Jin Xiaoer (direct translation – “Financial Waiter”) is a patented platform specifically designed for loan brokerage companies and their sales representatives. In Q4 2019, Tenet acquired the platform, which had over 40,000 registered loan sales representatives who, in 2018, submitted loan requests totalling over $3 billion. Tenet integrated Jin Xiaoer into its Lending Hub platform, resulting in a significant increase in transactions. This milestone allowed the Lending Hub platform to seamlessly handle loan requests completed by registered Jin Xiaoer users, which includes sales reps from Jin Xiaoer Service Centres, sales reps from Lending-Hub-member loan brokers, and independent sales reps.
Jin Xiaoer’s acquisition helped Tenet complete the foundation of its commercial lending ecosystem and prepare for the next phase of its development – service expansion throughout the country.
Jin Xiaoer allows loan brokerage sales representatives to use the Jin Xiaoer mobile app to submit loan requests on behalf of their clients and have the requests matched with lenders and funded without the need for physical interaction between the representatives, the clients or any of the parties involved in the lending process. The platform’s proprietary innovations include the capacity for sales representatives to perform cross-sales with other service providers’ product portfolios and earn commissions on the referrals.