China Rapid Finance

China Rapid Finance (China Rapid Finance or the Company) operates one of Chinas largest consumer lending marketplaces in terms of total number of loans, having facilitated over 27 million loans to over 3.7 million borrowers at a significantly lower borrowing cost than many competitors. The Company deploys machine learning and proprietary decisioning technology to facilitate affordable digital credit for one of the worlds largest untapped consumer credit markets: Chinas 500 million Emerging Middle-class Mobile Active consumers (EMMAs). China Rapid Finance operates a pure play marketplace, and does not take credit risk. The Company utilizes its technology to efficiently select quality EMMAs for its platform. China Rapid Finance offers smaller, shorter-term initial loans to these EMMAs and then offers larger, longer-term loans to repeat borrowers who demonstrate positive credit behavior. This low and grow strategy enables the Company to attract and retain high quality EMMAs who generat...