Golden Bull Limited (NASDAQ:DNJR)

The company is an online finance marketplace, or “peer-to-peer” lending company, in China that provides borrowers access to short-term loans. The loans that it is currently arranging generally range from 30 days to 90 days, and are secured by borrowers’ automobiles. Through its online marketplace, it connects individual lenders with individual and small business borrowers. It currently conducts its business operations exclusively in China.

The company believes its technology-driven marketplace provides eligible borrowers with a quick, accessible and affordable way to meet their liquidity needs. Its online marketplace may be accessed only by qualified borrowers, as discussed below in “Business — Our Platform.” It currently targets borrowers who display stable credit performance and salary income. It implements a risk management process to try to minimize the risk of nonpayment to lenders. Such process involves a thorough review of credit reports prepared by third parties and may also include inquiries by it of employers or associates of potential borrowers.

Its marketplace also provides lenders with risk-adjusted returns that it believes to be attractive. The average annualized return for lenders that have provided loans through its platform in 2016 was 11.64%, compared to a peer-to-peer industry average return rate of 10.45%, based on the Research Report on the Internet Finance Industry and Development Strategy for 2017 to 2022 (the “China IRN Report”), issued by ChinaIRN.com, an independent research institution in PRC that specializes in industry survey and research.

Last updated January 13, 2018