Jiayin Group Inc. (China)

The Company, its consolidated subsidiaries and the consolidated variable interest entities (“VIEs”) provide online consumer finance service in the People's Republic of China (“PRC”) by connecting institutional funding partners with borrowers through a proprietary internet platform.
The Company and the VIE Group are a leading fintech platform in China committed to facilitating effective, transparent, secure and fast connections between underserved individual borrowers and financial institutions funding partners. The Company and the VIE Group operate a highly secure and open platform with a comprehensive risk management system and a proprietary and effective risk assessment model which employs advanced big data analytics and sophisticated algorithms to accurately assess the risk profiles of potential borrowers. The Company s and the VIE Group's online platform embraces significant opportunities presented by a financial system that leaves many creditworthy individuals underserved. The Company and the VIE Group provide borrowers with fast and convenient access to credit at affordable and competitive rates.
The Company operates and manages its business as a single reportable segment.
HISTORY
2011 The origin of the Company s business can be traced back to 2011. Mr. Dinggui Yan, its founder, director and chief executive officer, commenced a consumer finance platform in 2011 through several entities controlled by him in China.
2015 In June 2015, Mr. Dinggui Yan acquired Shanghai Jiayin Finance Technology Co., Ltd., or Jiayin Finance, a shell company previously known as Furen Technology Limited and listed on the National Equities Exchange and Quotations Co., Ltd., or the NEEQ.
In September 2015, Shanghai Wuxingjia was established as a wholly-owned subsidiary of Jiayin Finance to develop its online consumer finance platform business. Mr. Dinggui Yan launched Shanghai Caiyin Asset Management Co., Ltd., or Shanghai Caiyin, in September 2015.
2017 The Company is an exempted company incorporated with limited liabilities in the Cayman Islands under the laws of the Cayman Islands in December 2017.
2018 The Company established a wholly-owned subsidiary in the British Virgin Islands, Jiayin Holdings Limited, and a wholly-owned subsidiary in Hong Kong, Geerong (HK), as its intermediate holding companies, to facilitate its initial public offering in the United States in January 2018. Jiayin Finance was delisted from NEEQ in April 2018.
The Company incorporated Shanghai Kunjia Technology Co., Ltd., or Shanghai Kunjia, as a wholly-foreign owned entity in China in June 2018.
2019 The Company s ADSs, each representing four of its Class A ordinary shares, have been listed on the Nasdaq Stock Market since May 10, 2019. Its ADSs trade under the symbol “JFIN.”
In September 2019, the Company disposed of Shanghai Caiyin, a consolidated affiliated entity.
2020 The Company s wholly owned subsidiary Geerong (HK) acquired, from China Smartpay Group Holdings Limited (“China Smartpay”), a Hong Kong listed company, 35 equity interest in Keen Best, a wholly-owned subsidiary of China Smartpay, incorporated in the British Virgin Islands holding 100 equity interests in certain PRC entities engaging in microcredit business in September 2020.
2021 On April 30, 2021, the Group acquired 95 equity interests in Shanghai Bweenet