MSFinance

MSFinance

MSFinance is a licensed financial institution by CBRC (China Banking Regulatory Commission), established in 2015. With a diverse and empowering shareholder structure, including SOEs such as CBEST and Bank of Chongqing, as well as civil entities like Wu-Mart, Sunshine Insurance Group, and China Commodities City Group, it completed 3 rounds of expansion and financing in 2016, 2017, and 2018, raising a registered capital of 4 billion RMB. The company boasts a powerful R&D team of around 700 people and a big data team of 300 individuals. MSFinance is the leading organization for research in fin-tech advancement in Chinese non-banking financial institutions and has gained widespread recognition, including being honored as the “Top 50 Chinese Fin-Tech Companies” by KPMG. The company has created significant job opportunities, contributing to Chongqing's economic growth. With a user base of 39 million, MSFinance has distributed more than 110 billion RMB in loans, creating over 1500 jobs and paying 1 billion RMB in taxes in 2017. The company's innovative approach has earned it recognition as a top 10 innovation platform for Chongqing's economy in 2016 while continuously contributing to the city's entrepreneurship, innovation, and tech-driven environment.

In 2018, MSFinance received a $99.90M Series C investment led by Chongqing Department Store, marking a significant milestone in its growth and development within the financial services and fintech industries.

These developments underscore MSFinance's significant impact on Chongqing's economy and its innovative approach within the financial services sector.