360 Finance, a fintech startup backed by the country’s security products provider Qihoo Technology, has filed with US Securities and Exchange Commission (SEC) for an up to $200 million IPO this year.

Founded in July 2016 and spun off from the parent company in September 2018, 360 Finance is a digital consumer finance platform, which provides consumer finance products to prime and underserved borrowers.

A total of 22.5 million individual loans have originated through the platform as of the end of September 2018, representing RMB94.4 billion ($13.57 billion) in funds.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.