Paipai Loan was established in June 2007. The full name of the company is "Shanghai Paipai Loan Financial Information Service Co., Ltd." and its headquarters is located in Shanghai. It is the first P2P pure credit unsecured peer-to-peer lending platform in China, and the first Internet financial platform approved by the industrial and commercial department to obtain the qualification of "financial information service". In addition to ordinary investment projects, it also provides users with two portfolio investment tools, Paipaibao and Paipaibao, which are convenient for users to use.
Compared with other P2P platforms in China, the biggest feature of auction loan is pure online mode operation. The platform itself does not participate in loans, but realizes functions such as information matching, tool support and service. The borrower's loan interest rate is set by itself under the maximum interest rate limit. This is also the most primitive operation mode of P2P online lending platform.
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