Phone: (China) 400-680-8888 (Overseas) +86 021-33328628Web url: http://www.niwodai.com/Address: 17-20F, 26F, NO.1 Building, Youyou Century Plaza, NO.428 Yang Gao Nan Rd, Pudong District, Shanghai, China
Sector :Financial Services
Industry :Credit Services
Sub-Industry :Consumer Finance

Founded in 2011, Shanghai Niwodai Financial Information Services Co. Ltd. is one of the largest individual finance marketplaces in China in terms of transaction volume. A subsidiary of Shanghai Jiayin Financial Information Service Co. Ltd., the company is controlled by founder Mr. Dinggui Yan.

Based in Shanghai, the company operates an internet-based finance platform that specializes in facilitating mid- to long-term consumer loans with an average term of 12 months or more. The company's products include online standard loan products with fixed terms and repayment schedules generally ranging from RMB5,000 to RMB30,000 via the Niwodai borrower app and our website. By connecting individual investors and individual borrowers, Niwodai collects service fees from borrowers in connection with the loan facilitations and post- origination services. The company does not use its capital to invest in loans and uses third parties to operate a loan assurance program for investor. It introduced a secondary loan market where investors can sell their loan assets to other investors.

Since its inception through June 2018, Niwodai has facilitated loan transactions for more than 4.3 million borrowers. With transactions for more than 255,000 investors and 1.85 million borrowers, Niwodai saw its number of borrowers increase more than twelvefold from 2016 through 2017.

In the six months ended June 30, 2018, the total investment volume facilitated by Niwodai was RMB14.6 billion ($2.2 billion), of which 95.8% was contributed by repeat investors. In all, more than 2.57 million investment transactions were made by 255,000 investors during that period.

Net revenue grew 280.8% from RMB591.1 million in 2016 to RMB2,250.9 million ($340.2 million) in 2017. Net income was RMB539.5 million ($81.5 million) in 2017, as compared with the net loss of RMB389.8 million in 2016.

For the first six months of 2018, net revenue grew by 114.7% to RMB1,663.5 million ($251.4 million), from RMB 775 million for the same period of 2017.

In China:

Bei Bai

Investor Relations

Niwodai Financial Information Services Co. Ltd

Email: baibei@niwodai.net

Tel: 021-61908020

In the United States:

Peter H. Frank

JinPing Media Group

Email: peter.frank@jpm.us

Tel: +1-650-799-7109