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Share-based compensation (Tables)

12 Months Ended

Dec. 31, 2019

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of assumptions used to determine fair value of stock options granted

		January 25,		June 29,		May 3,		October 11,		April 30,		May 9,		October 31,		April 30,
		2015		2015		2016		2017		2018		2018		2018		2019
		RMB		RMB		RMB		RMB		RMB		RMB		RMB		RMB
Fair value of underlying ordinary shares		4.91		9.66		16.98		30.29		41.33		38.14		26.74		16.65
Exercise Price		0.27		0.27		0.27 - 10.71		0.27 - 27.02		25.42		30.27		27.93		31.96
Expected Volatility per annum (“p.a.”)		43.00	%	38.00	%	42.00	%	38.60	%	45.47	%	39.3	%	43.90	%	30.15	%
Risk-Free Rate (p.a.)		1.81	%	2.33	%	1.81	%	2.35	%	2.96	%	2.94	%	3.15	%	2.97	%
Exercise Multiple		2.5		2.5		2.5		2.5		2.5		5.58-38.33		2.5		NIL
Dividend Yield (p.a.)		NIL		NIL		NIL		NIL		NIL		NIL		NIL		NIL
Time to Maturity (Years)		10		10		10		10		10		5		10		10

Stock options

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of stock option activity

												Intrinsic
												value of
		Number of		Exercise Price				Remaining				options
		Options		RMB				Contractual				RMB
Outstanding, as of January 1, 2019		77,466,699		0.27	-	30.27		6.07	-	9.83		457,386,371
Granted		155,000				31.96				9.33		—
Exercised		14,007,474		0.27	-	10.71		5.07	-	7.78		—
Forfeited/Cancelled		3,452,998		0.27	-	31.96		5.49	-	9.33		—
Outstanding, as of December 31, 2019		60,161,227		0.27	-	31.96		5.07	-	9.33		74,834,115
Vested and expected to vest as of December 31, 2019		60,161,227		0.27	-	31.96		5.07	-	9.33		74,834,115
Exercisable as of December 31, 2019		9,959,062		0.27	-	25.42		5.07	-	9.93		30,925,254

Schedule of allocated share-based compensation expense

		Year ended		Year ended
		December 31,		December 31,		Year ended December 31,
		2017		2018		2019		2019
		RMB		RMB		RMB		US$
Origination and servicing		55,403,160		103,124,758		88,671,136		12,736,812
General and administrative		18,227,289		66,264,371		60,445,030		8,682,385
Sales and marketing		379,126		2,447,356		1,827,414		262,492

Restricted stock units

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of stock option activity

				Weighted-Average
		Number of		Grant-Date
		Restricted Shares		Fair Value RMB
Outstanding, as of January 1, 2019		—		—
Granted		3,689,400		8.21
Vested		49,998		17.60
Forfeited		—		—
Outstanding, as of December 31, 2019		3,639,402		8.21

Schedule of allocated share-based compensation expense

		Year ended December 31,
		2019		2019
		RMB		US$
Origination and servicing		446,808		64,180
General and administrative		5,717,025		821,199
Sales and marketing		8,682		1,247

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- Definition

Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value.

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