No. 1 shop financial platform is online

On May 7th, “1 Finance”, a full-scale financial platform for No. 1 stores facing suppliers, merchants, third-party partners and customers, went live. The No. 1 store has also become another comprehensive e-commerce provider deeply involved in the field of Internet finance.

The "1Finance" platform is a financial platform built with the open logistics platform, big data platform, merchant management system, and customer management system of No. 1 store. At the supply chain, the current institutions that cooperate with No. 1 store include Postal Bank, Ping An Bank, and Bank of China.

Currently, "1Finance" platform has issued two products: "1 Guaranteed Loan" for suppliers and "1Yuan Insurance" for customers. Products such as “1 loan” and “1 credit” for mall merchants will also be launched in the coming year. "1 loan" is expected to be launched at the end of June this year.

"1 Guaranteed Loan" is a kind of service provided by banks based on the receivables between suppliers and No. 1 shop. Based on the accounts receivable confirmed by the self-supported supplier, the ** cycle lasted for a maximum of 6 months, and the paperless operation was realized. There was no guarantee of collateral. With the loan, the annualized interest rate was as low as the benchmark, and the loan was released in 3 minutes. The launch of this product will effectively meet the needs of suppliers for rapid cash flow.

Yu Gang, Chairman of No. 1 Store, said that "1 financial" is the first line of online thinking to provide a full range of financial services for suppliers, merchants, third-party partners and customers. The launch of "1 financial" will be 1 The development of No. 1 store has added new driving forces.

According to analysts in the financial industry, in the increasingly competitive e-commerce environment, the e-commerce financial business can not only improve operational efficiency, increase user stickiness, but also have the opportunity to earn big money from the financial business and increase profitability. In 2014, it will be a year for various e-commerce platforms to invest in Internet finance. The fight for Internet finance continues and continues to intensify.

In a broader sense, the e-commerce financial business has created a closed loop from supplier, sales, and ** to settlement for suppliers and merchants. Through this closed loop, the businesses and platforms are effectively linked together and the businesses Bundle on its own platform to provide platform consumers with effective and sustainable goods and services.

It is reported that the current No. 1 store will win more than 20,000 suppliers and settled businesses.