koo Wallet is a small loan product, with an annual interest rate of around 30. The interest is much higher than a loan from a regular bank. For 45,000 yuan, the monthly interest should be around 1,000 yuan. KOO Wallet is a financial service platform covering consumption installment, credit payment, small and micro loan consultation and other scenarios. It is shown in the APP that both the wallet page "KOO Flower Card" and the home page "WeChat Pay" can be linked to the KOO Flower Card activation details page. Its main slogan is "Swipe WeChat smoothly to help you save money." It can be seen that it is closely related to WeChat Pay. Cooperation is its main promotional selling point. KOO Wallet is inextricably linked to Paipaidai, and may secretly arrange consumption installments for Paipaidai. At the end of 2019, Paipaidai changed its brand name to "Xinye Technology". According to the official website of KOO Installment, KOO Wallet is a consumer installment product of Xinye Technology, a company listed on the New York Stock Exchange.
1. According to Qichacha, KOO Wallet is a product of Shanghai Zihe Information Technology Co., Ltd. Although this company is affiliated to the Paipai Rongxin Enterprise Group with Paipai Dai as its core, it does not It does not appear in the equity penetration chart of Shanghai Paipai Financial Information Technology Co., Ltd. and is not directly related to it. In fact, the main shareholders of Shanghai Zihe Information Technology are the four founders of Paipaidai. As "China's first P2P online lending platform", Paipaidai was founded in 2007 by the above four people. Five years after its founding, it received Series A financing from Sequoia Capital, establishing its leading position in the industry. Later, it received two rounds of financing from many well-known investment institutions. Financing. On the occasion of its tenth anniversary, Paipaidai (NYSE: PPDF) was successfully listed on the New York Stock Exchange. The ten years of P2P are the period of growth for Paipaidai. In 2018, a major crisis broke out in the online lending industry, with frequent thunderstorms, and P2P liquidation gradually became on the agenda. According to public data, in the fourth quarter of 2018, the institutional funding ratio of Pipaidai loan balance was only 20.4. Faced with the pressure brought by volume transformation, Paipaidai made every effort to promote the transformation process.
2. The equal principal amount refers to dividing the loan principal by the number of repayment months, returning a fixed principal every month, and paying interest on the remaining principal. The loan interest decreases with the decrease of the loan principal. The total payment decreases as interest decreases. This type of loan can be repaid early.
1. Scope of application: Applicable to industries and borrowers with continuous cash inflow, and the cash inflow is large in the early stage and then decreases. Such as operational car loans, because when the new car is put into operation, the maintenance fee is small and the income is larger. Then the expenses will increase as the vehicle is operated, and the income will decrease. This is consistent with the repayment method of equal principal. This method also applies to the commodity circulation industry, service industry, and processing manufacturing industry.
2. Advantages: (1) The loan is repaid on a monthly basis, the loan balance is continuously reduced, and the loan risk is reduced; (2) For the borrower, the monthly loan repayment pressure is less , easy to return and avoid the huge stress of one-time use.
3. Disadvantages: (1) If the borrower is a high-quality customer, the loan will be reduced and the interest will also be reduced, which will reduce the income of the lending institution; (2) For the borrower, the available funds will become smaller and smaller. The less it is, the lower the utilization rate of funds.