China Rapid Finance Ltd
Richard Li joined China Rapid Finance at its inception and now is the Chief Technology Officer of the company. During his early years with China Rapid Finance, Mr. Li and his team developed the first Credit Decisioning System (CDS) in China and Application Processing System (APS), which were used by many banks in China, including Bank of China, China Construction Bank, Huaxia Bank, and China Guangfa Bank. In addition, Mr. Li leads the development of CRF’s IT infrastructure and has built a team of IT experts who are dedicated to maintaining and advancing the company’s technology capabilities. Mr. Li received his Bachelor of Science Degree from Peking University, and a Master of Science Degree in Engineering from the University of Electronic Science and Technology of China.
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China Rapid Finance Ltd
China Rapid Finance Limited is a consumer lending company. The Company, through its subsidiaries, is principally engaged in providing a consumer lending marketplace for lenders and borrowers in the People's Republic of China with predictive selection technology (PST), automated decisioning technology (ADT), and non-credit data analytic and risk-based pricing capabilities. Its target market includes prime and near-prime Emerging Middle-class, Mobile Active consumers (EMMAs). It serves marketplace investors and borrowers both online and through a physical network of over one hundred data verification centers. It offers consumption loans, lifestyle loans and micro-credit lending. The Company generates revenue primarily from transaction and service fees by providing lending-related services. As of March 31, 2017, the Company had facilitated more than 10.7 million loans to more than 1.4 million borrowers.