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ValueWeb: How fintech firms are using bitcoin blockchain and mobile technologies to create the Internet by Chris Skinner

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1. Lufax—Chinese peer-to-peer lender

Value: $10 billion (£6.3 billion).

What it does: Chinese peer-to-peer loans and financing platform, one of the countries largest. As well as operating online, the company has around a hundred shops in 80 cities.

Why it’s hot: Lufax has financed 20,000 loans worth a collective $2.5 billion (£1.6 billion) since launch.

HQ: Shanghai.

Founded: 2011.

Raised: $485 million (£309 million).

2. Square—smartphone card readers, small business loans, and online payments

Value: $6 billion (£3.8 billion).

What it does: Originally focusing on smartphone debit and credit card readers, the company now has various different ...

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