Yirendai
Yirendai is a CreditEase-launched online financial services platform offering financing-consultation services to consumers in China.
Last updated October 7, 2026
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Overview
Yirendai (宜人贷) is an online financial services platform launched by CreditEase (宜信) in 2012. Its official site describes the platform as using internet technology, big data and artificial intelligence to provide financing-consultation services to China’s growing consumer population. The site has also promoted loan-related services for borrowers, including identity-document-based borrowing, vehicle-owner financing and home-secured lending. Product descriptions emphasize flexible terms and access to credit; the site does not provide enough current detail to establish that every historically advertised product remains available on the same terms. The platform developed within CreditEase, a financial technology company founded in Beijing in 2006. Yirendai’s history includes online borrowing and wealth-management offerings: it launched the Yirendai Borrowing app in 2013 and introduced the “Yidingying” smart wealth-management service that year. The wealth-management offering was renamed Yirencai in 2016, while the official company page describes Yirencai as serving mass-affluent users. Yirendai’s own stated mission was to help more people realize the value of their credit, and its vision was to become every person’s credit partner. Yirendai became a publicly listed company on the New York Stock Exchange on 18 December 2015, with the ticker YRD, according to its official About page. That page also reported that, by 30 June 2018, the platform had served more than 1.4 million borrowers and 1.5 million lenders, and had facilitated a cumulative RMB 97.6 billion in loans. These are historical figures reported by the company, not current operating metrics. The platform’s public notices document changes to its services over time. In July 2020, its website stopped supporting registration and login for lender users and directed them to the Yirencai channel. In December 2022, it announced that the Guangdong Development Bank custody service for funds in part of its business had been discontinued, and that affected borrowers would make repayments through CreditEase’s WeChat service account. These notices indicate that service arrangements and available functions changed; they do not by themselves establish the platform’s present scale or full operating status.
History
Yirendai’s history began within CreditEase, the Beijing-founded financial technology company that launched the platform. The official About page dates the start of its development to December 2011, when CreditEase established its internet business division and began developing the Yirendai platform. The Yirendai website formally went online in March 2012. In September 2013, Yirendai introduced its borrowing app. The company described it as the first app globally to allow the full process of a credit loan to be completed on a mobile phone. That same month, it launched Yidingying, a smart wealth-management service. In October 2014, Yirendai introduced a fast-track borrowing service based on big-data risk control, which the company said could provide credit approval in one minute and rapid review in ten minutes. These are historical product claims from the company’s account. Yirendai reached several financing and corporate milestones in 2015 and 2016. It agreed to a funds-custody arrangement with Guangdong Development Bank in June 2015 and listed on the New York Stock Exchange on 18 December 2015. In April 2016, its borrowing service added a housing provident-fund mode. In June 2016, its first asset-backed securities (ABS) issuance was listed on the Shenzhen Stock Exchange, according to the company timeline. The wealth-management service Yidingying was renamed Yirencai that month. Later in 2016, Yirendai added a life-insurance mode to its borrowing service and reported information-security and industry-association milestones. In 2017, the company launched the Yirendai Enabling Platform, described in its timeline as a platform for sharing technology capabilities. It also reported its participation in the China Internet Finance Association. A 2018 company announcement described a three-year funding arrangement from Goldman Sachs. Another 2018 notice reported a three-year cooperation agreement with PICC Property and Casualty Company for borrower performance-guarantee insurance on loans arranged by Yirendai. The notice said that the insured loan products had terms of no more than 12 months and amounts no higher than RMB 200,000, and that the insurer would compensate lenders for overdue principal and interest under the agreement’s terms. The company’s 2018 About page reported cumulative service and loan-facilitation totals as of 30 June 2018. These figures are point-in-time historical disclosures. In July 2020, Yirendai announced that its website would stop supporting lender-user registration and login, directing those users to Yirencai. In December 2022, the site announced a repayment-channel change for borrowers whose repayment service was associated with the Guangdong Development Bank funds-custody service. The notice directed affected customers to CreditEase’s official WeChat service account. The supplied sources document these historical developments but do not provide a full account of subsequent ownership, corporate restructuring, or current operating scale.
CreditEase founded
Platform development initiated
Yirendai website launched
Borrowing app and Yidingying introduced
Big-data-based fast borrowing mode launched
Funds-custody cooperation with Guangdong Development Bank
Listed on the New York Stock Exchange
Provident-fund borrowing mode introduced
First ABS listed and wealth service renamed
Life-insurance borrowing mode introduced
Products and positioning
A technology-enabled online financing-services platform serving consumers in China, with historically advertised borrowing and wealth-management offerings.
Yirendai Borrowing app
A mobile borrowing app launched in 2013; the company said it supported completion of the full credit-loan process on a phone.
Yidingying / Yirencai
A smart wealth-management service launched as Yidingying in 2013 and renamed Yirencai in 2016.
Identity-document-based borrowing
A borrowing service promoted on the official homepage with flexible use and repayment features.
Vehicle-owner financing
A financing service advertised for vehicle owners.
Home-secured lending
A home-related borrowing product advertised on the official homepage.
Controversies
Brand decisions
- Lender registration and login removed from websiteOther
- Repayment channel migrated for some borrowersOther
Sources5 sources
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