The favorable network formally signed the capital injection agreement with SoftBank China

Absrtact: This afternoon, the Peer-to-peer financial platform beneficial network formally and SoftBank China Capital (SBCVC) signed the injection agreement, access to a favorable network since the first round of financing, the scale reached tens of millions of dollars. The benefit net is on February 25 this year, the total turnover is now over 260 million yuan

This afternoon, the Peer-to-peer financial platform to facilitate the network formally with SoftBank China Capital (SBCVC) signed the injection agreement, access to a favorable network since the first round of financing, the scale reached tens of millions of dollars. The beneficial net February 25 this year on-line, the current total turnover has exceeded 260 million yuan, the registered user is close to 100,000, the user manages the total income to exceed 5 million yuan.

As a Peer-to-peer financial platform, the advantageous network locates the ordinary investor, the minimum 50 yuan can participate in the investment, at the same time to the investor promised 12% annual return (equal to 30 times times the bank current income) as well as 100% principal and interest guarantee, caters to the populace user to the low threshold, the high income financing product demand, has already launched the fixed Monthly two products.

The borrower side, the favorable network positioning financing needs less than 60,000 of small micro-enterprises, and through the offline microfinance companies to transfer bad debt risk, now and the letter, credit, credit, three microfinance companies reached cooperation. Line under the combination of the model is also a good network with everyone to lend, Pat Credit and other Peer-to-peer financial platform the biggest difference.

Liu Yannan, co-founder and CEO of the network, worked at investment bank Merrill Lynch last year and returned to form a team that now has more than 70 team members. This June, the network also formed a special advisory committee, the Chinese economist Chen, Lenovo Holdings Limited vice president Hony was invited to join.