Shenzhen Installment Network Technology Co., Ltd. has created a domestic Internet small and micro consumer finance business model, a relatively large Internet financial service platform for young people, focusing on Internet consumer financial services for young people
Founded in Shenzhen in 2013, Shenzhen Installment Network Technology Co., Ltd. (www.fenqile.com) is a leading Internet consumer financial service provider in China and one of the first council members of the Internet Finance Association of China.
After more than two years of operation, Installment started from the campus and created a number of consumer finance scenarios such as 3C digital, sports and outdoor, washing and beauty, education and training, eating, drinking and playing. Users span mainstream consumer groups such as campuses, white-collar workers, and blue-collar workers. On the capital side, Installment has a number of rich and stable capital cooperation channels such as orange wealth management, ABS, and banks. Through the establishment of platforms such as Installment Mall, Orange Wealth Management, and Dingsheng Asset Management, Installment has initially completed the ecological layout of Internet consumer finance.
At present, the number of registered users has exceeded 10 million, and its business covers 31 provinces, cities and regions across the country. In 2015, the annual sales of Installment exceeded 10 billion yuan, making it the fastest Internet company in China to achieve annual sales of more than 10 billion yuan. In January 2016, the asset-backed securities of "Harvest Capital - Installment Le No. 1 Asset-Backed Special Plan" completed the asset delivery, and Installment Le became the first company in China to successfully issue standard ABS with an interest rate of 5.05%.
In August 2013, the business model of Installment Le has been sought after by the top venture capital in the industry, and in August 2013, Installment Le obtained an angel round of financing from Huaxing; In March 2014, it received tens of millions of dollars in Series A financing led by Matrix Partners China; In December 2014, it received $100 million in Series B financing led by DST (Digital Sky Technologies) and followed by Bertelsmann and others. In March 2015, it received the C round of strategic investment from Jingdong Group. In June 2016, it received the first round of financing of US$235 million in Series D led by Huasheng Capital, CoBuilder Partners and a large domestic insurance institution.
