Yiren Digital Ltd. (YRD)

Yiren Digital Ltd. (formerly Yirendai Ltd.) is a Cayman Islands exempted company that describes itself as a leading AI-powered fintech platform specializing in digital consumer lending, insurance and financial technology innovation in China and global markets. It began its online consumer finance marketplace business in March 2012 as a unit of its parent and controlling shareholder, CreditEase Holdings (Cayman) Limited. Its ADSs have traded on the NYSE under the symbol "YRD" since December 2015. The company uses AI and emerging technologies to improve customer experience, optimize capital efficiency and expand financial inclusion.

The business is organized mainly into credit solution services and insurance brokerage, plus an "Others" category. In credit solution, the company acts as an online marketplace connecting borrowers with funding. It earns loan facilitation and post-origination service fees from institutional funding partners and guarantee companies. It also earns financing service fees on a small share of self-funded loans, plus guarantee fees under a risk-taking model, in which it assumes part or all of the credit risk. Loans are primarily unsecured small revolving loans offered through the Yixianghua platform, with an average ticket of about RMB9,000 and terms of 3 to 12 months. Smaller-ticket SME loans are also offered. Loans facilitated totaled RMB67.8 billion in 2025, against RMB53.6 billion in 2024 and RMB36.0 billion in 2023. Insurance brokerage, run through Hexiang Insurance Brokers, sells life, health, and property and casualty policies on behalf of insurers and earns commissions as a percentage of premiums, including renewals. It uses nationwide branches and an agent network, and has sold online since 2024. "Others" mainly covers the winding-down e-commerce consumption and lifestyle business, along with small revenues from intelligent marketing, referrals and technology services for third parties.

Borrowers are mainly individuals, including credit card holders with stable credit performance and small business owners. The company had served about 14.3 million borrowers as of December 31, 2025, and facilitated loans to roughly 3.5 million borrowers in 2025. They are acquired entirely through online channels such as search engine marketing, app stores, APIs, e-commerce and social media platforms. Offline channels were discontinued in February 2022, and repeat borrowers accounted for 76.5% of 2025 loan volume. Since 2020 the company has accepted funding only from institutional partners, including banks, consumer finance companies, trusts and microloan companies. Banks (43.7%) and consumer finance companies (41.0%) were the largest sources in 2025. The company has expanded abroad, offering small revolving loans in the Philippines since early 2023, acquiring lending businesses in Mexico, and acquiring 65% of an Indonesian company in February 2026.

Loans are priced using a proprietary AI-driven credit scoring model, and they carry fixed rates and fixed monthly payments. Third-party guarantee companies have provided credit enhancement since 2018. The process from application to disbursement typically takes five minutes to two hours. The company operates through subsidiaries and variable interest entities in China, and it still receives business consulting and support services from CreditEase. Its principal executive offices are at 28/F, China Merchants Bureau Building, 118 Jianguo Road, Chaoyang District, Beijing.