SBI, JP Morgan, Macquarie Group, UBS, Goldman Sachs and UOB have all invested in the online wealth manager at a $38bn pre-money valuation.
China-based online financial services provider Lufax has raised $1.33bn in a founding round co-led by financial services firm SBI Holdings, Reuters reported yesterday, citing people with direct knowledge of the matter.
Financial services firms JP Morgan, Macquarie Group, UBS and UOB also participated, as did investment banking firm Goldman Sachs’ Private Equity Group.
Private equity firm Primavera Capital, investment fund All-Stars Investment and the state-owned Qatar Investment Authority co-led the round with SBI, and it was filled out by venture…
