Broadline Capital's investment in China Rapid Finance announced as "Technology Deal of the Year" at 2016 International Financial Forum
New York, NY (PRWEB) April 19, 2016 -- Broadline Capital’s investment in China Rapid Finance was announced as “Technology Deal of the Year” at the 2016 International Financial Forum’s 8th Annual International M&A Awards, widely respected as a pinnacle of achievement in the finance industry, recognizing excellence in deal-making and celebrating the contributions of the world’s leading investment firms and transaction professionals.
“Since 2002, we have been honoring the leading transactions, companies, and dealmakers. Broadline Capital was chosen from over 250 participating companies to receive the award for its role as lead investor in China Rapid Finance. It gives us great pleasure to recognize Broadline Capital and bestow upon them our highest honor for cross-border investment firms and transaction professionals,” said David Fergusson, Co-CEO and President of The M&A Advisor. “Broadline Capital represents the best of the cross-border investment industry in 2015 and earned these honors by standing out in a group of very impressive candidates.”
Broadline Capital is a global private equity firm focused on growth capital and impact investments primarily in China and North America. The group is run by Chris Thorne, an accomplished tech company entrepreneur, McKinsey & Company alum, and recipient of three degrees from Harvard. Mr. Thorne serves on China Rapid Finance’s board. Broadline Capital is the lead investor of China Rapid Finance.
“We’re pleased to see Broadline Capital’s investment in China Rapid Finance win recognition as Technology Deal of the Year,” said Dr. Zane Wang, Chief Executive Officer of China Rapid Finance. “The strategic support of Broadline Capital and our other investors has been crucial to the company as we apply our unique technology to bring affordable credit to China’s emerging middle class.”
“Broadline Capital enjoys collaborating with true innovators like China Rapid Finance’s CEO Zane Wang, who are building category leaders and category creators that are revolutionizing their industries.” said Mr. Thorne, “In the case of China Rapid Finance, Zane and the team have created a completely new business model in the industry to address the burgeoning consumer credit demand of China’s emerging middle class, the world’s largest untapped market.”
China Rapid Finance is the largest and fastest-growing consumer lending marketplace in China based on more than 5 million loans facilitated to-date. Having over 5,000 employees and more than 100 investor service centers and data verification offices in cities across China, the company has established one of the world’s most extensive multi-data/multi-channel consumer lending platforms. China Rapid Finance has facilitated nearly $2 billion in loan volume by connecting investors with borrowers. Prior to 2010, China Rapid Finance provided credit analytics to China’s leading banks, advising on the issuance of more than 100 million credit cards. Since launching its lending marketplace six years ago, the company has developed proprietary big data algorithms to derive credit scores for China’s emerging middle-class mobile active consumers, or “EMMAs”. China Rapid Finance's Predictive Selection Technology and Automated Decision Technology enable its digital lending platform to acquire high-quality borrowers at scale and at the industry’s lowest customer acquisition cost, while providing pre-screened customers with a range of affordable credit solutions across multiple distribution channels.
The 2016 International Financial Forum is one of the world’s premier and largest gatherings of finance professionals engaged in cross-border transactions, engaging a delegate audience of over 400 influential dealmakers, academics, media and policymakers from over 25 countries. Broadline Capital was presented the global award for its pivotal role as lead investor in China Rapid Finance at the invitation-only black-tie Academy Awards-style gala before a jubilant crowd at the New York Athletic Club, New York. The industry awards were determined by an independent panel of 19 judges from the finance industry who evaluate candidates based on their demonstrated creativity, impact, and leadership.
BROADLINE CAPITAL
Founded in 2005, Broadline Capital is a global private equity firm focused on growth capital and impact investments primarily in Asia and North America. At Broadline Capital, we are inspired by champions – people of vision and courage – whose ideas can positively change the world, and who are ready to develop their businesses into the next big, industry-changing companies. For more information about Broadline Capital, visit http://www.broadlinecapital.com.
CHINA RAPID FINANCE
China Rapid Finance is China’s largest and fastest-growing consumer lending marketplace based on more than 5 million loans facilitated to-date. China Rapid Finance is a founding member of the National Internet Finance Association of China (NIFA). The Company provides consumer credit access to China’s emerging middle class, the world’s largest untapped market. China Rapid Finance was founded by Dr. Zane Wang, one of China’s leading experts in consumer credit market innovation and lending marketplace technology. Prior to founding China Rapid Finance, Dr. Wang received his PhD in Statistics from the University of Illinois at Chicago and served as the Head of Analytics for Sears Credit – the world’s largest retail credit card portfolio, subsequently acquired by Citibank. Dr. Wang previously advised the People’s Bank of China (PBOC) on the creation of China’s national credit bureau and the first functioning credit bureau in Shanghai. for more information about China Rapid Finance, visit http://www.chinarapidfinance.com.
THE M&A ADVISOR
Since 1998, The M&A Advisor has been presenting, recognizing the achievement of, and facilitating connections between the world’s leading mergers and acquisitions, financing and turnaround professionals with a comprehensive range of services including M&A SUMMITS; M&A AWARDS; M&A CONNECTS™; M&A ALERTS™, M&A LINKS™, MandA.TV, and M&A MARKET INTEL™. Visit http://www.maadvisor.com to learn more.
Media Contact for China Rapid Finance:
Edmond Lococo
ICR Inc.
T: +86-10-6583-7510
Media Contact for The M&A Advisor:
Liudmila Pisareva
Leadership Services Manager
The M&A Advisor
[email protected]
T: +1-212-951-1550
Media Contact, Broadline Capital, http://www.broadlinecapital.com, +1 650-262-1850, [email protected]
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