BEIJING, Jan. 31, 2018 /PRNewswire/ -- Hexindai Inc.
(NASDAQ: HX) ("Hexindai" or the "Company"), a fast-growing consumer
lending marketplace in China,
today announced that it has signed an aggregate of RMB1 billion in line of credit agreements with
Ping An Bank and Xiamen
International Bank.
According to the terms of the agreements, Ping An Bank will provide a RMB500 million line of credit with a term of one
year while Xiamen International Bank will provide a RMB500 million line of credit with a term of two
years. The lines of credit will be used for general corporate
purposes.
Mr. Xinming Zhou, Chief Executive
Officer of Hexindai, commented, "We believe these agreements
reflect the vote of confidence from leading financial institutions
in our business and long-term growth prospects. We will use the
lines of credit to improve operational efficiency, expand
advertising campaigns and for general corporate purposes which will
help us reinforce our competitive advantage in China's rapidly growing consumer lending
marketplace."
About Hexindai Inc.
Hexindai Inc. (NASDAQ: HX) ("Hexindai" or the "Company") is a
fast-growing consumer lending marketplace based in Beijing, China facilitating loans to meet the
increasing consumption demand of the emerging middle class in
China. Hexindai provides borrowers
with convenient and ready access to credit through its online
marketplace. The Company offers borrowers a wide range of products
designed based on customer segmentation data and tailored to the
specific needs of the emerging middle class in China. Hexindai offers investors various types
of investment products with appropriate risk levels and
risk-adjusted returns. With its strong O2O capabilities combining
its online platform with an extensive offline network, and an
advanced risk management system which is further safeguarded by the
Company's strategic cooperative relationships with a custodian bank
and an insurance company, Hexindai supports a higher customer
satisfaction rate and has experienced rapid growth in China.
For investor inquiries, please contact:
Hexindai
Wendy Xuan
Tel: +86 10 5370 9902 ext. 829
Email: ir@hexindai.com
Christensen
In China
Mr. Christian Arnell
Phone: +86-10- 5900-1548
E-mail: carnell@christensenir.com
In US
Mr. Tip Fleming
Phone: +1-917-412-3333
Email: tfleming@Christensenir.com
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SOURCE Hexindai Inc.