Shanghai Paipai Financial Information Service Co., Ltd., a well-known brand of Internet financial management, a P2P online credit lending platform, and a governing unit of the Internet Finance Association of China, focuses on credit borrowing and investment and wealth management services
Founded in June 2007, the full name of the company is "Shanghai Paipai Financial Information Service Co., Ltd.", headquartered in Shanghai, an international financial center, is an online information lending platform.
Paipai is an Internet financial platform approved by the Ministry of Industry and Commerce, approved for the business scope of "financial information services", and recognized by the government. With advanced concepts and innovative technologies, Paipai has established a safe, efficient and transparent Internet financial platform to standardize personal lending behavior, so that borrowers can improve their production and life, and lenders can increase investment channels. We believe that with the development of the Internet and the improvement of China's personal credit system, advanced concepts and innovative technologies will bring historic changes to private lending, and Paipai will be the leader of this change.
As of December 2016, the platform has 30 million registered users, and occupies a high position in the industry in terms of brand influence, number of users, and platform transaction volume.
In October 2012, Paipai became an online lending platform that completed Series A financing, and received tens of millions of dollars of investment from Sequoia Capital. In April 2014, Paipai Loan announced the completion of its Series B financing at the Diaoyutai State Guesthouse in Beijing, with investors including Lightspeed China Partners, Sequoia Capital and NYSE-listed Noah Wealth. In April 2015, Paipai officially announced the completion of the C round of financing, once again becoming the domestic P2P industry to complete the C round of financing of the online loan platform, the C round of investment investors are: Legend Capital under Legend Holdings and Haina Asia co-led investment, VMS Legend Investment Fund I, Sequoia Capital and Lightspeed Anzhen China Venture Capital Fund and other institutions followed.
