MYBank is backed by Ant Group, the mobile payment affiliate spun off from Alibaba. Unlike WeBank, which focuses on ordinary users, MYBank focuses on loans to small and medium-sized enterprises and rural farmers. The bank’s services are integrated with Alipay, Ant’s payments platform. MyBank has a “310” lending model: Applications completed within three minutes, approved in a second, all with zero human interaction.
- Company Information
- Fintech Innovators Asia
- Updated:11/6/24
- Country/Territory:China
- Headquarters:Hangzhou
- Industry:Commercial Banks
- CEO:Jiang Hao
- Website:https://www.mybank.cn
- Ticker:
- Company type:Private
- Revenues ($M):$3,661
- Profits ($M):$593
- Market value ($M):
- Number of employees:
Figures are for fiscal year ended Dec. 31, 2023.
- Category:Digital Banks
- Rank within category:3
MYBank in Fortune Rankings
- Fintech Innovators Asia