PR Newswire (paid press release):
BEIJING, Dec. 13, 2017 /PRNewswire/ — Yirendai Ltd. (NYSE: YRD) (“Yirendai” or the “Company”), a leading fintech company in China, announced today that it has made a strategic investment in Lion Rock, a comprehensive financial services platform that is focused on global asset allocation, through Lion Rock’s Series A financing of HK$50 million.
Lion Rock is headquartered in Hong Kong and offers a wide-variety of high-quality financial products, financial news, robo-advisory services as well as asset allocation services through its online platform. Lion Rock aims to provide economic, safe, fast, convenient, superior and personalized professional financial services to Hong Kong, mainland China and global investors.
Lion Rock is licensed by the Hong Kong Securities and Futures Commission to carry out regulated activities including Type 1: Dealing in Securities, Type 4: Advising on Securities and Type 9: Asset Management under the Securities and Futures Ordinance of Hong Kong. Lion Rock has two wholly-owned subsidiaries: iFund and Lionfin. iFund is Hong Kong’s largest self-service online fund trading platform and carries over 1,000 funds from over 50 different Hong Kong and international asset management companies. Lionfin is an information platform that provides timely global financial news as well as comprehensive information on wealth management products to investors.
“We are very pleased to be Lion Rock’s strategic investor,” commented Ms. Yihan Fang, Chief Executive Officer of Yirendai. “As a leading fintech company in China, our Yiren Wealth platform is committed to providing quality online wealth management services to the mass affluent population in China. Yiren Wealth and Lion Rock will create synergies in multiple areas, including providing richer wealth management assets to our customers as well as cross-regional and cross-products asset allocation services.”
Dr. Maofeng Chen, Executive Chairman of Lion Rock’s Board of Directors commented “We are very honored to have won a strategic investment from Yirendai. In the future, Lion Rock will partner with Yirendai and leverage our respective strengths in product, technology, resources, operations and personnel to build a leading fintech services platform in Asia, to better serve investors in Hong Kong, mainland China as well as around the world.”
Yirendai Ltd. (NYSE: YRD) is a leading fintech company in China connecting investors and individual borrowers. The Company provides an effective solution to address largely underserved investor and individual borrower demand in China through an online platform that automates key aspects of its operations to efficiently match borrowers with investors and execute loan transactions. Yirendai deploys a proprietary risk management system, which enables the Company to effectively assess the creditworthiness of borrowers, appropriately price the risks associated with borrowers, and offer quality loan investment opportunities to investors. Yirendai’s online marketplace provides borrowers with quick and convenient access to consumer credit at competitive prices and investors with easy and quick access to an alternative asset class with attractive returns. For more information, please visit yirendai.investorroom.com.
For investor and media inquiries, please contact:
Hui (Matthew) Li
Director of Investor Relations
SOURCE Yirendai Ltd.
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