Weizhong Bank officially opened in 2014 and is the first Internet bank in China. MicroBank focuses on providing more high-quality and convenient financial services for small and micro enterprises and the general public, using financial technology to explore new modes and methods of practicing inclusive finance and serving the real economy, and adhering to compliance with the law and strict risk control. MSB strictly abides by national financial laws and regulations and regulatory policies, and is committed to providing differentiated, distinctive, high-quality and convenient financial services to the general public and micro-enterprises based on compliant operation and sound development.
WeZhongBank has successively launched products such as Microparticle Loan, Micro Business Loan, Micro Car Loan, WeZhongBank App, WeZhong Enterprise Aipu App, Little Goose Spending Money, We2000, etc., and the number of individual customers it serves has exceeded 250 million, and the number of corporate customers has exceeded 1.7 million.
WeZhongBank carries out technological research in the research and application of the underlying algorithms of key core technologies, such as blockchain, artificial intelligence, big data, and cloud computing , and became the first commercial bank in China to receive the qualification of national high-tech enterprise in 2017.
WeCredit Bank has been ranked among the top 100 banks in China, and international rating agencies Moody's and S&P have given WeCredit Bank "A3" and "BBB+" ratings respectively. Forrester, a leading independent research firm, defines Wicresoft as "the world's leading digital bank".
Main products:
WeZhongBank has launched Micro Loan, Micro Business Loan, Micro Car Loan, WeZhongBank App, WeZhong Enterprise Aipu App, Little Goose Spending Money, We2000, etc., in the three major business segments of Mass Banking, Direct Banking and Scenario Banking.
Microparticle Loan:
Microparticle Loan, a fully online, pure credit, pay-as-you-go microfinance product launched by WeZhongBank, has cumulatively issued 460 million loans to more than 28 million customers in nearly 600 cities of 31 provinces, municipalities directly under the central government and autonomous regions, and the cumulative amount of lending has exceeded 3.7 trillion yuan. The cumulative amount of loans disbursed exceeds 3.7 trillion yuan. About 77% of the credit customers of "micro-particle loans" are engaged in non-white-collar service industry, and about 80% of them have college education or below; the average loan amount is about 8,000 yuan, and the interest rate of more than 70% of the closed loans is less than 100 yuan.
MicroBank launched MicroLoan, China's first online unsecured enterprise working capital loan product. More than 70% of the micro-industry loan customers are in the manufacturing, wholesale and retail, and high-tech industries, and more than 60% of them have received their first corporate loans from the bank. Micro-industry loans have served more than 1.7 million micro-enterprise corporate clients, and have issued loans totaling nearly 400 billion yuan, indirectly supporting the employment of nearly 4 million people.
In October 2020, MicroBank further upgraded its enterprise financial service brand to "MicroBusiness+" on the basis of MicroBusiness Loan to serve the financial and non-financial needs of micro and small enterprises, and to build a full-chain business service ecosystem.