Lufax

Overview

Total Equity Funding: $1.69B in 2 Rounds from 6 Investors
Most Recent Funding: $1.2B Series B on January 18, 2016
Headquarters: Shanghai, Shanghai
Description: Shanghai Lujiazui International Financial Asset Exchange (“Lufax”) is an online marketplace for trading of financial assets.
Categories: Internet, Financial Services, Finance
Website: http://www.lufax.com/

Company Details

Founded: September, 2011
Aliases: Shanghai Lujiazui International Financial Asset Exchange, Lu.com
Contact: 86 13 8177 56374
Employees: 501 – 1k | 2 in Crunchbase

Shanghai Lujiazui International Financial Asset Exchange (“Lufax”) is an online marketplace for the origination and trading of financial assets. 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.
Lufax’s number of registered users surpassed 7 million by February 2015, while the volume of online transactions grew more than 8 times year-on-year. Close to 50% of Lufax transactions are now handled via mobile.
As a constant innovator and pioneer in the internet finance industry, Lufax has developed China’s most open, safe and convenient investment and financing platform. Investors come to Lufax for its broad product offering, diverse liquidity avenues and superior user experience. Asset owners look to Lufax to help them structure, price and place complex assets to investors in a credible and transparent manner.
Lufax takes full advantage of the latest big data and IT technologies, and leverages the most advanced risk assessment models and risk control systems. Combined with its value proposition to customers, Lufax has a competitive edge which it believes cannot be replicated.