Rise of Micro Connect sparks debate on revenue-based financing model in China

Rise of Micro Connect sparks debate on revenue-based financing model in China

Charles Li, chairman and co-founder of Micro Connect Group. Image Courtesy of Micro Connect Group.

Hong Kong-based Micro Connect, a microfinance platform that recently secured $458 million in a Series C funding round, has drawn sharp criticism for its revenue-based financing (RBF) model – a concept relatively new in China.