Prepaid Expenses and Other Current Assets (Tables)

12 Months Ended

Dec. 31, 2021

Prepaid Expense and Other Assets, Current [Abstract]

Schedule of Prepaid Expenses and Other Current Assets

	As of December 31,
	2020		2021
	(RMB in thousands)
Receivables from third-party payment service providers (i)		587,168		628,611
Deposits to Institutional Funding Partners (ii)		288,215		208,409
Prepayment to inventory suppliers		59,586		33,976
Prepaid input value-added tax		33,695		20,504
Staff advances		12,694		8,071
Rental deposits and other current assets		23,487		41,579
Total prepaid expenses and other current assets		1,004,845		941,150

(i)The Group opened accounts with third‑party payment service providers mainly to facilitate collection and transfer of the funds, interest and service fees from/to the Borrowers and Institutional Funding Partners. The balance of receivables from third‑party payment service providers represents amounts temporarily held in these accounts.

(ii)The balances represent deposits made to the Institutional Funding Partners to directly satisfy the principal and interest payment obligations in case of Borrowers’ defaults.