Company Information

Get to know China Rapid Finance

Founded in 2001 by Dr. Zane Wang, China Rapid Finance initially focused on providing credit analytics to Chinese banks. It later evolved into one of the country's largest and longest-running online consumer lending marketplaces, connecting individual borrowers with investors. The company had a significant IPO on the New York Stock Exchange (NYSE) in 2017 under the ticker "XRF". However, following a severe regulatory crackdown on the P2P lending industry in China and significant financial difficulties, the company was delisted from the NYSE in 2020. It subsequently filed for Chapter 11 bankruptcy in the U.S. in July 2022 and was acquired by SOS Limited (NYSE: SOS), which has shifted the business focus entirely away from P2P lending to blockchain technology and cryptocurrency mining.

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China Rapid Finance

China

Founded in

2001 (25 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.