PPmoney

1. The company was established in December 2012, headquartered in Guangzhou, with a registered capital of RMB 150 million and a workforce of over 2,000 people, including 1,700 to 1,800 in the Guangzhou headquarters.
2. The company has formed a group corporation, mainly engaged in P2P business and Jidai (consumer lending), which together account for 80% of its operations. The P2P business has accumulated nearly RMB 90 billion in transactions, ranking among the top ten nationwide. Since its launch in 2015, the Jidai business has developed well and currently has a team of 300 people with significant demand. Additionally, the company also conducts mortgage loans, auto loans (with over 40 branches nationwide), and inclusive finance for agriculture, rural areas, and farmers.
3. In 2016, the company secured a Series B funding of RMB 375 million, mainly from Anci Capital and Yuetai Group. The company is currently listed on the New Third Board and plans to shift to the Hong Kong Main Board for listing in 2018; auditors from accounting firms have already moved in.
4. In terms of qualifications, the company complies with national regulatory policies. In February 2017, the bank custody with Xiamen Bank was officially launched. The shareholders hold an internet micro-loan license, which is available for use at any time, thus the Jidai business is not affected by the latest round of policy changes.