| Market Capitalization (Millions $) |
172 |
| Shares
Outstanding (Millions) |
175 |
| Employees |
273 |
| Revenues (TTM) (Millions $) |
825 |
| Net Income (TTM) (Millions $) |
217 |
| Cash Flow (TTM) (Millions $) |
-268 |
| Capital Exp. (TTM) (Millions $) |
6 |
Business Description
Yiren Digital Ltd, also known as Yirendai, is a leading Chinese fintech company that primarily operates an online peer-to-peer (P2P) lending platform. The company was established in 2012 and is headquartered in Beijing.
Yiren Digital's online platform connects borrowers, including individuals and small businesses, with investors seeking to lend money. The company employs advanced technology and data analytics to assess borrowers' creditworthiness and facilitate loan transactions.
With a focus on consumer finance, Yiren Digital offers a range of loan products, including personal loans, education loans, and business loans. The company aims to provide accessible and affordable credit to underserved individuals and small businesses, contributing to financial inclusion in China.
Over the years, Yiren Digital has built a sizable borrower and investor base, benefiting from the rising popularity of online lending in China. The company has implemented robust risk management systems to ensure the quality of its loan portfolio and protect the interests of its investors.
Yiren Digital has undergone regulatory changes in China's P2P lending industry, which has led the company to diversify its business. It expanded into wealth management and asset management services, offering investment solutions through partnerships with third-party financial institutions.
As of 2021, Yiren Digital has evolved into a comprehensive fintech platform, with a wide range of financial products and services aimed at meeting the diverse needs of its customers. However, it still retains its core offering of connecting borrowers and investors through its P2P lending platform.
Company Address: 28/F, China Merchants Bureau Building Beijing 100022
Company Phone Number: 5964-4552 Stock Exchange / Ticker: NYSE YRD
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