Is the Fuyi loan institution a bank?

No Shenzhen Fuyi Loan Internet Financial Services Co., Ltd. (Fuyi Loan) is located in Nanshan District, Shenzhen City, Guangdong Province, and provides financial intermediary services by means of Internet technology. According to relevant information, Fuyi Loan is a p2p online loan product under Shenzhen Fuyi Loan Internet Financial Services Co., Ltd., so Fuyi Loan is not a bank. Fuyi Loan mainly provides a platform for borrowers and borrowers to bid freely and reach a deal. Lenders of funds receive interest income and bear risks; When the borrower repays the principal due, Fuyi Company will charge the intermediary service fee.