• FOUNDING YEAR: 2014
    LOCATION:
    China
    REGION:
    Last Update:
    18 Oct, 2019
    Global presence:
    China

Description

FOCUS

PRODUCTS & SERVICES:
Micro and small credit for retail consumers. It has also started offering small auto loans in the form of lease sales. The company's average cash loan size is $136 and merchandise credit average is $184 for a period of 2-8 months.(Please cross-check where this came from).
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail mobile users
EXISTING PARTNERSHIPS:
Partnership with Alipay
COMMENT
The company claims it's growing the user base and low delinquency rates allow it to lend at relatively low risk.

PEOPLE

MEDICI analysts will analyze Qudian soon

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$322.17 Millions
DATE OF LAST FUNDING:
Oct 2017
SEED & PRIOR FUNDING:
$170 K
SEED CLOSED ON:
Feb 2014
FUNDING SERIES:
SERIES A
$2 Millions Closed: Jun 2014
SERIES B
$10 Million Closed: Aug 2014
SERIES C
$10 Million Closed: Dec 2014
SERIES D
$100 Million Closed: Apr 2015
SERIES E
$200 Millions Closed: Aug 2015
LISTED:
NO
COMMENT:
The company claims that subsequent to guidelines being released in December 2017, it has de-risked its portfolio.

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