Founded by Tang Yang, a serial entrepreneur over 18-years, CashBUS lends RMB500-1000 for up to two weeks to borrowers. Before this regulation, only affiliates under China’s central bank People’s Bank of China can provide such credit score for individuals. But in China, millions of potential borrowers lack access to credit scores as the individual credit investigation industry just starts burgeoning. They are easily denied by traditional banks and have no other means to get a credit score. We can use the regression model to lower our risks by selecting more creditable borrowers,” Tang Yang said.

Source: Forbes March 22, 2017 18:46 UTC