LexinFintech
27/F CES Tower, No. 3099 Keyuan South Road, Shenzhen, Guangdong, 518057, China
Overview
LexinFintech Holdings is an online consumer finance platform for educated young adults in China. As one of China's leading financial technology companies, Lexin integrates its e-commerce-driven installment finance platform, Fenqile, with advanced risk management technologies, the Company's Dingsheng online investment platform, and the Company's Juzi Licai online investment platform for individual investors, to create a comprehensive consumer finance ecosystem. The Company utilizes technologies including big data, cloud computing and artificial intelligence to enable the near-instantaneous matching of user funding requests with offers from the Company's more than 30 funding partners, which include commercial banks, consumer finance companies, and other licensed financial institutions. By serving the credit needs of China's educated young adults, Lexin helps its more than 20 million registered users to enjoy a better quality of life through the use of better credit.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 6
Sector focus
- Consumer
- E-Commerce
- Finance
- Financial Services
- FinTech
- Venture Capital
Investment portfolio
- Boro
Led · Series A · Mar 2020
Boro provides affordable loans and financial education to college students and recent graduates who are underserved by traditional lenders. It offers microloans that cover expenses such as textbooks, class fees, groceries, and test prep materials. Boro uses a proprietary non‑FICO loan application process that allows students to obtain credit and build their credit histories, even without prior credit history or a Social Security number. Its financial products are available at over 200 colleges and universities in 31 states. The company plans to use new funding to expand to more colleges and universities in additional states and to further improve its financial technologies to increase U.S. market penetration. Financially, Boro raised $12M in Series A funding led by LexinFintech, and previously secured a $100M line of credit from Arcadia Funds in 2018 and a $2M angel round in 2017.