Chinese CreditEase Ups Silicon Valley VC Presence

Note from the Publisher:  This is truly a tale of high international finance.  Chinese-based CreditEase, which operates a fintech VC and FOF, has appointed US-based Anju Patwardhan as Venture Partner out of Silicon Valley.  Ms. Patwardhan was schooled in India, has professional affiliations in Singapore and Estonia, and serves on two World Economic Forum committees.  CreditEase offers lending and wealth management solutions in China and its Yirendi division is listed on the NYSE.  The firm intends to raise $1B USD through its VC to invest in fintechs worldwide.  BTW, the image is a reformatted one from CreditEase’s English website.  We have absolutely no idea what it means, but we thought it had to be shared.

“BEIJING, Aug. 1, 2016 /PRNewswire/ — Based in Silicon Valley, USA, Ms. Patwardhan will work closely with CreditEase’s fund management team in China to support its global investment strategy, deal sourcing and investment management. With her deep expertise of the global financial services industry, Fintech ecosystem and regulatory engagement, she will play a key role in accelerating the fund’s position as a preeminent global Fintech investment platform.

Ms. Patwardhan is an alumnus of the Indian Institute of Technology (IIT) and the Indian Institute of Management (IIM), with further professional qualifications in risk management, board directorship and art appreciation. She is a Distinguished Fellow of Singapore Institute of Banking and Finance, the highest financial services industry accolade in Singapore. She serves on the World Economic Forum (WEF) steering committees on “Disruptive Innovation in Financial Services” and “Internet for All”.  She is also an advisor to the Government of Estonia on their e-residency program. 

CreditEase, established in 2006, is a leading Fintech company in China, specializing in small business and consumer lending as well as wealth management for high net worth and mass affluent investors. Its wholly owned subsidiary Yirendai (NYSE: YRD), an online consumer finance marketplace, is listed on the New York Stock Exchange.”

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