Qfin Holdings Inc. (China)

The Company engaged in matching borrowers with credit demand to a diversified pool of financial institutions with credit to supply through a financial technology platform.
The Company match underserved and unserved users with credit demand to a diversified pool of financial institutions with credit to supply, through both credit-driven services and platform services.
Credit-driven services
Under the credit-driven services category, the Company matchs borrowers with financial institution partners as well as leverage its technologies to empower its financial institution partners to conduct customer acquisition, initial credit screening, advanced risk assessment, collection and other post-facilitation services more effectively. Loans facilitated under this category are either funded by its financial institution partners or Fuzhou Microcredit, which is licensed to conduct microcredit business in China. For loans extended by our financial institution partners, the Company provides guarantees against potential defaults. Such contractual guarantee arrangement is underwritten either by its VIE that is licensed to provide financing guarantee services, or third-party licensed guarantee companies or insurance companies to which the Company may provide back-to-back guarantee at their request.
Platform services
The Company doesn t take any credit risk for its platform services. The Company s platform services include loan facilitation and post-facilitation services through its capital-light model, intelligent marketing services to financial institution partners under Intelligence Credit Engine (ICE), referral services and risk management software-as-a-service (SaaS).
The Company s core product offered to borrowers is an affordable, digital revolving line of credit allowing multiple loan drawdowns, with a convenient application process and flexible loan tenors. The Company s products are provided under the 360 Jietiao brand.
The Company operates and manages its business as a single operating segment.
Corporate History:
2016 - The Company started its operation in July 2016, when Beijing Qibutianxia incorporated Shanghai Qiyu.
2017 - In March 2017, Fuzhou Microcredit was founded and later obtained the license to conduct online microcredit lending business.
2018 - In June 2018, Fuzhou 360 Financing Guarantee Co., Ltd., or Fuzhou Financing Guarantee, was founded and obtained the license to provide financing guarantee services.
- In April 2018, the Company was incorporated in the Cayman Islands as an offshore holding company to facilitate its financing and offshore listing.
- In May 2018, all shareholders of Beijing Qibutianxia adopted a unanimous resolution to reorganize for offshore listing and determine to spin off the online consumer finance service, microcredit lending as well as related financing guarantee businesses, which were hosted by Shanghai Qiyu, Fuzhou Microcredit and Fuzhou Financing Guarantee.
- On December 14, 2018, the Company s ADSs commenced trading on the Nasdaq Global Market under the symbol “QFIN.”
2019 - On January 30, 2019, Shanghai Financing Guarantee, through which the Company provides the guarantee to our borrowers for the loans provided by its financial institution partners, obtained the financing guarantee certificate granted by competent government authorities to conduct financing guarantee business.
2020 - In June 2020, one of the Company s affiliates 360 Group acquired a 30 stake in Kincheng Bank of Tianjin Co., Ltd., or Kincheng Bank. As a result of the transaction, 360 Group became the largest shareholder of the bank and has nominated the chairman of the board and president of the bank. Kincheng bank is an internet bank well-positioned to provide safe and intelligent banking services to the general public in China.
- On September 15, 2020, with the approval by a special resolution of the shareholders, the Company changed its name from “360 Finance, Inc.” to “360 DigiTech, Inc.”
- On November 19, 2020, the Company s ADSs were transferred from the Nasdaq Global Market to, and began trading on, the Nasdaq Global Select Market.
2022 The Company s completed its public offering in Hong Kong and the trading of its class A ordinary shares on the Hong Kong Stock Exchange commenced on November 29, 2022 under the stock code “3660.” Immediately upon the completion of its secondary listing on the Hong Kong Stock Exchange, all the then-outstanding class B ordinary shares converted into class A ordinary shares on a one-for-one basis pursuant to the conversion notice delivered by Aerovane Company Limited to the company. No class B ordinary shares remained outstanding upon that conversion and we have not issued any further ones.
2023 - On April 3, 2023, the Company changed its name from “360 DigiTech, Inc.” to “Qifu Technology, Inc.”
2024 The Company s gradually rolled out the rebranding of its primarily user interface, 360 Jietiao app to Qifu Jietiao app, to better reflect its position as a Credit-Tech platform.
2025 The board of directors (“Board”) is pleased to announce that the company s name has been changed from “Qifu Technology, Inc.” to “Qfin Holdings, Inc.”
The Company s Class A Ordinary Shares was listed on the OTC Markets under the symbol QFNHF .