Welcome to our dedicated page for Finvolution Group news (Ticker: FINV), a resource for investors and traders seeking the latest updates and insights on Finvolution Group stock.
FinVolution Group operates a fintech platform that connects younger borrowers with financial institutions across China and international markets, including Indonesia and the Philippines. Its updates commonly cover unaudited quarterly and annual results, transaction volume, outstanding loan balances, registered-user and borrower metrics, repeat-borrower activity and delinquency measures for its China and international operations.
Company news also addresses annual Form 20-F reporting, dividend declarations on its American depositary shares, and capital-return decisions made by the board. FinVolution’s platform disclosures emphasize automated loan transactions and technology used in credit risk assessment, fraud detection, big data and artificial intelligence.
FinVolution Group (NYSE: FINV), a leading fintech platform in China, announced its membership in the United Nations Global Compact (UNGC) on June 22, 2022. This commitment underscores FinVolution's dedication to corporate responsibility across human rights, labor, environment, and anti-corruption. With over 145.3 million registered users as of March 31, 2022, the company aims to enhance its socially responsible business practices globally. The UNGC, launched in 2000, is the world's largest corporate sustainability initiative, promoting responsible business behavior among its 15,000+ signatories.
FinVolution Group (FINV) reported impressive financial results for Q1 2022, highlighted by a record total transaction volume of RMB39.7 billion, a 48.1% year-over-year increase. While net revenue rose 15.8% to RMB2,446.8 million, net profit fell 9.9% to RMB534.3 million compared to Q1 2021. The company maintained strong operational performance with 145.3 million cumulative registered users and growth in small business loans, which saw a 122.7% increase. Despite a positive outlook, the delinquency ratio rose to 1.64%.
FinVolution Group (NYSE: FINV) will report its Q1 2022 financial results on May 31, 2022, after U.S. market close. A conference call featuring management will take place at 8:30 PM ET on the same day. Investors can access a live webcast at https://ir.finvgroup.com. The company continues to connect underserved borrowers with financial institutions in China, having served over 140.3 million cumulative registered users by December 31, 2021. Details for participation and dial-in numbers for the call are provided.
FinVolution Group (NYSE: FINV) announced that it has been identified by the SEC as a Commission-Identified Issuer under the Holding Foreign Companies Accountable Act (HFCAA). This identification arose from the Company’s 2021 annual report, indicating that its auditor’s working papers cannot be fully inspected by the PCAOB. Companies identified for three consecutive years under this act face potential delisting from U.S. exchanges. FinVolution is actively seeking solutions while ensuring compliance with regulations in both China and the U.S.
FinVolution Group (FINV) announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the SEC on April 29, 2022. The report includes the company's audited consolidated financial statements and is available for access online. FinVolution is a leading fintech platform in China, established in 2007, connecting underserved borrowers with financial institutions. As of December 31, 2021, it boasts over 140.3 million cumulative registered users, showcasing its significant market presence.
FinVolution Group (NYSE: FINV) has declared a cash dividend of US$0.205 per American Depositary Share, reflecting a payout ratio of approximately 15% of its net income for fiscal year 2021. This dividend, set to be distributed around May 6, 2022, marks the fourth consecutive year of dividend distribution. The board has committed to an annual cash dividend policy, ensuring a minimum of 10% of net income post-tax from the previous fiscal year. The company aims to return value to shareholders while maintaining operational momentum and growth.
FinVolution reported record transaction volume of RMB137.4 billion for 2021, marking a 111.1% increase year-over-year. The company anticipates 2022 transaction volume between RMB175 billion and RMB180 billion, representing a growth of 27.4% to 31.0%. In Q4 2021, net revenue rose by 32.1% to RMB2.4 billion, while net profit increased by 30.6% to RMB649.7 million. The number of new individual borrowers reached over 1 million for four consecutive quarters, showcasing robust growth. Despite increased expenses in sales and marketing, the balance sheet remains strong with cash and short-term investments of RMB5.6 billion.
FinVolution Group (NYSE: FINV), a leading fintech platform, will report its fourth quarter and fiscal year 2021 unaudited financial results on March 14, 2022, after U.S. markets close.
Management will host a conference call at 8:30 PM ET on the same day. Dial-in details are provided for various regions, including the U.S., Canada, and China. The call will be accessible via a live and archived webcast on the Company’s investor relations website.
FinVolution connects underserved borrowers with financial institutions, boasting over 135.6 million registered users as of September 30, 2021.
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Lightspeed China Partners announced the closing of two record fundraising rounds: Lightspeed China Partners V and Select II, each with $460M. This marks the largest fundraising in LCP's history. The funds will invest in early-stage and emerging growth sectors in China, focusing on green tech, deep tech, enterprise tech, health tech, and consumer industries. The oversubscription reflects strong backing from institutional partners across the U.S., Europe, and Asia, demonstrating investor confidence in sustainable innovation.