Weidai Ltd. engages in the provision of auto-backed financing solutions. The company is headquartered in Hangzhou, Zhejiang and currently employs 531 full-time employees. The company went IPO on 2018-11-15. The firm mainly provides small and micro enterprise owners with accessible credit service. Its platform connects borrowers, the majority of which are small and micro enterprise owners, with both online investors and institutional funding partners. The firm also provides other secured and unsecured loan services. The Company’s lending decisions are generally made within 30 minutes of application after information collection and automobile appraisal, and loans are generally disbursed within the same day, including weekends, delivering superior user experience.