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China
2014 (12 Years)
Last online: No recent activity
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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.
Get to know quark finance group
Company Information
Get to know quark finance group
Founded in 2014, Quark Finance was an internet finance company based in Shanghai, China. It operated as a peer-to-peer (P2P) lending platform, connecting individual investors with borrowers seeking consumer or small business loans. The company aimed to provide "inclusive financial services" leveraging technology and data analytics. It grew rapidly during the peak of China's P2P lending boom but collapsed in late 2018 amid a nationwide government crackdown on the industry due to widespread fraud and defaults.
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