have been pegged at a 0 percent rate over the course of the last five years. Recent data shows that the company's institution ownership is at 10.6 percent.
In the last 12 months, China Rapid Finance shares price hit its highest at $12.86 and its lowest price was reported at $1.6. Overall, the company has a market cap of $163.32 million.
