We are a leading digital financial account platform integrating and personalizing financial services in China with our footprint expanding overseas. We provide a comprehensive range of financial products and services across loan products, online wealth management products, and payment facilitation, all integrated under a single digital financial account.
According to Oliver Wyman, among the independent marketplace lending platforms in China, we are the largest online consumer finance platform in terms of outstanding loan balance as of December 31, 2018. We leverage technology, a deep understanding of our large user base and strategic partner relationships to create a one-stop experience bringing together borrowers, investors, financial institution partners and merchant partners.
The core of our value proposition is a digital alternative to conventional personal finance offerings which we call One Card ( GRAPHIC ). Around One Card, we have built an ecosystem connecting borrowers, investors, financial institution partners and merchant partners. We offer revolving loan products tailored to the specific spending needs and risk profiles of our millions of One Card users. Our One Card users can utilize their approved credit limits to purchase products from our strategic partners including China UnionPay that has connected more than three million merchants, and from the One Card Mall, our proprietary online shopping platform. Our One Card users can also draw down cash from the approved credit limits to meet other financial needs. We also offer non-revolving loan products that cover key consumption verticals such as home improvement, education, elective medical care services and consumer electronics.
The growth of our business is dependent on our ability to access diversified and scalable funding to meet our borrowers' needs. We have access to both investors and financial institution partners, and have the ability to adjust funding allocation between different sources. As such, we are better equipped to weather seasonality and fluctuations in the supply and cost of funding. We have been developing our direct lending program rapidly since 2018 and intend to cooperate with more institutional funding partners to further strengthen and diversify our funding sources.
Offering Team
Deal Managers
- Credit Suisse
Lawyers
- Skadden, Arps, Slate, Meagher & Flom LLP
Auditors
- Deloitte Touche Tohmatsu Certificated Public Accountants LLP
Pre-IPO Investors
Investors
- Google Ventures
- Intel Ventures
- Patricoff Ventures
- Kleiner Perkins
Pre-IPO Holdings(%)
- 30
- 20
- 05
- 18
Deal Highlights
Deal Tracker
Investors
Filing
15 Aug, 2019Offer
15 Aug, 2019Look Ahead
Lock Up Expiry
15 Feb, 2020Earning
Nov 1, 2018IPO Terms
| Offer Price | $9.50 |
| Offer Size | 8M |