Rongjinsuo

About Rongjinsuo

Rongjinsuo, founded in 2013, operates as an online peer-to-peer (P2P) lending platform headquartered in Shenzhen, China. The company functions within the financial software and FinTech sectors, providing private credit lending services primarily to individuals and small to medium-sized enterprise (SME) owners. The platform is designed to offer accessible capital to those with immediate financial requirements.

The core of Rongjinsuo's business is its P2P lending solutions, which encompass a variety of loan types. These include personal short-term loans, as well as mortgage and automobile-secured loans. The platform facilitates connections between borrowers and lenders, aiming to provide a streamlined process for obtaining credit. Its business model is centered on generating revenue through the fees associated with these lending services. The company emphasizes a flexible fee structure and transparent terms to its clients.

In a significant milestone, Rongjinsuo secured $23.3 million in a Series A venture capital funding round on January 29, 2018. This investment was made by Tianye Group, a corporate investor that now holds a minority stake in the private company. The capital raised supports the company's ongoing operations and growth within the competitive Chinese FinTech market.