fincera inc. is a leading provider of innovative web-based financing and ecommerce services for small and medium-sized businesses and individuals in china. fincera's founder was the first to introduce commercial vehicle financing to china’s transportation industry in 1994. over the next 20 years, fincera refined and improved its business model to include small business lending, payment networks, and ecommerce services. we currently operate two online financing products: cerapay and ceravest. cerapay is fincera's short-term financing and payment solution for small businesses and operates under the dianfubao.com brand in china. cerapay is a closed-loop payment network where users can apply for a credit line to spend within the network and also where merchants can receive payments. cerapay was used to make payment transactions totaling over rmb1.5 billion in march 2016. launched in november 2014, ceravest operates in china under the qingyidai.com brand. from its inception in november 2014
(China (Mainland)) Xiaobai Maimai Inc., formerly known as Hexindai Inc., is a social e-commerce platform based in Beijing, China. The Company collaborates with domestic e-commerce platforms and offers users a wide selection of high-quality and affordable products on its new social e-commerce platform. Leveraging its cooperation with mainstream e-commerce platforms and services marketplaces, and its data analytics algorithm and operating system, the Company continues to identify and introduce cost-efficient products and attract users to its platform and generate higher user satisfaction to realize the platform’s fast growth.