Shijiazhuang, Hebei Province, China – July 6, 2015 – Fincera Inc. (“Fincera” or the “Company”) (OTCQB: AUTCF), a leading provider of web-based financing and ecommerce services for China’s transportation and automobile industries, today announced that the Company, through its proprietary online small business lending platform CeraVest, which operates as Qingyidai.com in China, is sponsoring and participating in LendIt China, a seven-day, interactive tour through Beijing and Shanghai offering an introduction to the world’s largest and fastest-growing P2P market.
Qingyidai.com will be attending the Beijing International Life Mobile App & Experience Show on July 8 and the Bund Summit in Shanghai on July 11-12. Management will also be participating in one-on-one meetings with prospective investors and industry leaders.
Launched in November 2014, Qingyidai.com is a leading small business lending platform in China with over RMB900 million in assets under management. From its inception in November 2014 through June 30, 2015, it originated over RMB1 billion in loans. A subsidiary of Fincera, Qingyidai.com also has one of the largest nationwide service networks with over 550 directly managed branch locations as well as nearly 6,000 franchise store locations covering both cities and rural areas in China.
Leveraging Fincera’s scale and expertise in China’s transportation industry, Qingyidai.com currently provides affordable financing options to small businesses at a flat ~8.5% APR. The platform combines extensive offline due diligence and online merchant payment data generated from its affiliated platforms to evaluate and manage credit risk. Having served China’s rural areas over the course of the past 20 years, Qingyidai.com offers financing to under-served businesses with affordable rates and simple application processes.
About Fincera Inc.:
Founded in 2005, Fincera Inc. (OTCQB: AUTCF) provides innovative web-based financing and ecommerce services for China’s transportation and automobile industries. The Company also operates over 550 finance and service centers in 26 provinces, municipalities, and autonomous regions across China. Fincera’s current service offerings include a B2B payment network and a web-based small business lending platform. In addition, Fincera also provides sales-type leasing programs and support services for heavy trucks. The Company’s website is https://www.fincera.net. Fincera trades on the OTCQB venture stage marketplace for early stage and developing U.S. and international companies. OTCQB companies are current in their reporting and undergo an annual verification and management certification process.
About LendIt:
LendIt is the largest conference series dedicated to connecting the global online lending community. LendIt hosts three conferences per year in the USA, Europe, and China. LendIt USA is the industry’s annual flagship conference and brings together every major online lending platform from around the world. LendIt Europe and LendIt China are regional conferences that allow attendees to explore those markets in greater detail. Financial innovators, investors and pioneers from all over the world attend LendIt for an opportunity to learn from market leaders, form key business alliances, and showcase and launch industry-moving products and services.
Safe Harbor Statement:
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about the Company. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of the Company’s management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The following factors, among others, could cause actual results to meaningfully differ from those set forth in the forward-looking statements:
- Continued compliance with government regulations;
- Changing legislation or regulatory environments;
- Requirements or changes affecting the businesses in which the Company is engaged;
- Industry trends, including factors affecting supply and demand;
- Labor and personnel relations;
- Credit risks affecting the Company’s revenue and profitability;
- Changes in the commercial vehicle industry;
- The Company’s ability to effectively manage its growth, including implementing effective controls and procedures and attracting and retaining key management and personnel;
- Changing interpretations of generally accepted accounting principles;
- General economic conditions; and
- Other relevant risks detailed in the Company’s filings with the Securities and Exchange Commission.
The information set forth herein should be read in light of such risks. The Company does not assume any obligation to update the information contained in this press release.
