# LexinFintech Holdings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lexinfintech-holdings

- Industry: Financial Services
- Headquarters: Shenzhen, China
- Website: www.fenqile.com
- Total disclosed funding: $347M
- Latest round: Series D (Jun 15, 2016)
- Investors on record: 7

## About

LexinFintech Holdings provides innovative financial services focused on consumer credit, enabling users to manage purchases through flexible installment plans, particularly catering to the growing e-commerce market in China.Founded in 2013 and headquartered in Shenzhen, China, LexinFintech Holdings operates in the consumer credit sector, offering installment payment solutions. The company has raised a total of USD 300.00 mn, with the latest funding round, PIPE, securing USD 300.00 mn from PAG on December 21, 2017. LexinFintech has completed seven deals since its inception, reflecting a robust business model in the fintech industry.Fenqile, the main platform of LexinFintech, specializes in financial services aimed at the consumer credit market, offering installment payment solutions that simplify the purchasing process for consumers. The platform facilitates both online and offline retail purchases, targeting young professionals and students in urban regions of China. By partnering with various merchants, Fenqile enhances the shopping experience and addresses affordability challenges in consumer spending, particularly in the rapidly advancing e-commerce sector.In 2022, Fenqile generated revenue of USD 1,468.83 mn, with an EBITDA of USD 167.27 mn. The company profits through a transaction model that includes commission fees from merchants and interest on consumer installment plans, creating a balanced financial framework that promotes partnerships and customer loyalty.LexinFintech is focused on expanding its product offerings and geographic reach. The company is exploring new installment products designed to enhance user experiences in consumer credit. Additionally, LexinFintech aims to enter new markets by targeting regions with growing e-commerce sectors, leveraging recent funding of USD 300.00 mn to support these initiatives. The last significant deal, an IPO raising USD 108 mn by selling shares at USD 9 each, has positioned the company for strategic growth.

## Funding rounds

- Series D, Jun 15, 2016, $235M — Taikang Life, China Renaissance, CoBuilder Partners
- Series B, Dec 5, 2014, $100M — DST Global, BAI Capital, K2VC, MPC
- Series A, Aug 1, 2014, $10M — BAI Capital, K2VC, MPC
- Angel, Mar 21, 2014, $1.6M — K2VC, MPC

## Investors

- K2VC (https://capitalatlas.ai/funds/k2vc) — Angel, Series A, Series B
- MPC — Angel, Series A, Series B
- BAI Capital (https://capitalatlas.ai/funds/bai-capital) — Series A, Series B
- DST Global (https://capitalatlas.ai/funds/dst-global) — Series B
- Taikang Life — Series D
- China Renaissance (https://capitalatlas.ai/funds/china-renaissance) — Series D
- CoBuilder Partners — Series D