Lufax

lendingp2p lendingonline loans

FOUNDING YEAR: 2011
LOCATION: China
Last Update: 01/05/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

About

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.

Focus

PRODUCTS & SERVICES

P2P loans, financing platform

REVENUE MODEL

Lufax makes money by matching borrowers with investors, collecting a 4% fee on each loan.

MAIN CLIENTS

Retail Lenders

Retail Borrowers and Retail Investors

Traction

VALUATION / MARKET CAP:

$39.4 B in 2019

REVENUE

$10M+ in 2018

REVENUE COMMENT:

The company had an estimated revenue of $556Million in 2018

ACTIVE USERS:

10.0000

TRACTION COMMENT:

Lufax has financed 20,000 loans worth a collective $2.5 billion (£1.6 billion) since launch. (2016)

Momentum

FUNDED

YES

TOTAL FUNDING

$1.69 B

DATE OF LAST FUNDING

Jan 2016

FUNDING SERIES

SERIES A  · $485 M  · Apr 2015

SERIES B  · $1.2 B  · Jan 2016

LISTED

NO

BASICS

FOUNDING YEAR:

2011

LOCATION:

China

Views:

227 VISITORS | 441 VIEWS
LATEST FUNDING ROUND

$1.69 B

About

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.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
Traction+
People+
Other+

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack