Qfin Holdings, Inc. (3660)

Overview

Qifu Technology, Inc., operating through its subsidiaries, is recognized for its credit-tech platform, branded as 360 Jietiao, within the People's Republic of China. Originating from its former name, 360 DigiTech, Inc., the company transitioned to Qifu Technology, Inc. in March 2023. Established in 2016 and positioned in Shanghai, Qifu Technology focuses on offering credit-driven facilities that seamlessly connect borrowers with various financial institutions, catering primarily to financial institutions, consumers, and small- to micro-enterprises across the region.

Products and Services

The spectrum of offerings from Qifu Technology, Inc. revolves around facilitating credit availability and financial inclusion through innovative solutions:

• Customer Acquisition and Credit Screening:

  This entails a comprehensive process of identifying potential borrowers and conducting initial and credit screenings to determine their creditworthiness. This helps in effectively matching borrowers with the appropriate financial institutions.

• Advanced Risk Assessment and Credit Assessment:

  Through the use of an intelligence credit engine, Qifu Technology performs sophisticated risk assessments and credit evaluations to ensure the reliability and accountability of the borrowing process.

• Fund Matching and Post-facilitation Services:

  Qifu Technology excels in pairing borrowers' needs with the right financial products and continues to provide support through various post-facilitation services, ensuring a seamless loan cycle.

• Platform Services:

  Including loan facilitation and post-loan services, these are delivered to financial institution partners underpinned by the company’s intelligence credit engine. This encompasses referral services and a risk management software-as-a-service (SaaS) solution, enabling institutions to manage loan portfolios effectively and mitigate potential risks.

• E-commerce Loans, Enterprise Loans, and Invoice Loans:

  Qifu Technology provides a diverse range of loan products catered to small and medium-sized enterprise (SME) owners. This variety ensures that various financing needs, from e-commerce operations to enterprise expansions and invoice financing, are met effectively and efficiently.