Yirendai is a leading online consumer finance marketplace in China connecting investors and individual borrowers. The Company has facilitated over RMB 12.0 billion in loans from our inception in March 2012 through December 31, 2015.
Yirendai’s online platform automates key aspects of its operations and enables the Company to efficiently match borrowers with investors and execute loan transactions. Leveraging the extensive experience of Yirendai’s parent company CreditEase, Yirendai is able to provide an effective solution to address largely underserved investor and individual borrower demand in China. CreditEase is a large financial services company focusing on providing inclusive finance and wealth management products and services in China. Yirendai’s borrowers and investors come through a variety of channels, including online sources, such as the internet and mobile applications, as well as offline sources, such as referrals from CreditEase’s on-the-ground sales network....more