LexinFintech | Sustainability Performance
Offers consumer finance, lending, and digital financial services through online platforms.
2013
China
1,001 - 5,000 employees
Financial Services
$1B - 10B in revenue
$100M - 500M in profitability
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Sustainability Ranking & Industry Benchmark
#11262
Overallⓘ#810
in Chinaⓘ#499
in Financial ServicesⓘSustainability Maturity
ⓘSustainability Intent
ⓘOverview
Environmental
Nature and biodiversitySocial
ExternalitiesGovernance
SDG Impact
Critical
Controversy level
- LexinFintech Holdings Ltd (Nasdaq-listed Chinese consumer instalment lending/fintech platform (Fenqile brand), Shenzhen-headquartered despite occasional data-vendor South Korea misclassification) faced the contested February 2020 sustained Grizzly Research short report alleging Lexin reported fraudulent loan and delinquency data and understated credit losses (Lexin denied the allegations), plus sustained scrutiny over the 2020 to 2021 sustained PBOC/CBIRC crackdown on Chinese internet micro-lending platforms including the 24%/36% APR cap enforcement and sustained Chinese consumer credit customer welfare compliance affecting LexinFintech institutional shareholders amid Chinese fintech sector regulatory pressure.
