FatCat FInance PangMaoBao is a part of Zhaogang group, the biggest e-commerce platform in China connecting steel makers and buyers. PangMaoBao provides supply chain financing against outstanding invoices. Since its start in May 2015, FatCat Finance has been in partnering with the leading B2B e-commerce platforms in China. PangMaoBao has helped them to translate transaction data into credit profiles and serve IOU financial tools to help SMEs. FatCAt Finance has reached 5,000 registered customers, and more than USD 60 million in IOU loans have been issued to date. In 2017, the company issued loans worth USD 47 million. Since 2017, Fat Cat Finance has experimented with blockchain technology to help the supply chain industry keep investments transparent and secure.