The Qudian platform offers small and micro online-credit to consumers. The company leverages big data analytics, machine learning and artificial intelligence to analyse individual consumer behaviour, in order to offer relevant products and customised credit products. The analysis evaluates credit worthiness based on both willingness and ability to repay.
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).
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Retail mobile users
Partnership with Alipay
The company claims it's growing the user base and low delinquency rates allow it to lend at relatively low risk.
MEDICI analysts will analyze Qudian soon
Insufficient information for accurate analysis
DATE OF LAST FUNDING:
SEED & PRIOR FUNDING:
SEED CLOSED ON:
$2 Millions Closed: Jun 2014
$10 Million Closed: Aug 2014
$10 Million Closed: Dec 2014
$100 Million Closed: Apr 2015
$200 Millions Closed: Aug 2015
The company claims that subsequent to guidelines being released in December 2017, it has de-risked its portfolio.