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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

6.23

Mkt cap

1.6B

Volume

287K

High

6.25

P/E Ratio

5.37

52-wk high

7.24

Low

5.99

Div yield

0.04

52-wk low

4.22

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

FinVolution Group (NYSE:FINV) reported a decrease in Q1 earnings per share (EPS) to $0.29 from $0.36 year-over-year, and a slight decline in sales to $438.36 million from $444.21 million.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 7:18 am

FinVolution has announced a strategic cooperation agreement between its financial application Juanhand and UnionBank of the Philippines, aiming to enhance financial services in the Philippines.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:05 am

FinVolution has signed a strategic cooperation agreement with SeaBank Philippines to foster regional growth. This partnership aims to leverage FinVolution's technological capabilities and SeaBank's local market presence to enhance financial services in the region.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 9:32 am

Dada Nexus Limited reported disappointing fourth-quarter results, leading to a 9.1% drop in pre-market trading. The company also announced a $40 million share repurchase program. Other stocks experiencing pre-market losses include GDS Holdings, Star Bulk Carriers, FinVolution Group, M&T Bank Corporation, Tilray Brands, and MINISO Group, with various factors contributing to their declines.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 8:54 am

Lufax Holding Ltd. (NYSE:LU) announced a special dividend of $2.42 per ADS, which is about half of its closing price of $4.48, following a significant reduction in its loan portfolio as part of a de-risking strategy. Despite this, investor enthusiasm remains low due to skepticism towards Chinese online lenders and concerns over China's economic slowdown. Lufax's shift towards higher quality borrowers and consumer lending, along with a reduction in geographical reach and operational costs, has not yet convinced investors of its long-term prospects.

Portfolio Pulse from The Bamboo Works

March 25, 2024 | 1:54 pm

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