So Fan Hongyang was the first to express his position:

"Mr. Zhang, don't worry. Even if I risk my life, I will definitely overfulfill my bet. At worst, I will have to meet the qualifying standard."

After a period of training, Ding Siyao's temperament became more shrewd and capable, and she said firmly:

"Mr. Zhang, on the asset side, do you think we should continue to cooperate with external loan companies? Or should we build our own loan brand?

Even if you have made arrangements, I will work with all my energy in the next year so as not to hold anyone back."

Zhang Yida was deeply affected when he saw the two men looking at death as if they were at home. He said with great pride in his heart:

"Okay, let's go all out this time and fight to death. I don't believe we can't win this little bet."

Next, the three of them found notebooks and started brainstorming.

Zhang Yida shared with the two of him one by one all the various P2P operating methods and routines that later generations would know.

The three of them discussed each other, and at the same time recorded the results of the discussion, some operational methods and ideas one by one. In the following work, they will implement and implement them one by one.

A consensus has generally been formed:

“The US$25 million invested by venture capitalists is equivalent to about 150 million yuan in RMB.

To rely on these 150 million to complete a transaction volume of 5 billion or more is very stressful and almost unrealistic.

How to solve it?

To make money, Yimin Wealth Company itself began to generate revenue and generate stable cash flow.

Then use the money earned by the company and the more than 150 million invested by venture capital investors to increase advertising and promote it with all its strength.

It is necessary to not only promote the platform and improve performance, but also take into account the company's daily office expenses, R&D investment, and bad debts caused by lending, and the company needs to set aside risk reserves to fill the hole.

If we follow the current model, the annual transaction volume is 5 billion, which translates into an annualized investment of approximately 1 billion to 1.25 billion.

The cost of lending to small loan companies is about 20%, which can generate an income of 200 million to 250 million.

The capital cost of Yimin Wealth depends on the two major sectors. The interest rate is about 10%-16%. Because most users invest in short-term targets, the average rate of return is about 12%.

In addition to the activities and red envelopes organized by the platform, the cost is at least 3%, and the capital cost is not less than 15%. This cost expenditure is about 150 million to 187.5 million.

It is expected that the company will have at least one to two hundred people in the next year, and another RMB 30 to 40 million will be spent on office costs.

Even if the research and development of platform software and risk control system is less, it will still cost 10 to 20 million.

For bad debts, calculated at 5%, it is estimated that 50 million will be prepared.

In the final calculation, the revenue of more than 200 million is minus the capital cost of more than 100 million, office costs of 30 to 40 million, R&D investment of 10 to 20 million, and bad debts of 50 million.

There is a high probability that you will lose tens of millions!

Not to mention making money to support the company's advertising, it would be good if it can be responsible for its own profits and losses.

There is no way out, that is to lend money yourself!

Self-built loan companies can be divided into two types: online and offline.

Online means online loans, online applications, online reviews, and online loans.

The advantage is that it is fast, requires less personnel, and has low office costs. The disadvantage is that risk control is difficult, there is no sound credit system in the country, and you are afraid that you will not be able to recover the principal if you leave it blindly, and the bad debts are too high!

Offline, we learn that everyone has a loan. Yiyindai has opened loan stores across the country, and after passing the preliminary review by the business manager, auditors will be added to cooperate with the risk control system to review the loan.

The advantage is that the model can be copied quickly and risk control is relatively certain. The disadvantage is that there are too many people and it is difficult to manage, and office expenses are high.

I don’t care about the specific operation mode for now, but the three people on the self-built asset side agree on it.

The lending interest rate is set at 24% to 36%, forming differentiated competition with banks and other institutions.

Because the cost of funds is as high as ten points, and bank savings deposits are only two or three points, the lending rate will definitely be higher than that of banks.

The loan customers I make are also subprime loan customers that banks don’t want.

The bad debts of banks are only 1%-2%, and it is normal for P2P companies to have bad debts of 5%-10%.

Most companies take the route of covering high bad debts with high interest rates, and smooth out the bad debts through revenue and profits."

The three people discussed it and came up with a prototype, but the specific details still need to be unified and perfected.
Chapter completed!