Paipai Loan was established in June 2007 and is headquartered in Shanghai. It is an online loan platform. It was successfully listed on the New York Stock Exchange on 20 17. According to the information disclosure of official website, the cumulative number of users of the auction loan in the past 1 1 year exceeded 80 million, the cumulative transaction amount exceeded13 billion, and the profit for users exceeded 4.8 billion. Let's look at the compliance of the auction loan from the aspects of platform background, operation team, bank depository, telecom value-added license, loan products and loan process.
Platform background
Auction loan was established earlier. During 20 12-20 15, it obtained three rounds of financing from ABC, and the financing institutions included Sequoia Capital, noah wealth and Junlian Capital. 20 17, 165438+ 10 month, 10, the auction loan was successfully listed on the NYSE with the stock code PPDF.
Operation team
Paipai Loan is headquartered in Shanghai, with operation centers in Wuxi, Hefei and Changsha, with about 4,000 employees.
bank deposit
Paipai Loan and China Merchants Bank provide fund custody for customers. The so-called fund custody means that the platform and the borrower's funds are separated. Unless there is authorization or instruction from the user, the user's funds cannot be operated, mainly to ensure the safety of the user's funds.
ICP license
Official website, the auction loan was put on record by ICP, with the record number of Shanghai ICP No.05063398.
Borrow products
The products of auction loan are mainly divided into scattered bid and rainbow bid, among which scattered bid can be divided into conservative, balanced and enterprising according to the risk level, and users can choose the corresponding products to invest according to their own credit rating. Rainbow Bid mainly provides loan services for users, and the loan amount ranges from1000-30,000 yuan.
Loan process
1. You can complete the online loan process. The specific steps are as follows:
2. The borrower applies for a loan and submits relevant materials.
3. Pat the loan to review the borrower's information and conduct risk rating.
4. After the approval, the platform releases the loan demand.
5. Lenders choose whether to lend according to their personal needs.
6. After the loan project is fully raised, the platform will review it.
7. After approval, the funds will be transferred to the borrower's account.
8. The borrower applies for withdrawal.
9. The borrower repays the loan online after the project expires.