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.
Funding Rounds (2) - $1.69BUpdate
|Aug 19, 2017||asia.nikkei.com - Ping An's online lending platform Lufax turns profit ahead of IPO|
|Jul 24, 2017||South China Morning Post - Let’s copy Singapore, or at least the best part of its approach to fintech|
|Jul 18, 2017||straitstimes.com - China's Lufax to open regional hub here|
|Jul 18, 2017||businesstimes.com.sg - Fintech giant Lufax to launch online investment platform in Singapore|
|Jul 17, 2017||Reuters UK - China's Lufax to launch first overseas platform in Singapore|
|Jul 17, 2017||South China Morning Post - Lufax chooses Singapore over HK for new platform|
|Jul 17, 2017||businesstimes.com.sg - Lufax to launch first overseas online wealth management platform in Singapore|
|Feb 2, 2017||Cryptocoins News - FinTech Investment in China Doubled in 2016, Declines in Europe, US|
13-15F, No.1333 Lujiazui Huan Rd. Pudong
Shanghai, Shanghai 200120