YRD
- Yiren Digital Ltd.
()
Overview
Company Summary
Yiren Digital Ltd. (YRD) is a Chinese fintech company that primarily operates through its online marketplace platform, Yiren Wealth. The company aims to bridge the gap between borrowers seeking credit and investors looking for investment opportunities.
YRD provides a range of financial products and services to individual borrowers, small and medium-sized enterprises, and institutional partners. Through their platform, borrowers can access loans for various purposes, such as personal loans, home improvement loans, education loans, and business loans. The loans are funded by a network of individual and institutional investors seeking to earn a return on their investment.
YRD utilizes advanced technology and data analytics to assess the creditworthiness of borrowers, facilitating faster loan approvals and disbursements. They have implemented risk control measures to minimize default rates and ensure investor protection. The company aims to provide convenient and affordable borrowing options to individuals who may not have access to traditional banking services or prefer the ease of online lending.
Apart from their lending platform, YRD also operates Yirendai, which is a mobile application offering a range of financial products and services such as wealth management products and insurance services. They have diversified their offerings to cater to the evolving needs of their customers and expand their revenue streams.
Overall, Yiren Digital Ltd. operates as a fintech company, leveraging technology and data to provide lending services to individuals and small businesses through their online marketplace platform. They strive to create a transparent and efficient ecosystem for borrowers and investors, facilitating financial inclusion and access to credit in China.