China Rapid Finance Makes 800,000 Loans in 2 Months

China Rapid Finance Makes 800,000 Loans in 2 Months

In the two months since it launched its mobile lending platform China Rapid Finance has made over 800,000 loans to Chinese borrowers.

In February China Rapid Finance launched a new mobile-based pre-approved borrower acquisition campaign for loans up to 500 RMB (US$80) and wrote 300,000 loans in the first month.

Zane Wang, PhD, Founder and CEO of China Rapid Finance, commented:

“Strong customer adoption of our online lending product has continued, recently putting us over the 800,000 loan mark. We believe that this represents the fastest growing and most efficient borrower acquisition program among all peer-to-peer lenders in China. This exponential growth demonstrates […] Read more