Description
Chong Sing Holdings FinTech Group Ltd promotes peer-to-peer financing by connecting lenders and borrowers in China and Hong Kong through its online lending platforms. Its peer-to-peer business typically serves midsize, small, and micro enterprises in addition to individual consumers. Credit China FinTech also provides traditional financing services as a lender; has an online third-party payment service, and issues prepaid cards to consumers. The company's principal sources of revenue are service fees from its peer-to-peer loans, payment platform, and financial consulting and interest income from its loans. Most of the company's revenue is generated in China, with the remainder coming from Hong Kong.