What does Money Nanny do?

Many investors may have recently heard about Money Nanny's liquidation, so do you know about Money Nanny? What does money nanny do? Today, I'm going to learn more about the situation with you. I hope it will be helpful to all investors.

Money nanny mainly do what?

Zhejiang Baizai Financial Information Service Co., Ltd. was founded on 26 September 2014, headquartered in Hangzhou, Zhejiang Province, with a registered capital of 100 million yuan.1 November 2014, its platform ‘money nanny’ was officially launched, the first day of the transaction amounted to more than ten million yuan.

Since its launch, MoneyNanny has always adhered to the ‘user’-centred business philosophy, pioneered the innovative model of ‘finance + life’, and is dedicated to creating a ‘financial management, better life’ of the new MoneyNanny, providing users with a wide range of financial services. New Money Nannies provides users with financial life services covering various life scenarios such as clothing, food, housing, travelling and playing, allowing users to have a higher quality of life while increasing their wealth.

After nearly three years of development, MoneyNanny has a complete system of products, research and development, risk control, finance and customer service, etc. Most of the management and technical research and development team come from the Internet, finance, banking, securities and other industries, and have a very deep theoretical foundation and practical experience in the financial field and the Internet industry, as well as a wealth of risk management and control of financial services institutions, Internet technology and security experience, and are committed to creating the ultimate Internet life service for users. Committed to creating the ultimate Internet product experience for users.

Money nanny latest news:

August 3, money nanny released benign withdrawal announcement, said due to the market environment and part of the borrower's company operations, investors confidence is insufficient, making the new investment sharply reduced, the outflow of funds increased dramatically, the platform has done a lot of overdue advances, unbearable, decided to benign winding up.

Announcement content shows:

1. The platform will no longer release new products, cash during the website, the system is normally maintained.

2. A collection team has been set up to increase the recovery efforts and try to ensure the rights and interests of investors.

The announcement shows that as of 3 August 2018, the platform pending repayment amount is 508 (including interest) million yuan, and all the pending amount will be paid in 24 months. During the platform redemption period, the money nanny will disclose the redemption list to the lenders through the announcement every month.

So, what problems should P2P lending novices pay attention to?

1, correctly face, recognise the risk, and strive to control and reduce the risk.

2, carefully select the platform, look more and move less, do not blindly follow the trend. Determined to invest in a network lending platform before, do your homework, you can check the inspection report of the industry portal, network lending ratings, turnover data, word of mouth and so on. Add a few more exchange groups and ask a few more old investors for their opinions.

3, be sure to diversify investment, eggs do not put in a basket. Decentralised investment is not blindly, casually dispersed, but carefully selected as a prerequisite. Diversification does not completely eliminate risk, but reduces the risk of fluctuations.

4, the first with small funds to test the waters, do not all at once all the funds are invested in P2P lending. To be familiar with, to be able to recognise the risk, feel sure, and then gradually increase the investment.