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.