Company Information

Get to know Renrenmoney

Founded in October 2010, Renrendai (operating as Renrenmoney) was one of China's earliest and most prominent peer-to-peer (P2P) online lending platforms, connecting individual investors with borrowers. Following a nationwide regulatory crackdown on the P2P industry, the company announced in 2020 that it would completely exit the P2P business to comply with new regulations. Renrendai has since transformed its business model to focus on providing credit technology and financial information services, primarily acting as an intermediary that connects users with licensed financial institutions.

Industry

Financial Other ServicePRIMARY
Financial Banking

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Renrenmoney

N/A

Founded in

2011 (15 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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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.