STARTUP PROFILE

Shuaidanbao

Updated: 03/2017

Shuaidanbao

China / Beijing , China

Series A 07/2015

Pitch

Linking micro-credit intermediaries to lenders, this online tool facilitates quick loan processing, without the lengthy paperwork; commission is automatically paid to the intermediary’s bank account.

Why

SME demand unmet

Many Chinese SMEs need loans, but banks can only meet 10% of the demand.

Traditional micro-lenders’ inefficiencies

Before the rise of internet technology, loan processing in this sector was convoluted and slow.

Market

RMB 15 trillion

Estimated volume of China’s consumer credit in 2014, and it's growing rapidly at a 20% annually.

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