LexinFintech Holdings Business Summary

LexinFintech Holdings Ltd. (LX) operates as a leading technology-driven personal financial service enabler in China, primarily generating revenue through credit facilitation fees, tech-empowerment service fees, and installment e-commerce commissions. The company’s business is divided into three primary segments: Credit Facilitation Services, which connects consumers with institutional funding partners; Tech-Empowerment Services, a high-margin, capital-light SaaS model providing risk management and operational tools to banks; and the Fenqile installment e-commerce platform. As of 2026, Lexin has successfully pivoted toward a "capital-light" strategy, reducing its own credit risk exposure while scaling its technology-as-a-service offerings. It competes directly with major Chinese fintech players such as Qfin Holdings (360 DigiTech), Lufax Holding, and Jiayin Group, positioning itself as a premium, technology-first provider targeting China’s educated young professional demographic. The company was founded in 2013 by Chairman and CEO Jay Wenjie Xiao, a former product manager at Tencent’s Tenpay who holds a significant 23.8% ownership stake. The executive leadership team includes Chief Financial Officer James Xigui Zheng, who previously served as CFO of Lufax Holding, and Chief Risk Officer Zhanwen Qiao, who oversees the firm’s proprietary AI-driven credit assessment systems. Following the 2025 retirements of President Jared Yi Wu and CTO Erwin Yong Lu, the firm has streamlined its management to focus on core technological integration. Lexin is supported by a high-pedigree board and investor base, including early backing from Matrix Partners China and independent directors such as Annabelle Yu Long (Managing Partner at Bertelsmann Asia Investments) and Xiaoguang Wu (a founding member of Tencent and co-founder of Welight Capital).