Top 10 Chinese Fintech Startups

top chinese fintech startups

Unprecedented growth of fintech in China has caught attention of investors, companies and users all over the world. Not even  a decade ago China was known as a cash intensive economy. Astonishingly, now if you analyze the Fintech ambience and growth factors evolved in China, there is not much of a competition. As a result, China leads the world in terms of usage of various online services. 

In this article, we shall explore some of the top chinese fintech startups that have not only created a strong foothold on the Chinese soil, but are also exponentially expanding towards catering users all over the world.

1. Ant Finance 

The startup, Ant Finance, inaugurated in the year 2004, is one of the leading fundraising companies in China. The “ant” name possesses the significance of serving over small businesses. It aims upon the strategy of technology which enables the audience  in China to continue its demanding approach through Taobao. It offers services like internet banking, online payment.

By analyzing the Ant  Finance we come to know that it quietly engages out with 450 million annually which have actively participated. The ant finance is successfully grasping and leading in topmost growth in the online payment business of Alibaba that is Alipay. Alipay configures the transactions made over-demanding and supplying process over the internet. Ant finance is getting out with successful dealing in money and has been considered to go public with an IPO.

2.Bitmain technology 

The leading producer of the world’s best plan over the ASIC chips offered for Bitcoin is the BITMAIN  Technology. It was inaugurated in the year 2013, later on BITMAIN Technology successfully adopted 80% of the market share of Bitcoin machines in 2015 . It has been successfully engaged with the field of AI and increased power consumption speed. It lends out mining machines to the client. BITMAIN is a privately owned company here in China.

3. JD Finance

JD Finance aims at strategies of supplying consumers product over a way which could outreach their services. It grabbed out 3 positions in stating internet companies over the world. It is also engaged in rendering its services globally the network here created by JD finance is circulating successfully all over China whether it is rural or urban aspects. It inhibits 150k employment opportunities here in China. Their dealings are quite effective efficient which aims to be the best from others. They are engaged with AI, Robotics, autonomous vehicles which builds a huge way of success here in China. It builds up its successful network over China through drones that reach out to its customers. It collaborated with the Tencent Google

4. Lufax

Shanghai Lujiazui International Financial asset exchange Cooperative Limited was first started in the year 2011. The startup is  cent percent online financial service based and has offered investors and its customers the best investment and best quality product aiming at low budget and low risk. It collaboratively has an attachment with its ping and group. It has successfully designed its team with highly skilled, efficient, and effective working strategies. It has grabbed out it’s success by enabling the services over the Global aspects. The Lufax in China accelerate the marketing process and ranks as the best Internet financing industry in China. Lufax work on interest of the customers’ money. By providing a luxurious supplying process efficient and faster Network in China.

5. Ping An Technology 

Ping An Technology is a highly developed and is one of the efficient and effective massive build-up technology here in China. It is one of the  32 companies included in Ping and Groups. This company aims at the strategy of rendering out the services for only there sector but back 5 years Ping An Technology is successful in serving out the services over the other companies which inculcate 40 of the bank too. they usually enable the peer to peer lending services over AI Technology aims upon the human’s strategy It helps to analyze the behavior of humans while driving and then they get a services rendered process active. It works like if you are accused of an accident then you must take a picture over damage part and then get the money into your bank only recommended it also has its use in medical work too.

6. Dianrong 

Dianrong the company was inaugurated in the year 2012 it has its headquarters here in Shanghai in China it successfully renders out its services over the globe to the borrowers and the lenders it is one of a leading peer-to-peer lending company. There are  711231 investors here in Dianrong It renders out its services over the small consumer. It certainly gives lend the money to borrowers over the large way It aims at the strategy of accepting and that of to be lending in somewhat all the cases It enables the user’s here to well sustain up their schedule by approaching the company of Dianrong. 

7.Tencent 

One of the largest gaming companies in the world and lead out to be ruled over the world by rendering its services. It creates its collaboration with Apple, Amazon, and Facebook. It is quietly efficient in engaging the services over the globe like payment services. The Tencent company holds more than 11000 %. The companies aim at satisfying the user’s needs and built up their progress by enabling images, text message services. Tencent has successfully invested in many companies. Tencent is the largest and biggest game publisher in the globe. Tencent is being by reputed companies in China.

8.Tiger Brokers 

Tiger broker is a leading Fintech startup here in China inaugurated in the year 2014 is the best, efficient leading electronic brokerage. It certainly deals with the low commission, better execution price, It aims at lending out interest on the loan is comparatively less than that of others. These recommended things aim at the future strategy over China. The broker has started a monthly metric they charge a high rate of interest over the investment. They run out the schedule operation aiming at a huge reputation over China by inculcating the theory of paying more to lenders and less over the borrowers. The customers can hear by analyzing the past year performance over without getting backed with any of charge. Tiger Broker salso recently joined the illustrious list of Fintech unicorns from Asia.

9.Du Xiaoman financial

Du Xiaoman’s financial company coined up in the year 2015 it strikes upon to lead up the financial services over the big deal worldwide. It deals with the short term and medium-term projects here in China. To work within and sometimes without the interest of its and play actively in statistic data over the globe. It built up its status by using by accusing towards a privately owned managed controlled startup here in China. It lends out its fund over the short managerial skill ruled here in China it incurs its specialty by providing loans it is near about 6000 employees over the fixed period and gets huge Managerial skill throughout the schedule plan. It aims upon higher efficiency its main motive is to maximize the earning that is profit-making ideology over the country. It is also referred to as Baidu Financial Service. It has successfully grabbed out its investment theory in the Harbin consumer finance previous year it is mainly engaged out its production with about smartphones which lead to aiming minimum costing rates here by influences the consumer due to their well-managed skills efficiency effectiveness and etc. It has successfully turned to enable the funds for  raising term to be dollar 4.8B Du Xiaoman finance startup in China ever which step forward to work within the interest of their customer aims of maximizing a rate of profit over the tenure here in China and worldwide too.

10. Renrenxing Technology

Renrenxing Technology is a prominent start-up that develops mobile applications for the purpose of  lending money. The company is operating on the basis of Jiedaibao, which is basically functioning to lend and borrow money from family and friends. Jiedaibao officially began it’s functioning in 2015. The best part is that the app allows the user to decide the interest rates and tenure. It generates the e-contract and maintains the record in the app. It also reminds you of the payment dues. This startup gained plenty of users from its initial years onwards. The usage of the app was found to be helpful and secure. This was indeed the need of the hour. Lending and borrowing money is like a tradition for many years between close ones.

When pitching on a global level, these startups would undoubtedly be subjected to the regulations, laws of the countries they have ventured into. However, the overall technology, shall still pose a threat to the native startups.

Consistently evolving, offering solutions and improving them regularly, and having a top notch customer service: these few elements are those which let a fintech startup thrive. The Chinese, being consistent with them, are indeed an exemplification for the world.

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