SHANGHAI, Jan. 18, 2019 /PRNewswire/ -- China Rapid Finance
Limited ("XRF" or "the Company") (NYSE: XRF), operator of one of
China's largest consumer lending marketplaces, today announced that
it was named as one of the "2019 China New
Finance Top 50" by Hurun Report. The Hurun Report,
founded by Rupert Hoogewerf in 1999,
is a magazine best known for its "China
Rich List", a ranking of China's wealthiest individuals.
The top 50 list was selected through a rigorous approach based
on a matrix of eight measurements that included company scale,
growth, fund raising, industry leadership, risk control, media
coverage, staffing, and user impressions. China Rapid Finance is
one of the ten online lending companies that were named as the
"2019 China New Finance Top 50"
players.
"We are honored to be recognized for the fourth consecutive year
by the Hurun Report in its top 50 list," said Russell Krauss, co-Chief Executive Officer and
Vice Chairman of the Company. "The past year was challenging for
the P2P lending industry, so we increased focus on our customers
and product innovation. Recognition as one of the leading players
in the new finance sector reinforces the confidence in our
leadership position during this period of industry reform."
About China Rapid Finance
China Rapid Finance operates a leading online consumer finance
marketplace in China, facilitating
millions of loans annually. The Company deploys machine learning
and proprietary decision technology to facilitate affordable
digital credit for one of the world's largest untapped consumer
credit markets: China's mobile-active consumers. China Rapid
Finance utilizes its proprietary, mobile-first technology to
efficiently select creditworthy consumers for its platform. The
Company facilitates smaller, shorter-term initial loans to these
qualified consumers and then enables larger, longer-term loans for
returning borrowers who demonstrate positive credit behavior. This
differentiated strategy positions the platform to attract and
retain high quality consumers who generate significant customer
lifetime value. China Rapid Finance was founded by Dr. Zane Wang, who has decades of consumer credit
experience in the U.S. and China, and is governed by a global board
of directors. For more information, please visit
http://ir.crfchina.com.
Safe Harbor Statement
This announcement contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements are made under the "safe
harbor" provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These statements can be identified by terminology such
as "may," "will," "expects," "anticipates," "aims," "future,"
"intends," "plans," "believes," "estimates," "likely to" and
similar statements. Among other things, quotations from management
in this announcement, China Rapid Finance's financial outlook as
well as China Rapid Finance's strategic and operational plans
contain forward-looking statements. China Rapid Finance may also
make written or oral forward-looking statements in its reports
filed with, or furnished to, the U.S. Securities and Exchange
Commission, in its annual reports to shareholders, in press
releases and other written materials and in oral statements made by
its officers, directors or employees to third parties. Statements
that are not historical facts, including statements about China
Rapid Finance's beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: unexpected
difficulties in China Rapid
Finance's pursuit of its goals and strategies; the unexpected
developments, including slow growth, in the consumer lending
market; reduced demand for, and market acceptance of, China Rapid
Finance's products and services; difficulties keeping and
strengthening relationships with borrowers or investors;
difficulties of expanding data and channel partnerships,
potentially costly servicing activities; competition in the
consumer lending market; PRC governmental regulations and policies;
and general economic and business conditions in the regions where
China Rapid Finance provides products and services. Further
information regarding these and other risks is included in
China Rapid Finance's reports
filed with, or furnished to, the Securities and Exchange
Commission. All information provided in this announcement and in
the attachments is as of the date of this announcement, and China
Rapid Finance undertakes no duty to update such information except
as required under applicable law.
Investor Relations Contacts:
Internal:
China Rapid Finance
Marlene Pan
Director of Investor Relations
Tel: +86 (21) 6032-5999
Email: IR@crfchina.com
External:
The Blueshirt Group
Gary T. Dvorchak, CFA
Tel: +1 (323) 240-5796
Email: gary@blueshirtgroup.com
View original
content:http://www.prnewswire.com/news-releases/china-rapid-finance-named-2019-china-new-finance-top-50-by-hurun-report-300780739.html
SOURCE China Rapid Finance