INNOVATION AT YOUR FINGERTIPS
Updated: 12/2018
Shenma
China / Shanghai , China
Pitch
Shenma, which uses new data sources to check rural borrowers’ credit, has made more than 10 billion loans to vehicle dealers and customers.
Why
Poor rural lending services
Traditional lending services don’t want to loan money to rural borrowers without verified credit histories.
Dealers absorb the debts
Dealers lend money to rural customers to sell vehicles but repayment isn’t guaranteed.
Market
Hundreds of billions of RMB
The rural transportation market is valued at hundreds of billions of RMB.
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