Lexinfintech Holdings Ltd. (China)

The Company offers online direct sales with installment payment terms and offers installment purchase loans and personal installment loans mainly through its retail and online consumer finance platform ( Platform ), www.fenqile.com, and its mobile application ( APP ) to young adults typically between the age of 18 and 36 ( Customers ) in the People s Republic of China ( PRC ).
The Company is a holding company and conducts its business mainly through its subsidiaries, variable interest entities ( VIEs ) and subsidiaries of the VIEs (collectively referred to as the Group )
BUSINESS
The Company focuses on serving the credit needs of educated young adults in China. The Company grows with its customers by offering convenient and innovative loan products to meet their credit needs at different stages of life. It had approximately 3.0 million active customers in 2016 and 3.3 million active customers in the nine months ended September 30, 2017, representing a 103 increase and a 34 increase from 2015 and the nine months ended September 30, 2016, respectively. As of September 30, 2017, the Company had over 6.5 million customers with an approved credit line and over 20 million registered users.
The Company s online consumer finance platform, Fenqile, addresses its customers credit needs by offering personal installment loans, installment purchase loans and other loan products. The Company offers a wide variety of competitively-priced products on our e-commerce channel and allow customers to use their credit lines to finance purchases. It matches customer loans with diversified funding sources, including individual investors on its Juzi Licai online investment platform, institutional funding partners in its direct lending programs and investors of its asset-backed securities.
2013 The Company formerly known as Staging Finance Holding Ltd., was incorporated in the Cayman Islands on November 22, 2013
The Company s common stock is traded on the NASDAQ under the symbol LX .