BEIJING, June 19, 2018 /PRNewswire/ -- Yirendai Ltd.
(NYSE: YRD) ("Yirendai" or the "Company"), a leading fintech
company in China, announced today that Goldman Sachs, a
leading global investment banking firm, has provided the Company
with RMB 324 million of funding for a
term of 3 years.
"We are very excited to see the substantial progress we have
made in developing institutional relationships," commented Mr.
Dennis Cong, Chief Financial Officer
of Yirendai. "This funding facility demonstrates Goldman Sachs'
recognition of our proven operating capabilities and leading
position in the industry. We remain committed to working with more
financial institutions to better address the under-served financing
needs of the prime population in China."
About Yirendai
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 ir.yirendai.com.
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SOURCE Yirendai Ltd.