BEIJING, June 20, 2018 /PRNewswire/ -- Hexindai Inc.
(NASDAQ: HX) ("Hexindai" or the "Company"), a fast-growing consumer
lending marketplace in China,
today announced that it has been officially accepted as a member of
the Nandu Finance Digital Union
(the "Union") on June 11, 2018, in recognition of the Company's
industry position, strong regulatory compliance, technology
innovation and corporate social responsibility.
Launched in April 2018 by the
Nanfang Metropolis Daily and the Nandu Finance Institute, the Union
aims to establish an industry communications platform for
regulators, industry players and consumers.
The Union explores the latest trends in new finance, and
supports the rapid growth of financial technology in order to drive
the digital transformation of China's financial services industry. The Union
provides a platform for members to share their latest industry
insights and technological know-how with other fintech business
leaders.
Industry leaders such as Ant Financial, JD Finance, WeBank and
Du Xiaoman Financial, were the Union's first batch of members. In
May 2018, the Union started its first
open membership application. Out of about 100 applicants, Hexindai
was one of eight companies approved to join the Union.
The Union is very selective in its membership application
process with strict standards. Evaluation for membership is based
on operational scale, industry position, fintech capabilities,
compliance with government regulations, growth potential and
corporate social responsibility.
"We are extremely proud to be accepted into the Union," said Mr.
Xinming Zhou, Chief Executive
Officer of Hexindai. "We would like to leverage this great platform
to share our experience and jointly tap the tremendous growth
opportunities in new and digital finance in China."
About Hexindai Inc.
Hexindai Inc. (NASDAQ: HX) ("Hexindai" or the "Company") is a
fast-growing consumer lending marketplace based in Beijing, China facilitating loans to meet the
increasing consumption demand of the emerging middle class in
China. Hexindai provides borrowers
with convenient and ready access to credit through its online
marketplace. The Company offers borrowers a wide range of products
designed based on customer segmentation data and tailored to the
specific needs of the emerging middle class in China by matching them with investors seeking
various types of investment products with appropriate risk levels
and risk-adjusted returns. Hexindai's strong online and offline
user acquisition capabilities combined with an online platform with
extensive offline networks, an advanced risk management system, and
strong strategic cooperative relationships with a custodian bank
and an insurance company to safeguard investments, allows the
Company to generate higher customer satisfaction, reliance, and
realize faster growth in China.
For investor inquiries, please contact:
Hexindai
Ms. Daisy Wang
Tel: +86 10 5370 9902 ext. 849
Email: ir@hexindai.com
ICR Inc.
Edmond Lococo
Tel: +86 10 6583-7510
Email: Edmond.Lococo@icrinc.com
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SOURCE Hexindai Inc.