LexinFintech Holdings Ltd is a leading online consumer finance provider in China, known for its platform Fenqile.com. This platform offers a variety of financial products, including installment purchase loans and personal loans, alongside direct sales with installment options. LexinFintech also brings to the table the Le Hua Card, focusing on scenario-based lending, and the Maiya app for location-based shopping with flexible payment solutions. Additionally, it supports financial institutions with technology-driven services to boost efficiency and reduce costs, while also offering investment opportunities through Juzi Licai. Founded in 2013 and based in Shenzhen, LexinFintech is at the forefront of merging finance with technology.
Out of the gate, shares of LexinFintech (NASDAQ: LX) are up about 12%, or 80 cents. It’s up on news of a $50 million share buyback program. It’s also up on CEO…
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