Qifu Technology, Inc. American Depositary Shares (QFIN)

Overview

Qifu Technology, Inc., initially known as 360 DigiTech, Inc., represents a pivotal entity in the realm of credit technology within the People's Republic of China, operating predominantly under the 360 Jietiao brand. Since its establishment in 2016, the company has evolved to construct a platform that intricately binds borrowers with financial institutions, thereby streamlining the process of customer acquisition, credit screening, and risk assessment. With its headquarters in Shanghai, Qifu Technology endeavors to cater to the diverse needs of financial institutions, consumers, and small- and micro-enterprises, leveraging its profound expertise in the field. In March 2023, the entity underwent a significant rebranding from 360 DigiTech, Inc. to Qifu Technology, Inc., marked by its unwavering commitment to revolutionizing credit technology services in China.

Products and Services

• Credit-Driven Services:

  Qifu Technology extends an array of credit-driven services that primarily focus on matching borrowers with financial institutions. This comprehensive suite includes customer acquisition, initial and credit screening, advanced risk assessment, and credit assessment. Moreover, it encompasses fund matching and a variety of post-facilitation services, demonstrating the company’s holistic approach to credit management and facilitation.

• Platform Services:

  The company’s platform services are designed to bolster the capabilities of financial institution partners through the provision of loan facilitation and post-facilitation services. Utilizing an intelligence credit engine, these services not only aid in efficient referral but also innovate risk management through software-as-a-service (SaaS) solutions. This strategy enhances operational efficiency for Qifu Technology’s partners, enabling them to navigate the credit landscape with greater proficiency and security.

• E-commerce Loans:

  Recognizing the booming e-commerce sector, Qifu Technology offers tailored loan solutions for businesses thriving in the digital marketplace. These e-commerce loans are crafted to address the unique financial needs of online businesses, facilitating their growth and operational scalability.

• Enterprise Loans:

  In its bid to support the broader business ecosystem, Qifu Technology provides enterprise loans. These financial products are aimed at empowering larger business entities, by offering them access to necessary capital for expansion, innovation, or day-to-day operations, thereby contributing to their sustainable growth.

• Invoice Loans:

  Targeting the financial gaps faced by small- and micro-enterprises (SMEs), Qifu Technology also delivers invoice financing solutions. This service enables SME owners to leverage unpaid invoices to secure immediate operational capital. By doing so, SMEs can better manage their cash flow and financial health, especially in periods of growth or seasonal demand fluctuations.