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China Web Lender Aims for U.S. IPO With Crafty Borrower Reviews | Tony Seruga
May
03

China Web Lender Aims for U.S. IPO With Crafty Borrower Reviews

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  • Company uses data such as how often a phone is charged
  • Collection methods include contacting family and friends

SmartFinance, a Chinese internet loans business that judges borrowers on factors including how often they charge their phones, has consulted banks about a possible U.S. listing that could happen as soon as this year.

The rapidly expanding company, which anticipates it will reach a $1 billion valuation by the end of 2017, has hired former Cheetah Mobile Chief Financial Officer Andy Yeung to help better manage investor relations and smooth the path to an eventual listing…

China Web Lender Aims for U.S. IPO With Crafty Borrower Reviews

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