Zichan360

About Zichan360

Zichan360, operated by Beijing Hulian Zhongxin Technology Co., Ltd., is a financial technology company established in 2014 that specializes in the management and disposal of non-performing assets (NPAs). The company leverages technologies such as big data, artificial intelligence, and machine learning to provide comprehensive, full-chain services for the NPA market. Zichan360 serves a client base that includes financial institutions and internet finance companies, aiming to resolve issues related to the disposal and restructuring of bad assets.

The company was founded by CEO Ye Haitao. His vision was to address the inefficiencies and information asymmetry prevalent in the traditional debt collection and asset disposal industry. By creating an online platform, Zichan360 connects creditors with a nationwide network of collection service agencies, streamlining the entire post-loan management process. This data-driven approach facilitates more effective decision-making, risk assessment, and collaboration between upstream and downstream players in the asset management ecosystem.

The firm's core offering is a Software-as-a-Service (SaaS) platform that has evolved to provide complete solutions for managing distressed assets. This system assists clients throughout the pre-loan, mid-loan, and post-loan stages. Its features include intelligent strategy recommendations for debt collection based on debt type and debtor profile, as well as a machine self-check system to ensure compliance and maintain a positive customer experience during the collection process. The business model initially started as an O2O platform for matching services and has since developed into a more sophisticated solutions provider that empowers the entire industry with standardized products. Revenue is generated by providing these technology-driven asset management services. The platform's commitment to speed, security, and transparency has attracted significant investment from prominent venture capital firms. Zichan360 secured Series A financing in August 2015, a Series B round in January 2018, and a CNY 100 million Series C funding round in August 2018, led by Strait Capital Partners with participation from existing shareholder SIG Asia.