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9fgroup.com

Founded Year

2006

Stage

IPO | IPO

Total Raised

$178.15M

Date of IPO

8/15/2019

About 9f Group

9f Group (NASDAQ: JFU) is a Beijing-based P2P (peer to peer) lending platform.

9f Group Headquarter Location

Jiufu Building Rongxin Technology Center

Beijing, Beijing, 100102,

China

86-10-85276996

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Research containing 9f Group

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned 9f Group in 1 CB Insights research brief, most recently on Dec 19, 2019.

Expert Collections containing 9f Group

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

9f Group is included in 2 Expert Collections, including Digital Lending.

D

Digital Lending

1,511 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

F

Fintech

2,973 items

Track and capture company information and workflow.

9f Group Patents

9f Group has filed 2 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

10/12/2016

7/11/2017

Anaerobic digestion, Plant physiology, Plant anatomy, Block ciphers, Cell biology

Grant

Application Date

10/12/2016

Grant Date

7/11/2017

Title

Related Topics

Anaerobic digestion, Plant physiology, Plant anatomy, Block ciphers, Cell biology

Status

Grant

Latest 9f Group News

Chinese fintech platform 9F Group files for US IPO, aiming to raise $150 million

Jul 26, 2019

1 min read Chinese fintech company 9F Group has filed for an initial public offering (IPO) with the US Securities and Exchange Commission on Thursday. The company is aiming to raise $150 million from the IPO. Why it matters: After a series of regulatory shocks that started in 2017, fintech is one of the main industries from which US-listed Chinese companies hail. Known as Jiufu, 9F Group is one of several Chinese companies that are seeking to raise capital from a US IPO this year. Details: The company said the proceeds from the IPO will be put toward broadening its product offerings, including consumption loans and online wealth management, as well as international expansion efforts in Hong Kong and Southeast Asia. Credit Suisse, Haitong International, and 9F Primasia Securities are joint bookrunners on the deal. The company plans to list under the symbol “JFG” on the New York Stock Exchange or Nasdaq, according to its latest prospectus . The company did not disclose pricing terms. Context: Fintech regulators have been cracking down on fraudulent activities and risky financial practices especially in the peer-to-peer (P2P) lending sector, leading to the collapse of many smaller platforms. Survivors, like 9F Group, are under increasingly tight oversight. The company has been pivoting away from P2P lending and expanding into other consumer financial services, a common move among online lenders in China as regulation tightens. Founded in 2006 in Beijing, 9F Group has become one of the major online consumer lending service providers in China and now says that it has more than 76.7 million registered users on its platform. It owns several fintech brands including 9F Puhui, 9F One Card, and Wukonglicai. At the end of last year,  the company was seeking a license to operate virtual banking service in Hong Kong. Chinese fintech companies including online lending marketplace Jiayin Group and Xiaomi-backed online brokerage Tiger Brokers both debuted on US stock exchanges earlier this year. IPO rumors have been swirling about Ping An-backed Lufax, Ping An’s fintech arm OneConnect, and Alibaba’s Ant Financial. Online lender Lufax, which was valued at $38 billion after its latest funding round, reportedly shuttered its P2P lending service earlier this week, which may help facilitate its US listing, according to a Reuters report citing unnamed sources.

9f Group Web Traffic

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9f Group Rank

  • When was 9f Group founded?

    9f Group was founded in 2006.

  • Where is 9f Group's headquarters?

    9f Group's headquarters is located at Jiufu Building, Beijing.

  • What is 9f Group's latest funding round?

    9f Group's latest funding round is IPO.

  • How much did 9f Group raise?

    9f Group raised a total of $178.15M.

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