About Wheat Financial Founded in 2009, Wheat Financial is a pioneer in mobile finance technology in China. Headquartered in Shanghai, Wheat Financial serves 34 provinces in China with branch offices in Beijing and Suzhou. It also has a subsidiary incorporated in Massachusetts, USA. Since its inception in 2009 through September 2017, Wheat Financial has provided marketplace lending information services to over 8 million individual and institutional clients. Wheat Financial has over 560 employees and is led by a seasoned management team with extensive experience in China’s top tier Fintech companies and traditional financial institutions. Wheat Financial focuses on the needs of Young HENRYs (Potential High Earners, Not Rich Yet) in China. They are young, highly educated, mobile-savvy and ready to spend, but not rich yet. As high-end consumption is booming, this young, rising professional class represents the key growth segment in consumer markets. There are 170 million people who have an associate’s degree or higher in China *, but many of them are underserved by traditional financial institutions due to relatively short credit history. This results in an enormous gap that Wheat Financial aims to fill. As of September 2017, 99.2% of borrowers on Wheat Financial platforms have an associate’s degree or higher, and 97.9% of borrowers are under 30. The success of Wheat Financial in the HENRY market is based on its leading risk management system in mobile finance technology. Thanks to tremendous growth in mobile internet penetration, Wheat Financial has developed a robust risk management system using proprietary credit decisioning models, which utilize data from the borrower’s mobile internet footprint, such as financing, spending, and social network information. This allows Wheat Financial to accurately assess the creditworthiness of borrowers. In addition, Wheat Financial is able to offer lower interest rates for borrowers, and higher investment return for investors by employing its proprietary pricing models and cost-effective end-to-end automation process. Furthermore, Wheat Financial operates purely on online platforms, with the majority of its transactions facilitated through mobile devices, providing borrowers and investors with a convenient experience. Prospective borrowers applying for credit on their mobile phones can receive approvals and withdraw funds within seconds. Wheat Financial became profitable in 2015 and 2016, and has been providing reliable investment returns to lenders. Over the past 8 years, its annualized rate of return for investors is 9.23% on average. Wheat Financial partners with banks and third-party payment companies to ensure the independence and security of our client accounts. All client funds are maintained by qualified custodians. With rapid growth in mobile internet penetration and an expedited process of structural upgrade in consumption, Wheat Financial is well positioned to continue its healthy growth by serving the growing market with premium financial products, and making financial services available to everyone in the world. *Source: “1% National Population Sample Survey (2015)” by The National Bureau of Statistics of the People's Republic of China.
