What is a loan?

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 pure credit and unsecured peer-to-peer lending platform in China, and the first Internet finance (ITFIN) platform approved by the industrial and commercial departments to obtain the qualification of "financial information service".

In addition to ordinary investment projects, it also provides users with two wealth management products, Pat Joker and Rainbow Plan, which are convenient for users to use. More than 2,600 employees.

By the end of 20 16, the number of registered users reached 326 1000, making it one of the largest online credit lending platforms in China. Compared with other online credit platforms in China, the biggest feature of the auction loan is the pure online mode operation. The platform itself does not participate in lending, but realizes functions such as information matching, tool support and service. The borrower's loan interest rate is set by himself under the limit of the highest interest rate. This is also the most primitive operation mode of online lending platform.

Company profile:

Paipai Loan was established in June 2007. The full name of the company is "Shanghai Paipai Loan Financial Information Service Co., Ltd.". Headquartered in Shanghai, an international financial center, it is the first online credit lending platform in China.

Paipai Loan is the first Internet financial platform approved by the industrial and commercial department in China, with the business scope of "financial information service" and recognized by the government. With advanced concepts and innovative technologies, Paipai Loan has established a safe, efficient and transparent internet financial platform, which regulates personal lending behavior, enables borrowers to improve their production and life, and allows lenders to increase investment channels. I believe that with the development of the Internet and the improvement of China's personal credit system, advanced ideas and innovative technologies will bring historic changes to private lending, and the loan auction will be the leader of this change.

On June 8, 2007, the website was launched and the auction loan was formally established.

In June 2009, 5438+ 10, the number of registered users of auction loans exceeded 65438+ 10,000.

201April 16, with the support of Shanghai industrial and commercial bureau, Paipai Loan was officially renamed as "Shanghai Paipai Loan Financial Information Service Co., Ltd.", and the business scope of the company expanded to a wider range of "financial information services", becoming the first company in P2P peer-to-peer lending industry to obtain the qualification of financial information services.

20 12, 10 In June, Paipai Loan received an investment of USD10 million, becoming the first online lending platform to complete the A round of financing.

20 12 12 2 1, Paipai Loan became one of the founding members of the enterprise alliance of online credit service industry. The alliance, initiated by Shanghai Information Service Industry Association, is the first online loan enterprise alliance in China. Tu Guangshao, member of the Standing Committee of Shanghai Municipal Committee and Vice Mayor, and Zhou Yupeng, President of Shanghai Modern Service Federation jointly unveiled the alliance.

20 13 12.3, pat on the loan to join the internet finance professional Committee, a professional organization in the internet finance industry. The Committee is led by the Payment and Clearing Association under the central bank and initiated by 75 institutions including the auction of loans. Its members include 18 of the most powerful commercial banks in China, including the four major state-owned banks, well-known domestic Internet companies such as Alipay and Tencent, and well-known research institutions such as Tsinghua Wudaokou Finance College. It is the first industry organization that the regulatory authorities participated in.

2065438+April 2004, Paipai Loan announced at Diaoyutai State Guesthouse that it was the first to complete the second round of tens of millions of dollars financing. The investors are Lightspeed China partners, Sequoia Capital and noah wealth, a company listed on the new york Stock Exchange.

On March 20 15, Paipai Loan officially released the "magic mirror" risk control system, which is the first real risk control system based on credit big data in the industry, and can accurately predict the risk probability of the loan target and make risk pricing based on accurate risk control rating.

2065438+April 2005, Paipai Loan officially announced the completion of the C round of financing, and once again became the first online lending platform in the domestic online lending industry to complete the C round of financing. The C round of financing was jointly led by Junlian Capital, a subsidiary of Legend Holdings, and Heiner Asia, followed by VMS Lenovo Investment Fund I, Sequoia Capital and Lightspeed Anzhen China Venture Capital.

From 2065438 to August 2005, Paipai Loan and Sunshine Property Insurance Group reached a strategic cooperative relationship, and the two sides will carry out extensive and in-depth cooperation in the fields of transaction fund security and anti-money laundering. This is the second cooperation with insurance companies after taking the lead in industry payment and bank custody cooperation to further ensure the safe and stable operation of the platform.

2065438+On September 8, 2005, Wuxi Paipaidai Financial Information Service Co., Ltd., the first wholly-owned subsidiary of Paipaidai, officially settled in wuxi new district. Wuxi Paipai Loan will serve as the core operation service center of the platform to provide users with better financial services.

2015165438+124 October, China Merchants Bank announced that it had reached a cooperation agreement with Paipai Loan on the online credit lending transaction depository service, and China Merchants Bank would provide full-program account fund transfer service.

20 16 On March 25th, China Internet Finance Association was elected as the governing unit at the inaugural meeting and the first member representative meeting held in Shanghai. China Internet Finance Association was founded by the People's Bank of China, China Banking Regulatory Commission, Payment and Clearing Association and China Securities Regulatory Commission, and was approved by the State Council. The association, led by the central bank, aims at self-discipline management of the Internet finance (ITFIN) industry.