Renrendai Believes they will Thrive after the Regulatory Shakeout in China

P2P lender Renrendai believes they are well positioned to survive and eventually thrive after the regulatory crackdown in China ends; the company matches small businesses with investors, which is not under the same level of scrutiny as consumer p2p platforms but are still feeling the pain; there are about 1,000 p2p platforms still operating in China according to Wangdai Zhijia, though that number is expected to drop significantly; they are still seeing strong demand for credit and have said that financing small businesses is supported by the government. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.