| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
70 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
111 |
| Net Income (TTM) (Millions $) |
-178 |
| Cash Flow (TTM) (Millions $) |
-42 |
| Capital Exp. (TTM) (Millions $) |
1 |
Business Description
Weidai Ltd is a Chinese online peer-to-peer (P2P) lending platform that operates under the name Weidai. The company was established in 2011 and is based in Hangzhou, China.
Weidai facilitates borrowing and lending transactions between individuals or businesses who are seeking loans and investors who are willing to provide these loans. The company operates a lending platform that connects borrowers to investors.
The company's lending process is highly advanced, utilizing a proprietary risk management system that evaluates a borrower's creditworthiness based on multiple data points, including credit scores, financial statements, and other risk factors. This system helps to reduce risks for investors and ensures that borrowers receive financing at a fair and reasonable rate.
Weidai provides a variety of loan products to borrowers, including short-term, medium-term, and long-term loans. The company also offers a range of collateralized loans, such as car loans and home improvement loans.
In addition to its lending services, Weidai also provides wealth management services to its investors. With a focus on financial stability and growth, Weidai offers a range of investment products, including fixed-term investments, US dollar-denominated investment products, and floating-rate investment products.
Weidai is up to date with the latest technology and its platform integrates several technologies such as cloud computing, big data analytics, and artificial intelligence (AI). This allows Weidai to quickly and accurately assess risks and provide efficient and effective financial services to its customers.
Weidai has been recognized as one of the leading online P2P lending platforms in China, with a high degree of transparency and trustworthiness. The company has also achieved several accolades in the financial sector, including the China Financial Innovation Award and the China Internet Finance Association's Outstanding Contribution Award.
Overall, Weidai Ltd has established itself as a reliable and secure online platform for borrowers and investors alike, providing high-quality financial products and services to individuals and businesses across China.
Company Address: No. 668, Jianshe 3rd Road Hangzhou 0
Company Phone Number: 571-5697-9013 Stock Exchange / Ticker: NYSE WEI
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