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The largest online P2P marketplace in China that connects borrowers and investors. Borrowers obtain fast and convenient access to credit which is not available from traditional financing channels. Investors obtain access to an asset class that has historically been closed to individual investors. Lufax was incorporated in September, 2011 in Shanghai with the support of Shanghai’s Municipal Government, and has grown into China’s largest internet finance company in less than four years. The company is an associate of China Ping An Group, the largest and most innovative non-SOE financial institution in China.
PRODUCTS & SERVICES
P2P loans, financing platform
Lufax makes money by matching borrowers with investors, collecting a 4% fee on each loan.
Retail Borrowers and Retail Investors
VALUATION / MARKET CAP:
$39.4 B in 2019
$10M+ in 2018
The company had an estimated revenue of $556Million in 2018
Lufax has financed 20,000 loans worth a collective $2.5 billion (£1.6 billion) since launch. (2016)
DATE OF LAST FUNDING
SERIES A · $485 M · Apr 2015
SERIES B · $1.2 B · Jan 2016
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