Chinese Fintech Companies Moving beyond Online Lending

A new trend in China. More technology companies that power and enable financial service companies are sprouting, growing and maturing fast. Chinese Fintech companies are moving beyond alt lending. Here are 4 Chinese Fintech companies recently IPOed or to IPO in either the U.S. or Hong Kong, which are worth learning about.


An independent technology platform enabling financial services, which provides customized modular fintech solutions to institutions and their customers. Serving industries include finance, online travel, e-commerce, offline retail payment and business lending. It provides solutions for consumer finance, SME loans, wealth management and robo-advisory, and online insurance.

Headquartered in Beijing.

IPO: Nasdaq, 10/2018

An independent open platform which discovers and recommends financial products. Using big data, AI and machine learning, it provides users with personalized recommendations tailored to each user’s particular financial need and credit profile. It also provides solutions to financial service providers enabling them to reach and serve their target customers more effectively through online and mobile channels.

Headquartered in Shenzhen, Guangdong Province

IPO: NYSE, 11/2017

51 Credit Card

The company offers personal financial tracking and credit management apps, generating revenues from consumer loans and credit cards issued to its app users by the company or third-party financial institutions. Its lead investors include GGV.

Headquartered in Hangzhou, Zhejiang Province

IPO: Hong Kong, July 2018


Wacai provides diversified personal financial services via mobile apps. Wacai began its business with providing a wide range of free online personal financial services apps, including bookkeeping and credit card bills management. Its registered users are estimated over 47 million. Warburg Pincus invested in Wachai in 2017. The company is believed to be making plans for overseas IPO either in 2018 or 2019.

Headquartered in Hangzhou, Zhejiang Province

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