Qufenqi is a Beijing-based installment payment e-commerce platform. It allows buyers, mostly college students and young workers, to pay in monthly installments. The platform focuses on smartphones, laptops, and other consumer electronics. Customers can also choose products from other popular e-commerce websites like Tmall, JD, and pay for them via Qufenqi by selecting a down payment and the number of months they will pay off the remainder. After it's funding round in July 2016, the company stated that it plans to change its name to Qudian to reflect a broader focus of retail products and services.
PRODUCTS & SERVICES:
E-commerce portal to buy goods, monthly payment services for e-commerce users
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Retail online customers
Alipay, Sesame: To integrate Qufenqi with Alipay and Sesame credit-scoring service to construct a financial ecosystem.