The China Internet Finance market (Part -1) has taken off in a big way due to favorable Government Policies to push the country ahead of the United States. We continue our coverage on the same.
Paipaidaiwas founded in June 2007 as one of the earliest P2P financial service companies in China. It operates under online processes and focuses on P2P small amount loan business. Paipaidai has a total of 2,000 employees nationwide. 50% of them belong to the manual service team. High quality service helps reduce the negative effect generating from non-standardised products and contribute to the final customer conversions. Besides, the users are mainly blue collars from tier-three or tier-four cities, who have limited understanding about financial products. The platform is able to conduct identity authentication after customers have explicit demand of loans. Under this process, users will find it smooth and simplified before making a final decision.
JIMU is a leading domestic financial technology company launched in August 2013. It focuses on middle-class user group, providing comprehensive