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China stocks: P2P company Xinerfu SOS Limited (XRF) (2001)

SOS Limited (NYSE: SOS) was founded in 2001 (started to get involved in the field of online lending information intermediary services in 2010), formerly known as Sino Rapid Finance Limited (formerly NYSE: XRF), and changed to its current name in July 2020 , Formerly known as China Risk Finance LLC, was changed to Xinerfu in August 2015. Headquartered in Shandong, China, with 163 full-time employees, the company claims to be a financial technology company dedicated to domestic consumer credit services, speaking the vernacular , Is a P2P company.

China Rapid Finance Limited

Xinerfu SOS Limited (XRF):

Xinerfu (NYSE:XRF) is a pioneer in the field of credit analysis in China, using advanced big data risk control technology, combined with 16 years of risk management practical experience in China, to provide borrowers and lenders with a reasonably priced, fast and convenient network Borrowing information intermediary service. Since 2001, it has started credit analysis service business and has provided risk management technical services for many banks and other financial institutions. In 2010, we set foot in online lending information intermediary services, covering more than 20 provinces and municipalities across the country. Based on the number of loan transactions facilitated by the platform, Xinerfu is one of the largest online lending information intermediary platforms in China, April 28, 2017 Listed on the New York Stock Exchange.

“Emma, ​​Emerging Middle-class, Mobile Active consumers” is the core target customer group of Xinerfu. They are educated, pay according to their work, and frequently surf the Internet. They are a growing young group, but they are ignored by traditional financial institutions. Xinerfu believes that the “Ima Family” represents one of the world’s largest untapped consumer credit market opportunities.

Xinerfu adopts the strategy of “Low and Grow”, through unique predictive screening (PST), automatic decision-making (ADT) and other core technologies, to help “Imazu” establish a personal credit history to satisfy users Consumer credit demand throughout the life cycle.

Xinerfu has integrated the risk decision management system, marketing planning system, overdue debt collection system, and back-office accounting service system into a P2P personal microfinance information consulting service platform, adopting an advanced risk management technology system, and combining it in China for more than 10 years With practical experience in risk management, information consulting is used as a service method to provide customers at both ends of the platform with risk assessment, information matching, risk control, remittance supervision, wealth management and other related services.

Xinerfu has integrated the risk decision management system, marketing planning system, overdue debt collection system, and back-office accounting service system into a P2P personal microfinance information consulting service platform, adopting an advanced risk management technology system, and combining it in China for more than 10 years With practical experience in risk management, information consulting is used as a service method to provide customers at both ends of the platform with risk assessment, information matching, risk control, remittance supervision, wealth management and other related services.

As of August 17, 2017, Sinofoss has provided approximately 20 million loans to 2.7 million borrowers.

Xinerfu Services/Business:

Fintech

  • Based on Xinerfu’s core technical advantages in data processing, risk control, credit management and other fields, and 20 years of practical experience in risk management and inclusive finance, it helps cooperative institutions enter transportation, education, medical and other service scenarios, reaching the C-side with loans Demand users, accurately identify potential credit risks, quantitatively analyze customer value, and increase revenue.
  • Through the development of pre-loan marketing, in-loan risk assessment and post-loan risk management and other core technology output, provide one-stop smart risk control solutions, and provide personalized design of credit products, customized development of risk control models, and big data algorithm customers Banking, insurance, trust, small loan, e-commerce and other institutions are empowered by services such as chemical applications.
  • Core advantages: Possess multiple national copyright registration certificates, software certificates, and high-tech enterprise certificates. Created multiple firsts in the field of domestic consumer finance risk control: completed China’s first credit decision management system for Bank of China, and completed China’s first post-loan decision management system for China Guangfa Bank.

Inclusive Service

  • Relying on Xinerfu’s mature, complete and advanced risk assessment methods and systems, it provides convenient and professional borrowing information consultation for high-growth people in China, such as “agriculture, rural areas, and farmers”, small and micro enterprises, and individual industrial and commercial households who need inclusive financial services Services and credit management services help them to increase their self-value, enhance their entrepreneurial capabilities, and assist them in the innovation of production methods, production technologies and equipment.
  • Xinerfu has always been committed to serving the rural areas and the real economy. It provides loans for agriculture, rural areas and farmers in Haidong, Qinghai, and loans to help businesses, effectively alleviating the financing difficulties of local farmers and enriching the local rural financial service system. In 2019, Xinerfu was approved and supervised by the China Banking Regulatory Commission with a high score because it was based on inclusive finance, served agriculture, rural areas and small businesses, and had excellent performance in various selection indicators. The People’s Bank of China and the Ministry of Civil Affairs provided work guidance. It was awarded the title of “National Excellent Small Loan Company” by the “China Association of Small Loan Companies” under supervision and management.
  • Xinerfu has always been committed to serving the rural areas and the real economy. It provides loans for agriculture, rural areas and farmers in Haidong, Qinghai, and loans to help businesses, effectively alleviating the financing difficulties of local farmers and enriching the local rural financial service system. In 2019, Xinerfu was approved and supervised by the China Banking Regulatory Commission with a high score because it was based on inclusive finance, served agriculture, rural areas and small businesses, and had excellent performance in various selection indicators. The People’s Bank of China and the Ministry of Civil Affairs provided work guidance. It was awarded the title of “National Excellent Small Loan Company” by the “China Association of Small Loan Companies” under supervision and management.

Technological innovation

  • Xinerfu constantly explores the latest data technology, artificial intelligence, Internet of Things, blockchain and other cutting-edge technologies of the era, and continues to carry out core big data algorithms, predictive screening technology, automatic decision technology, intelligent customer service (conversational banking) and other technologies Update and upgrade, while reducing costs, improving efficiency, and improving user experience, accurately positioning customer risks and model upgrades, realizing digital technology to serve the financial and physical industries, helping related industries to achieve Internet, digitization and intelligence, and helping partner institutions Further enhance business income.

Xinerfu SOS Limited (XRF investment:

Xinerfu China Rapid Finance Limited (NYSE:XRF) listed on the NYSE on 4/28/2017 IPO. The issue price was US$6, 10 million shares were issued, and US$60 million was raised. It was changed to its current name in July 2020. And enable the new stock code SOS.

Among U.S. stocks, Zhonggui Mutual Finance also includes: Yirendai , Qudian , Hexindai , Paipaidai , Rong360 , and Luxiang Rural Microfinance.

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REIT company: MFA Financial, Inc. (MFA) (1997)

Fintech company (blockchain concept): LongFin Corp (LFIN) (2017)