# Bank of Hangzhou Consumer Finance Company

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bank-of-hangzhou-consumer-finance-company

- Industry: Financial Services
- Headquarters: Hangzhou, China
- Website: www.51xf.cn
- Latest round: Angel (Dec 21, 2015)
- Investors on record: 3

## About

Based in Hangzhou, China, Bank of Hangzhou Consumer Finance Company specializes in providing accessible consumer credit solutions aimed at individuals with diverse financing needs.Founded in 2015 and headquartered in Hangzhou, China, Bank of Hangzhou Consumer Finance Company offers consumer financial products. The firm has completed a total of 3 deals with the most recent deal occurring on March 31, 2021. It does not have publicly available information about its founder or CEO.???????????? primarily offers a range of consumer financial products designed to meet the needs of individuals requiring accessible credit solutions. The company's core product offerings revolve around consumer credit services that focus on providing loans for various personal and consumption needs. By leveraging data analytics and technology, the firm identifies consumer segments with insufficient access to traditional banking services, targeting individuals who seek financial support for daily expenditures, personal projects, or larger purchases. The company serves a diverse clientele across multiple geographical markets in China, aiming to deliver efficient and reliable financing options to underserved populations. With an emphasis on technological integration,???????????? is committed to continuously evolving its service delivery to enhance customer experience and broaden its reach.???????????? generates revenue through its consumer lending activities, utilizing a structure that includes direct-to-consumer transactions. Customers seeking credit can apply for loans through the company’s platforms, which facilitate quick approvals and disbursements. The company's revenue model involves charging interest on the loans provided, along with potential service fees associated with the financing process. These transactions occur directly between the company and its clients, focusing on providing tailored financial solutions to meet specific consumer needs. The firm’s operations include partnerships with various retailers and service providers, which further enhance its market penetration, although specific pricing plans for individual products and services have not been disclosed.In March 2021, Bank of Hangzhou Consumer Finance Company raised an undisclosed amount in strategic investment from Didi Chuxing. This funding is expected to support the development and launch of new consumer products aimed at enhancing their service offerings. The firm plans to expand its operations into additional regions within China, targeting underserved markets by the end of 2023.

## Funding rounds

- Angel, Dec 21, 2015 — BBVA, Harmony Venture, Bank Of Hangzhou

## Investors

- BBVA — Angel
- Harmony Venture (https://capitalatlas.ai/funds/harmony-venture) — Angel
- Bank Of Hangzhou — Angel