What is Qudian?

“Beijing–based Qudian, recently completed US$ 9–digit Series E funding round and will soon announce investors and specific funding amounts. We also rolled out a new product, ‘Quzu,’ which allows users to pay their apartment rent in installments.” - Luo Min

At a Glance 

Tagline: Zero down payment installments

Located: China

Year Founded: 2014

Key People: Luo Min, Founder and CEO Yang Jiakang, CFO

Website: http://qd.qufenqi.com/

Category: Lending

Ownership: Private

Company Description

Qudian is a student Micro-loan Site, an installment payment and investment management platform. Qudian Group operates two main business platforms: a consumer finance platform and a micro credit lending platform. Its aim has been to broaden the scope of financing available to the many consumers in China that do not currently use credit cards. 

The company has a substantial number of registered users and offers credit to young and middle aged consumers. The group has established several formal partnerships with companies engaged in financial services, e-commence, digital services, FMGG and other sectors.