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China Rapid Finance Unveils Strategy to Serve the Lifetime Credit Needs of 500 Million Individuals

March 30th, 2016 Home News, News, Press
Company Seeks Maximum Diversification of Data Channels to Reach Emerging Middle Class
BEIJING, March 30, 2016 – China Rapid Finance Limited (“CRF” or the “Company”), a leading online consumer lending marketplace, unveiled its strategy to expand its services to the 500 million people who are underserved by the nation’s financial institutions.
The Company aims to bring consumer credit to the nation’s emerging middle class and is defining a new category of customers, Dr. Zane Wang, the Company’s CEO, said at a press conference in Beijing today. Of China’s 1.4 billion people, the central bank database as of the end of 2014 covered around 800 million, of which roughly 300 million people had credit records. That leaves about 500 million people who can’t borrow money from traditional financial organizations...read more
 

http://chinarapidfinance.com/china-rapid-finance-unveils-strategy-to-serve-the-lifetime-credit-needs-of-500-million-individuals/

 

Shanghai; February 18, 2015 – China Rapid Finance (“CRF”), a leader in Chinese marketplace lending and credit decisioning, today announced that it has extended pre-approved loan offers of 500 RMB (~US$80) to 50 million consumers including pre-screened users on QQ, Tencent’s leading social networking platform, with 820 million users, and customers of China Union Pay, China’s leading payment network.  read more........finance.yahoo.com/news/china-rapid-finance-pre-approves-010000201.html

Jan 01.2015-Hightower secures additional $50MM line of credit...read more......www.reuters.com/article/2015/01/26/us-hightower-loan-exclusive-idUSKBN0KZ2GM20150126

            

 Past announcements

02.08.2011 - HighTower Advisors' $100 million second round financing recognized as largest venture capital deal in financial services in 2010.  Read More...

 

10.15.2010 - DLB Capital announces the successful exit of its first real estate venture in China - Generates 46% to its investors. Read More...

 

01.11.2010 - DLB Capital is pleased to announce the closing of a $100 Million Equity Financing in HighTower. Read More...

 

08.05.2009 - DLB Capital and HighTower Advisors Featured in Investment Advisor Cover Story. Read More...

  

04.15.2009 - Doug Brown to be Featured at the Fifth Annual China Institute Executive Summit in Beijing, April 26 - 28. Read More...

 

01.05.2009 - Leaving Wall Street Behind. Read More...

 

12.11.2008 - DLB Capital Announces Significant Investment in HighTower Advisors, LLC. Doug Brown to act as Non-Executive Chairman. Read More...

 

10.24.2008 - DLB Capital Announces the Closing of its Investment in Shanghai Harvest Network Technology Co. Ltd. Read More...

 

06.10.2008 - DLB Capital in Partnership with Global Secured Capital Announces the Closing of Their Purchase of Western United Life Assurance Company. Read More...

 

03.05.2008 - China Risk Finance Named 2007 Asian Venture Capital Deal of the Year by Private Equity International Media. Read More...

 

02.25.2008 - Jeremiah L. Thomas III joins DLB Capital as an Advisory Director. Read More...

 

11.01.2007 - China Risk Finance Announces $21.0 Million Series B Financing led by DLB Capital. Read More...

 

 

 

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