About Lufax
Lufax is a company based in Shanghai (China) founded in 2011.. Lufax has raised $3.04 billion across 5 funding rounds from investors including Citi, Goldman Sachs and HSBC. Lufax operates in a competitive market with competitors including KoinWorks, Mintos, Assetz Capital, Bondora and CreditEase, among others.
- Headquarter Shanghai, China
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$5.91 B-42.51as on Dec 31, 2023
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Net Profit
$125.17 M-90.31as on Dec 31, 2023
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EBITDA
$1.27 B-62.42as on Dec 31, 2023
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Total Equity Funding
$3.04 B (USD)
in 5 rounds
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Latest Funding Round
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Investors
Citi
& 24 more
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Employee Count
Employee Count
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IPO & Listings of Lufax
Lufax is a publicly listed company on the NYSE with ticker symbol LU in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Funding Insights of Lufax
Lufax has successfully raised a total of $3.04B across 5 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Last Round
- First Round First Round
- Investors Count 25
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2020 | Amount | Debt – Conventional - Lufax | Valuation |
investors |
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| Dec, 2018 | Amount | Series C - Lufax | Valuation | Primavera , SBI Investment | |
| Jan, 2016 | Amount | Series B - Lufax | Valuation | BOC Investment , China Minsheng Bank |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lufax
Lufax has secured backing from 25 investors, including institutional and venture fund investors. Prominent investors backing the company include Citi, Goldman Sachs and HSBC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Tech focused VC investment company funding companies in China
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Founded Year | Domain | Location | |
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Investments in growth-stage companies are made by Hedosophia.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lufax
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Lufax
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lufax Comparisons
Competitors of Lufax
Lufax operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as KoinWorks, Mintos, Assetz Capital, Bondora and CreditEase, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of a P2P lending platform
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| domain | founded_year | HQ Location |
P2P marketplace for consumer and business loans
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| domain | founded_year | HQ Location |
Developer of online P2P marketplace for commercial real estate and business loans
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| domain | founded_year | HQ Location |
Online P2P marketplace for consumer and business loans
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| domain | founded_year | HQ Location |
Financial services in wealth management and microcredit loans are offered.
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| domain | founded_year | HQ Location |
P2P marketplace for consumer and business loans is operated.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lufax
Frequently Asked Questions about Lufax
When was Lufax founded?
Lufax was founded in 2011 and raised its 1st funding round 4 years after it was founded.
Where is Lufax located?
Lufax is headquartered in Shanghai, China.
Who is the current CEO of Lufax?
Zhao Rongshi is the current CEO of Lufax.
Is Lufax a funded company?
Lufax is a funded company, having raised a total of $3.04B across 5 funding rounds to date. The company's 1st funding round was a Series B of $1.22B, raised on Jan 01, 2015.
What is the annual revenue of Lufax?
Annual revenue of Lufax is $5.91B as on Dec 31, 2023.
What does Lufax do?
Founded in 2011 and based in Shanghai, China, operations are conducted in the fintech sector through an online P2P lending platform. Borrowers are matched with multiple lenders for personal loans, with funds disbursed following credit assessments. Insurance services are additionally provided to consumers, supporting the transfer of funds in a structured marketplace environment.
Who are the top competitors of Lufax?
Lufax's top competitors include Bondora, CreditEase and Mintos.
Is Lufax publicly traded?
Yes, Lufax is publicly traded on NYSE under the ticker symbol LU.
Who are Lufax's investors?
Lufax has 25 investors. Key investors include Citi, Goldman Sachs, HSBC, UBS, and J P Morgan.
What is Lufax's ticker symbol?
The ticker symbol of Lufax is LU on NYSE.
What is Lufax's valuation?
The valuation of Lufax is $38B as of Dec 2018.
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