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FINV

FinVolution Group

https://ir.finvgroup.com

Industry

Financial - Credit Services

FinVolution Group operates fintech platform that connects underserved individual borrowers with financial institutions in China. It operates in online consumer finance industry. The company's platform empowered by proprietary technologies, features automated loan transaction process, which enables a user experience. As of March 31, 2022, it had approximately 145.3 million cumulative registered users. The company was formerly known as PPDAI Group Inc. and changed its name to FinVolution Group in November 2019. FinVolution Group was founded in 2007 and is headquartered in Shanghai, the People's Republic of China.

Open

6.80

Mkt cap

1.8B

Volume

929K

High

6.87

P/E Ratio

5.86

52-wk high

7.29

Low

6.75

Div yield

0.03

52-wk low

4.45

FinVolution Group is leveraging big data and machine learning to enhance free cash flow and operational efficiency, targeting young borrowers underserved by traditional institutions. The stock is considered undervalued, with potential for growth through automated platforms and stock repurchase programs.

Portfolio Pulse from

December 13, 2024 | 12:45 pm

FinVolution Group is focusing on its 'Local Excellence, Global Outlook' (LE-GO) strategy to drive growth in emerging markets outside China, aiming to increase international revenue to 20% by 2024. The company is optimizing risk management and funding costs to enhance profitability and shareholder returns, with promising growth in Indonesia and the Philippines.

Portfolio Pulse from

November 22, 2024 | 11:45 am

FinVolution Group held its Q3 2024 earnings call, discussing financial results and company performance.

Portfolio Pulse from

November 19, 2024 | 2:45 pm

FinVolution Group (NYSE: FINV) reported its Q3 2024 financial results, showing a 1.8% increase in total transaction volume to RMB52.2 billion. International transaction volume rose by 22.7%, contributing significantly to the company's growth. International revenues increased by 8.7%, making up 19.4% of total net revenues.

Portfolio Pulse from

November 18, 2024 | 10:15 pm

FinVolution Group will release its Q3 2024 financial results on November 18, 2024, after U.S. market close, with an earnings call scheduled for 7:30 p.m. ET.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

FinVolution Group's Indonesian financial application, AdaKami, has secured a $32 million funding facility from PT Super Bank Indonesia. This strategic partnership highlights AdaKami's successful transition to serving better-quality borrowers and strengthens its position in the Indonesian market.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:33 am

Yiren Digital Ltd. (NYSE:YRD) reported a 13% revenue growth in Q2, driven by small revolving loans. Despite increased provisions for bad debt, Yiren's loan quality remains stable compared to peers. The company plans to pay semi-annual dividends and has a low P/E ratio, making it an attractive investment despite profit declines.

Portfolio Pulse from The Bamboo Works

August 28, 2024 | 2:01 pm

FinVolution Group has reiterated its 2024 transaction volume guidance, expecting growth in both China and international markets. The company projects a 5-10% increase in China and a 20-40% increase internationally, despite ongoing market uncertainties.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 5:31 am

FinVolution Group (NYSE:FINV) reported a 7.14% increase in Q2 earnings per share to $0.30, and a 2.78% increase in sales to $435.93 million compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 5:22 am

FinVolution Group (NYSE:FINV) has partnered with Maya Bank for a $47.5 million loan deal in the Philippines. This agreement aims to improve credit accessibility for the unbanked and underserved communities in the country, expanding FinVolution's service offerings and potential future collaborations.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 9:03 am

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