Finvolution Group Stock Price, News & Analysis

FinVolution Group (NYSE: FINV), a prominent fintech platform in China, will release its third quarter 2021 financial results on November 18, 2021, prior to U.S. market opening. A conference call is scheduled for 7:00 AM U.S. Eastern Time on the same day. Participants are encouraged to dial in 5 minutes early. The company connects underserved borrowers with financial institutions and has over 130.8 million registered users as of June 30, 2021. Detailed earnings will be available on their investor relations website.

FinVolution Group (NYSE: FINV) announced an increase in its full-year 2021 transaction volume guidance to RMB130 billion to RMB135 billion, marking a year-on-year increase of 102.8% to 110.6%. This adjustment reflects the company's robust strategic execution and enhanced confidence in business momentum amidst changing market conditions. As of September 2021, 77% of loans facilitated were at 24% or less per annum. CEO Feng Zhang emphasized the firm's commitment to technology investment and improved customer experience while navigating the ongoing challenges presented by the Delta variant.

FinVolution Group (NYSE: FINV) announced a strategic cooperation with PT Bank Jago to enhance its Indonesian financial application, AdaKami. This partnership increases financing capacity by 100 billion Rupiah and aims to boost credit access, supporting economic growth and financial inclusion. The agreement allows AdaKami to expand its market presence in various segments in Indonesia. CEO Feng Zhang emphasized a shift towards better-quality borrowers and lower interest rates as part of their strategy to increase market share in Southeast Asia.

FinVolution Group (NYSE: FINV) announced the successful issuance of RMB200 million in asset-backed securities (ABS) on September 29, 2021. These securities will be backed by consumer loans and will be traded on the Shenzhen Stock Exchange. The company reported a significant milestone with a 90-day-plus delinquency ratio of just 1.01% as of June 30, 2021, reflecting improved borrower quality. CEO Feng Zhang emphasized the importance of this issuance for attracting high-quality funding and borrowers, supported by advanced technologies and credit risk management.

FinVolution Group (NYSE: FINV), a leading fintech platform in China, announced its inclusion in the FTSE Global Equity Index Series, effective after the close of business on September 17, 2021. CEO Feng Zhang highlighted this milestone as a significant enhancement of the company’s investment appeal and visibility to global investors, reflecting FinVolution's growth and leadership in the FinTech sector. The inclusion is expected to attract more international investors, diversifying the company’s investor base.

FinVolution Group (NYSE: FINV), a leading fintech platform in China, announced strategic cooperation agreements with Yillion Bank and Ocean Engine on September 9, 2021. This partnership aims to enhance growth opportunities for traditional financial institutions across marketing, operations, and credit risk management. The collaboration is expected to leverage joint strengths for digital transformation in financial services. As of June 30, 2021, FinVolution boasts over 130.8 million cumulative registered users, underlining its market presence and innovative technology in consumer finance.

FinVolution Group (NYSE: FINV) reported strong Q2 2021 results, achieving a net revenue of RMB2,384.1 million (US$369.3 million), a 31.7% increase year-over-year. The total transaction volume surged to RMB33.4 billion, up 153.0% YoY, with 1.18 million new individual borrowers, reflecting a growth of 500.5%. The company also expanded its international reach, registering substantial increases in both transaction volume and borrowers in international markets. The net profit reached RMB620.4 million (US$96.1 million), increasing by 36.6% YoY.

FinVolution Group (NYSE: FINV), a leading fintech platform in China, announced it will report its unaudited financial results for Q2 2021 on August 23, 2021, before U.S. market opening. An earnings conference call will follow at 8:00 AM ET that day. Attendees can access the call via provided dial-in numbers or through a live and archived webcast available on the company’s investor relations website. As of March 31, 2021, FinVolution had over 125.3 million cumulative registered users, highlighting its significant market presence.