Auction loan is the first P2P platform established in China, and investors should know it. The platform is established under the operation mode of pure online platform from abroad. In the same year, there was only one month between the auction loan and Lending Club, but now the situation is different. It can only be said that the credit environment has created different platforms.
In April this year, the auction loan completed the C round of financing. The capital injection was jointly led by Legend Holdings' Junlian Capital and Heiner Asia, followed by VMS Lenovo Investment Fund I, Sequoia Capital and Lightspeed Anzhen China Venture Capital. 201210 June, the auction loan was launched, and Sequoia Capital invested10 million US dollars, becoming the first online lending platform to complete the A round of financing. On April 20 14, Paipai Loan took the lead in completing round B financing, and the investment institutions were Guangsu Anzhen China Venture Capital, Sequoia Capital and noah wealth.
At present, the operating company of Paipai Loan is Shanghai Paipai Loan Financial Information Service Co., Ltd., which is wholly-owned by Beijing Paipai Loan Rongxin Investment Consulting Co., Ltd. The cooperation mode between Paipai Loan and Renren Loan and venture capital institutions is the same, and they all set up joint ventures overseas, and then hold shares in the company through overseas joint venture investment platforms.
Before 20 14, the products of the auction loan were not paid in advance. Due to the pressure of the market environment, auction loans have made drastic innovations. On June 20 14, 5438+04 revised the auction loan, which greatly improved the user experience and the transparency of the platform. 20 14,110/0, the deadline and rainbow bid winning plan were launched, and some products appeared prepayment mode. Among them, the "overdue bid loss" and the "third-party guaranteed bid winning" in batch bidding have corresponding prepayments, the former is the prepayment of risk reserve, and the latter is the prepayment of guarantee given by the cooperative organization. However, the risk of the loan target of these two businesses is in the middle and low stage, and the platform of the loan target with medium and high risk is still not advanced.
The prepayment mode provided by the original auction loan is different from the current prepayment mode. It does not adopt the risk reserve and guarantee model, but adopts the "principal protection plan" model. The requirements of the "principal guarantee plan" are strict, and participation in the plan needs to meet four conditions: first, 50 or more successful bids, and multiple bids in the same list are regarded as one; Second, the single investment amount is less than 5,000 yuan, which is lower than1/3 of the total loan amount; Third, the loan has bad debts, the total amount of bad debts is greater than the total income, and the difference is paid within 3 working days, that is, the principal loss is paid; Fourth, within the validity period of this period. It is difficult for most investors to meet the standard of "capital preservation plan".