Company Information

Get to know Fengchelicai

Fengchelicai was a financial technology company founded in 2015, operating as an online P2P lending platform in China. The platform's primary business was connecting individual investors with borrowers, offering various investment products with promised returns. It was part of a massive P2P industry boom in China. However, the company collapsed in July 2018 amid a nationwide crackdown on the P2P sector due to widespread fraud and regulatory tightening. The platform stopped payments to investors, and its executives became unreachable, ultimately leading to a police investigation.

Industry

Financial FundraisingPRIMARY
Financial Other Service
Financial Payment

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Fengchelicai

China

Founded in

2013 (13 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.