- CEO
- Yong Hui Li
- Full Time Employees
- 762
- Sector
- Financial Services
- Industry
- Financial - Credit Services
- Address
- Kaiyuan Finance Center Shijiazhuang People's Republic of China
- IPO Date
- Apr 1, 2008
- Business
- Fincera Inc. (YUANF) provides innovative online lending and e-commerce services to small and medium-sized businesses (SMBs) and individuals primarily in China; core offerings include the CeraVest peer-to-peer lending platform (Qingyidai), which facilitates short-term financing at competitive rates, the CeraPay revolving credit product (Dianfubao) for transaction processing and settlement between borrowers and merchants, web-based business lending, B2B payment networks, shipping services, and auto finance solutions targeted at the transportation and automobile industries. Founded in 1994 through its management team's pioneering vehicle financing efforts and headquartered in Shijiazhuang, Hebei province, the company operates through its wholly owned subsidiary AutoChina Group Inc. and has evolved from commercial vehicle leasing and dealerships across 17 provinces to a fintech focus on inclusive finance and offline-to-online retail tools. In recent developments, Fincera changed its ticker symbol from AUTCF to YUANF in 2017 to align with its Chinese brand Kaiyuan, entered into an agreement to acquire Eastern Eagle International, Inc. from Smart Success Investment Limited for approximately $380 million, and reported a founding shareholder's purchase of 30,000 shares, amid ongoing operations in the dynamic Chinese SMB lending market.