PangMaoBao

Last Updated: 30.09.2017. Date when the basic information was updated
PangMaoBao
Loans Originated Total volume of loans issued by this company to borrowers since its founding.
€ 6.3 M
Loan portfolio Loans issued by the lending company to borrowers at the time of the most recent financial statement that are current or less than 60 days late.
€ 4.6 M
Buyback obligation A credit enhancement given by the lending company or other entity to the Issuer for a particular Set of Notes. If an underlying loan is more than 60 days late, the lending company is obligated to buy back the investment at nominal value plus accrued, outstanding or late interest. Usually, this means investors will be able to recover their investment in case of a borrower default.
Skin in the Game To ensure the interests of a lending company and investors are aligned, the company is required to keep a stake of each investment opportunity it offers through Mintos. This is called the company's skin in the game.
Average Interest % The weighted average interest rate of investment opportunities from this lending company.
Founded:
2012
Employees:
1400
Joined Mintos:
May 2017
Outstanding investments: Total volume of outstanding and available investments from this company on Mintos. Updated daily.
0

About

PangMaoBao provides supply chain financing against outstanding invoices to well-known companies such as Amazon, Disney, DHL, Siemens and others. Zhaogang is the biggest e-commerce platform for the steel industry in China. Zhaogang operates 46 branches throughout China and Asia, including branches in South Korea, Vietnam, Thailand and the United Arab Emirates.

 

Zhaogang has received backing from major venture capital firms in both China and abroad, including IDG, Sequoia Capital, Matrix Partners China and Zhen Fund. In January 2016, Zhaogang completed RMB 1.1 billion (EUR 151 million) series E round of financing, potentially the last round of financing before it is listed on the domestic stock market.

 

Last Updated: 17.08.2017

Last Updated: 17.08.2017

Last Updated: 17.08.2017