Chinese Microlender, Qudian, Could Go Public in 2017

Qudian, a financial firm that started as microlender Qufenqi, is sending signals of a possible 2017 IPO, according to Seeking Alpha; according to the reporting, Qudian has hired a foreign CFO and an investment bank, both typical developments for a company looking to go public within the next year; while the company originally focused on small student loans for items like computers or books, they now have broadened their scope and are a consumer lender; loan sizes are still small, about 1,000 yuan ($150) each, but they are on pace for close to $5.5 billion in total originations this year.  Source

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]