Block box: p2c Credit Better

The advantage of the Peer-to-peer loan investment platform "building Block box" is due diligence, where all projects are inspected separately by the Self-built team and the guarantee company, from ensuring the security of the loan.

P2C (Peer to company) is a peer-to-peer model of a subdivision, the main feature of SMEs for short-term borrowing demand for the provision of operational loans, online under the introduction of financing guarantee companies to participate in security, and generally require a full value mortgage. In this mode, the sum of financing is generally millions of to 10 million, and the cycle ranges from 1 months to 1 years.

When it comes to the typical business of P2C credit, the love investment we've introduced is one example. The building block box, which was launched in August this year, is an Up-and-comer in the field, with 12-week cumulative loans exceeding 55 million per cent.

With love investment similar, the building block box financing project all by the licensed Financing guarantee Company carries on the full principal and interest guarantee, the tender starts the next day the accrual basis (the general Peer-to-peer platform after the full mark only then pays interest), the repayment method for the installment interest, the maturity repayment principal, the annual rate is about 13% In the target population, the middle class, which has a certain investment analysis capability and idle assets, is unable to participate in the Trust scheme (threshold 1 million).

Although the pattern is similar, but the starting point of the building block box is somewhat special: Founder Dong Jun is a Wall Street multinational bank, after returning home in a financing guarantee company (that is, the current building block box partner) as a professional manager. Dong Jun's last venture is the company, which provides due diligence and data consultancy services to finance companies and financial institutions through a set of mobile data acquisition tools + data processing systems. Since last year, the company's data platform has done more than 700 companies, and this year began to rely on data to do trading mode-first service B-end to cultivate data acquisition and processing capacity, and then transition C-end to do Peer-to-peer platform, this development path is still relatively rare.

In fact, in the building block box team, their biggest advantage is also due diligence in this aspect. The Block box showed me two reports of the report are 4, 50 pages long, the survey content is also more detailed. At the same time, all the items in the building block box will be inspected by the Self-built team and the guarantee company respectively. However, this is only a transitional form, the next part of the line will gradually be outsourced to the guarantee company.

In addition, although the target user group is more consistent, but the starting amount of the building block box is 100 yuan (love investment, the incremental amount is 10,000 yuan), basically no investment threshold. And for the use of enterprise funds, love investment is relatively strict earmarked, building blocks are more flexible--in Dong Jun's view, the majority of corporate borrowings to replenish liquidity, although the loan after the use of funds to do follow-up, but not too restrictive.

At present, the core of the building block box has a total of 5 people, including Dong Jun members are financial, IT, Internet professional entrepreneurs or investors, in their respective fields have a relatively deep accumulation. The company currently employs 60 people, half of whom are involved in project and risk management. In the next stage, the building block box will expand in the service partner, the coverage area, the effort optimizes the compliance and the risk control system and the introduction some innovative products, the creditor's rights transfer service will then on-line.

It is interesting to say that, as one of the ancestors of Peer-to-peer lending, the lending Club is a typical pure online model. At home, this period of time we have access to the Peer-to-peer project but with the online platform + offline guarantee agencies, and development seems to be very rapid. Block Box Online 3-month cumulative loan 55 million, love investment 8 months to do 275 million. Then look at the online small loans with the benefit of cooperation network, in the recent cumulative loan breakthrough 260 million at the same time, also got the soft silver Chinese capital of tens of millions of dollars level of financing. Imagine the popularity of similar patterns.