With Shiqiao’s inclusive financial services, can you get a loan to buy a truck in third- and fourth-tier cities?

Yes, Lionbridge has specially developed a "Lionbridge Point". You will have a Lionbridge Point before buying, just like a Sesame Point. Lionbridge uses Lionbridge's own data as well as third-party credit reporting, transaction behavior, etc. data to determine the driver's credit rating, and then matches different approval policies and product plans. This method is faster than going to the bank directly for a loan. Even if you live in a third- or fourth-tier city, you can buy a large truck through Shiqiao’s inclusive finance. I completed the process in less than a day. If I went to the bank and took less than ten days and a half, I would never be able to complete it. Most of Lionbridge's customers are individual truck drivers. For them, even if they have not conducted in-depth research or even know nothing about financial academics, they can quickly distinguish the pros and cons of a financial product through simple calculations, which also allows them to Shiqiao, a Fintech (financial technology)-driven company, quickly acquired sinking attributes.

In the development process of Shiqiao, improving capital strength, as the core competitiveness of the company, has always been given a high priority. Lionbridge first introduced Bain Capital, one of the world's top private equity funds, as its controlling shareholder in 2014, and then received 1 billion yuan in strategic financing jointly led by Baidu and Sunshine Fusion Capital in 2018. In 2019 In January of this year, it obtained equity financing from China Merchants Leasing, a directly affiliated enterprise of the central enterprise China Merchants Group, and has always been in a leading position in terms of capital volume.

The main difficulty in commercial vehicle finance lies in how to find potential customers and how to ensure the recovery of each payment. In order to achieve the first step, Shiqiao took advantage of its mature human resource management model and channel resources to form a team with sufficient penetration across the country. They understand the unique "language" and way of thinking of truck drivers and can communicate with them. Carry out barrier-free communication to ensure smooth transmission of information.

Such advantages are enough for a company to successfully break through the first wall of commercial vehicle finance. They are also the main reason why Shiqiao can achieve great commercial success even without extensive publicity before 2018. The reason is that their sufficiently accessible service methods and high-quality capital inflows enable them to firmly hold the bargaining chips for acquiring customers.

Not only that, the cooperation between Shiqiao and dealers also plays a vital role. Through the dealers, truck drivers can directly talk to Shiqiao, saving unnecessary manpower and time. cost. From 2012 to now, Shiqiao has issued more than 45 billion yuan in commercial vehicle financial loans, helped 140,000 truck drivers, solved the urgent needs of countless families, and helped them on the road to wealth.