LexinFintech (LX) is a leading online consumer finance platform for educated young adults in China. Lexin integrates its e-commerce-driven installment finance platform, fund-matching technology platform and online investment platform to create a comprehensive consumer finance ecosystem. It utilizes technologies to enable the near-instantaneous matching of user funding requests with the company’s funding partners, including commercial banks, consumer finance companies and other licensed financial institutions.
Source: Lexin
It was listed on Nasdaq in December 2017. Its shares were priced at $9 each. Currently, the stock trades around $11.5.
We think Lexin is a solid