FinTech Magazine February 2019 | Page 82

TOP 10 82

01

Lufax

Based in Shanghai , Lufax ( also known as Lu . com ) operates an online peer-to-peer lending service , in addition to its online finance marketplace , which focuses on providing lending services to small-tomedium enterprises and individuals . Founded in 2011 , Lufax is currently the second-largest p2p lender in China . The company is primarily funded by Ping An Insurance and the Bank of China . Achieving unicorn status in 2014 , it is the second oldest company and unicorn on the top 10 . Lufax is currently valued at $ 38bn , slightly less than the company was aiming for in its December valuation , but more than double the estimated valuation when the company began its last round of funding in June 2018 . www . lu . com
FEBRUARY 2019