FinVolution Group, an investment holding company, operates an online consumer finance marketplace in the People's Republic of China. It operates a fintech platform that connects underserved individual borrowers with financial institutions. The company's platform provides standard and other loan products. As of December 31, 2020, it had approximately 116.1 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.
IPO Year: 2017
Exchange: NYSE
Website: ir.finvgroup.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/18/2023 | Buy | Nomura | |
| 7/26/2023 | $6.70 | Buy | Daiwa Securities |
| 3/15/2023 | $5.68 → $5.08 | Buy → Neutral | Citigroup |
| 2/1/2023 | Neutral → Buy | UBS | |
| 9/29/2022 | $6.20 | Buy | China Renaissance |
| 6/1/2022 | $3.27 → $5.33 | Neutral → Buy | Citigroup |
| 12/20/2021 | $5.60 | Buy → Neutral | UBS |
| 9/21/2021 | $9.19 | Buy | China Renaissance |
-Third Quarter Total Transaction Volume reached RMB52.2 billion, up 1.8% year-over-year--Third Quarter International Transaction Volume reached RMB2.7 billion, up 22.7% year-over-year--Third Quarter International Revenues increased to RMB635.5 million, up 8.7% year-over-year, contributing 19.4% of total net revenues- SHANGHAI, Nov. 18, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution" or the "Company") (NYSE:FINV), a leading fintech platform in China, Indonesia and the Philippines, today announced its unaudited financial results for the third quarter ended September 30, 2024. For the Three Months Ended/As of YoY Change September 30, 2023 September 30, 2024 Total Transaction Volume (RMB
-Earnings Call Scheduled for 7:30 p.m. ET on November 18, 2024- SHANGHAI, Nov. 5, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution", or the "Company") (NYSE:FINV), a leading fintech platform, today announced that it will report its third quarter 2024 unaudited financial results, on Monday, November 18, 2024, after the close of U.S. markets. The Company's management will host an earnings conference call at 7:30 PM U.S. Eastern Time on November 18, 2024 (8:30 AM Beijing/Hong Kong Time on November 19, 2024). Dial-in details for the earnings conference call are as follows: United States (toll free): +1-888-346-8982 Canada (toll free): +1-855-669-9657 International: +1-
-H1 China Transaction Volume reached RMB92.5 billion, up 6.0% year-over-year--H1 International Transaction Volume reached RMB4.5 billion, up 32.4% year-over-year--H1 International Revenues increased to RMB1,157.7 million, up 21.9% year-over-year and contributing 18.3% of total net revenues- SHANGHAI, Aug. 20, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution" or the "Company") (NYSE:FINV), a leading fintech platform, today announced its unaudited financial results for the second quarter ended June 30, 2024. For the Three Months Ended/As of YoY Change June 30, 2023 June 30, 2024 Total Transaction Volume (RMB in billions)1 47.3 48.7 3.0 % Transaction Volume (China's Mainland)2
-Earnings Call Scheduled for 8:30 p.m. ET on August 20, 2024- SHANGHAI, Aug. 6, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution", or the "Company") (NYSE:FINV), a leading fintech platform, today announced that it will report its second quarter 2024 unaudited financial results, on Tuesday, August 20, 2024, after the close of U.S. markets. The Company's management will host an earnings conference call at 8:30 PM U.S. Eastern Time on August 20, 2024 (8:30 AM Beijing/Hong Kong Time on August 21, 2024). Dial-in details for the earnings conference call are as follows: United States (toll free): +1-888-346-8982 Canada (toll free): +1-855-669-9657 International: +1-412-90
-First Quarter China Transaction Volume reached RMB46.1 billion, up 10.3% year-over-year--First Quarter International Transaction Volume reached RMB2.21 billion, up 40.8% year-over-year--First Quarter International Revenues increased to RMB594.8 million, up 32.9% year-over-year and contributing 18.8% of total net revenues- SHANGHAI, May 15, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution" or the "Company") (NYSE:FINV), a leading fintech platform, today announced its unaudited financial results for the first quarter ended March 31, 2024. For the Three Months Ended/As of YoY Change March 31, 2023 March 31, 2024 Total Transaction Volume (RMB in billions)[1] 43.4 48.3 11.3 % Transaction V
-Earnings Call Scheduled for 8:30 p.m. ET on May 15, 2024- SHANGHAI, May 8, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution", or the "Company") (NYSE:FINV), a leading fintech platform, today announced that it will report its first quarter 2024 unaudited financial results, on Wednesday, May 15, 2024, after the close of U.S. markets. The Company's management will host an earnings conference call at 8:30 PM U.S. Eastern Time on May 15, 2024 (8:30 AM Beijing/Hong Kong Time on May 16, 2024). Dial-in details for the earnings conference call are as follows: United States (toll free): +1-888-346-8982 Canada (toll free): +1-855-669-9657 International: +1-412-902-4272 Hong
Marks FINV's sixth consecutive year of dividend declarations SHANGHAI, March 18, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution," or the "Company") (NYSE:FINV), a leading fintech platform, today announced that its board of directors (the "Board") has approved a cash dividend of US$0.237 per American Depositary Share (ADS) for fiscal year 2023. The dividend is expected to be distributed on or around May 7, 2024 to shareholders of record as of the close of business on April 16, 2024. The decision to distribute dividends and the amount of such dividend payments was determined at the Board's discretion based on the Company's operations, earnings, cash flows, financial condition and other
-2023 Full Year Total Transaction Volume reached new record high of RMB194.3 billion, up 10.8% compared to Fiscal Year 2022- -2023 Full Year Net Revenues reached new record high to RMB12.5 billion, up 12.7% compared to Fiscal Year 2022- -2023 Full Year International Transaction Volume increased to RMB7.85 billion, up 84.7% compared to Fiscal Year 2022- -2023 Full Year International Revenues increased to RMB2.1 billion, up 85.9% compared to Fiscal Year 2022 and contributing 17.0% of total net revenues- SHANGHAI, March 18, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution" or the "Company") (NYSE:FINV), a leading fintech platform, today announced its unaudited financial results for the four
-Earnings Call Scheduled for 8:30 p.m. ET on March 18, 2024- SHANGHAI, March 5, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution", or the "Company") (NYSE:FINV), a leading fintech platform, today announced that it will report its fourth quarter and fiscal year 2023 unaudited financial results, on Monday, March 18, 2024, after the close of U.S. markets. The Company's management will host an earnings conference call at 8:30 PM U.S. Eastern Time on March 18, 2024 (8:30 AM Beijing/Hong Kong Time on March 19, 2024). Dial-in details for the earnings conference call are as follows: United States (toll free): +1-888-346-8982 Canada (toll free): +1-855-669-9657 Internationa
-International transaction volume increased 99.1% year-over-year, contributing 18.3% of total revenue- -International revenue reached RMB584.8 million, a year-over-year increase of 67.3%- SHANGHAI, Nov. 20, 2023 /PRNewswire/ -- FinVolution Group ("FinVolution" or the "Company") (NYSE:FINV), a leading fintech platform, today announced its unaudited financial results for the third quarter ended September 30, 2023. For the Three Months Ended / As of YoY Change September 30, 2022 September 30, 2023 Total Transaction Volume (RMB in billions)[1] 45.5 51.3 12.7 % Transaction Volume (China's Mainland)[2] 44.4 49.1 10.6 % Transaction Volume (International)[3] 1.11 2.21 99.1 % Total Outsta
-Third Quarter Total Transaction Volume reached RMB52.2 billion, up 1.8% year-over-year--Third Quarter International Transaction Volume reached RMB2.7 billion, up 22.7% year-over-year--Third Quarter International Revenues increased to RMB635.5 million, up 8.7% year-over-year, contributing 19.4% of total net revenues- SHANGHAI, Nov. 18, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution" or the "Company") (NYSE:FINV), a leading fintech platform in China, Indonesia and the Philippines, today announced its unaudited financial results for the third quarter ended September 30, 2024. For the Three Months Ended/As of YoY Change September 30, 2023 September 30, 2024 Total Transaction Volume (RMB
-Earnings Call Scheduled for 7:30 p.m. ET on November 18, 2024- SHANGHAI, Nov. 5, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution", or the "Company") (NYSE:FINV), a leading fintech platform, today announced that it will report its third quarter 2024 unaudited financial results, on Monday, November 18, 2024, after the close of U.S. markets. The Company's management will host an earnings conference call at 7:30 PM U.S. Eastern Time on November 18, 2024 (8:30 AM Beijing/Hong Kong Time on November 19, 2024). Dial-in details for the earnings conference call are as follows: United States (toll free): +1-888-346-8982 Canada (toll free): +1-855-669-9657 International: +1-
SHANGHAI, Oct. 29, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution," or the "Company") (NYSE:FINV), a leading fintech platform, today announced that its Indonesian financial application, AdaKami, has entered into a strategic funding agreement with PT Super Bank Indonesia, a leading digital-focused bank in Indonesia. Under the terms of the agreement, Superbank will provide AdaKami with a funding facility of 500.0 billion Rupiah (approximately US$32.0 million). This funding arrangement highlights AdaKami's recognition by a leading local bank following its successful transition to serving better-quality borrowers. With this agreement, Superbank will become AdaKami's strong funding partner
-H1 China Transaction Volume reached RMB92.5 billion, up 6.0% year-over-year--H1 International Transaction Volume reached RMB4.5 billion, up 32.4% year-over-year--H1 International Revenues increased to RMB1,157.7 million, up 21.9% year-over-year and contributing 18.3% of total net revenues- SHANGHAI, Aug. 20, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution" or the "Company") (NYSE:FINV), a leading fintech platform, today announced its unaudited financial results for the second quarter ended June 30, 2024. For the Three Months Ended/As of YoY Change June 30, 2023 June 30, 2024 Total Transaction Volume (RMB in billions)1 47.3 48.7 3.0 % Transaction Volume (China's Mainland)2
-Earnings Call Scheduled for 8:30 p.m. ET on August 20, 2024- SHANGHAI, Aug. 6, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution", or the "Company") (NYSE:FINV), a leading fintech platform, today announced that it will report its second quarter 2024 unaudited financial results, on Tuesday, August 20, 2024, after the close of U.S. markets. The Company's management will host an earnings conference call at 8:30 PM U.S. Eastern Time on August 20, 2024 (8:30 AM Beijing/Hong Kong Time on August 21, 2024). Dial-in details for the earnings conference call are as follows: United States (toll free): +1-888-346-8982 Canada (toll free): +1-855-669-9657 International: +1-412-90
SHANGHAI, July 2, 2024 /PRNewswire/ -- Deepfake technology, an artificial intelligence tool capable of generating convincingly fake audio and video, is increasingly being used to perpetrate financial crimes worldwide, raising serious concerns about sophisticated fraud. In a notable incident reported by CNN earlier this year, a finance worker was tricked into transferring $25 million during a video call with an individual posing as the company's chief financial officer (CFO), who was actually a deepfake. Such an incident has intensified fears about the vulnerability of financial systems to advanced fraud techniques. Furthermore, global fintech platforms are confronting a rising wave of AI-dr
SHANGHAI, June 24, 2024 /PRNewswire/ -- FinVolution Group, a leading fintech company, has been awarded the "Best Consumer Lending Technology Implementation in China" alongside CITIC Consumer Finance at the Asian Banker China Awards 2024. This award acknowledges FinVolution's dedication to providing innovative technology to financial institution partners. The Asian Banker Awards are known for their rigorous and transparent evaluation process within China's financial industry. This year, the awards received over 400 entries from more than 160 institutions across the financial and fintech sectors. The award highlighted FinVolution's efforts in enhancing the resources and business scale of its
SHANGHAI, June 20, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution," or the "Company") (NYSE:FINV), a leading fintech platform, today announced that its Philippines financial subsidiaries Wefund Lending Corporation and Lightning Financing Company entered into a loan facilitation agreement totaling 2.75 billion Peso (US$47.5 million) with Maya Bank, a pioneering digital bank dedicated to empowering the experience of its consumers and enterprise clients, and improve credit accessibility for the unbanked and underserved communities in the Philippines. JuanHand, an online lending platform with around 6 million registered users under Wefund Lending Corporation emerged as the preferred onlin
SINGAPORE, May 31, 2024 /PRNewswire/ -- 51Talk Online Education Group ("51Talk" or the "Company") (NYSE:COE), a global online education platform with core expertise in English education, announced today that its board of directors (the "Board") has appointed Mr. Jimmy Lai as an independent director, effective June 1, 2024. Mr. Jimmy Lai will also serve as a member and chairman of the audit committee of the Board, a member of the compensation committee of the Board, and a member of the nominating and corporate governance committee of the Board. Effective May 31, 2024, Mr. Shengwen (Roy) Rong resigned as a director of the Company for personal reasons and stepped down as a member and chairman o
-First Quarter China Transaction Volume reached RMB46.1 billion, up 10.3% year-over-year--First Quarter International Transaction Volume reached RMB2.21 billion, up 40.8% year-over-year--First Quarter International Revenues increased to RMB594.8 million, up 32.9% year-over-year and contributing 18.8% of total net revenues- SHANGHAI, May 15, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution" or the "Company") (NYSE:FINV), a leading fintech platform, today announced its unaudited financial results for the first quarter ended March 31, 2024. For the Three Months Ended/As of YoY Change March 31, 2023 March 31, 2024 Total Transaction Volume (RMB in billions)[1] 43.4 48.3 11.3 % Transaction V
Nomura initiated coverage of FinVolution Group with a rating of Buy
Daiwa Securities initiated coverage of FinVolution Group with a rating of Buy and set a new price target of $6.70
Citigroup downgraded FinVolution Group from Buy to Neutral and set a new price target of $5.08 from $5.68 previously
UBS upgraded FinVolution Group from Neutral to Buy
China Renaissance resumed coverage of FinVolution Group with a rating of Buy and set a new price target of $6.20
Citigroup upgraded FinVolution Group from Neutral to Buy and set a new price target of $5.33 from $3.27 previously
UBS downgraded FinVolution Group from Buy to Neutral and set a new price target of $5.60
China Renaissance initiated coverage of FinVolution Gr with a rating of Buy and set a new price target of $9.20
Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded FinVolution Group from Neutral to Buy and set a new price target of $7.00 from $5.72 previously
Citigroup upgraded FinVolution Group from Neutral to Buy and set a new price target of $7.00 from $5.72 previously
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FinVolution Group ("FinVolution," or the "Company") (NYSE:FINV), a leading fintech platform, today announced that its Philippines financial subsidiaries Wefund Lending Corporation and Lightning Financing Company entered into a loan facilitation agreement totaling 2.75 billion Peso (US$47.5 million) with Maya Bank, a pioneering digital bank dedicated to empowering the experience of its consumers and enterprise clients, and improve credit accessibility for the unbanked and underserved communities in the Philippines. JuanHand, an online lending platform with around 6 million registered users under Wefund Lending Corporation emerged as the preferred online platform for tech-empowered cash lendi
FinVolution Gr (NYSE:FINV) reported quarterly earnings of $0.29 per share. This is a 19.44 percent decrease over earnings of $0.36 per share from the same period last year. The company reported $438.36 million in sales this quarter. This is a 1.32 percent decrease over sales of $444.21 million the same period last year.
U.S. stock futures were higher this morning, with the Nasdaq futures gaining by around 70 points on Tuesday. Shares of Dada Nexus Limited (NASDAQ:DADA) shares fell sharply in today's pre-market trading after the company reported downbeat fourth-quarter results. The company’s board authorized share repurchase program of up to $40 million of American Depository Shares for two-year period through March 2026. Dada Nexus shares dipped 9.1% to $2.30 in pre-market trading. Here are some big stocks recording losses in today’s pre-market trading session. GDS Holdings Limited (NASDAQ:GDS) fell 6.1% to $7.86 in pre-market trading. GDS Holdings is expected to report its fourth quarter and full
Key Takeaways: Lufax announced a massive special dividend of $2.42 per ADS, equal to about half of its Friday closing price of $4.48 The company slashed the size of its loan portfolio by 45% last year, and expects to reduce it by another 32% this year as it focuses on higher quality borrowers By Doug Young Online lender Lufax Holding Ltd. (NYSE:LU) just keeps getting smaller. First, the company underwent a radical transformation that saw its lending portfolio shrink by about nearly half in 2023, as it focused on higher-quality borrowers in a broader “de-risking” process. Now, Lufax’s cash pile is about to undergo a similar downsizing with its announcement of a massive special dividend
Key Takeaways: Qifu’s revenue grew 13% year-on-year in the fourth quarter, and its net profit rose by more than 20% The company announced plans to repurchase up to $350 million worth of its shares, far more than the $132 million in repurchased from last June to March this year By Warren Yang Qifu Technology Inc. (NSDAQ:QFIN) is checking all the right boxes to entice investors. For starters, the online loan facilitator delivered solid profit growth in the final quarter of last year, which is impressive in the China’s tough economic environment these days. But perhaps more importantly, Qifu unveiled plans to spend more of its large cash reserves on its shareholders. That’s often music
FinVolution Group ("FinVolution," or the "Company") (NYSE:FINV), a leading fintech platform, today announced that its board of directors (the "Board") has approved a cash dividend of US$0.237 per American Depositary Share (ADS) for fiscal year 2023. The dividend is expected to be distributed on or around May 7, 2024 to shareholders of record as of the close of business on April 16, 2024.
FinVolution Gr (NYSE:FINV) reported quarterly adjsuted earnings of $0.29 per share. This is unchanged from the same period last year. The company reported quarterly sales of $454.03 million which missed the analyst consensus estimate of $455.12 million by 0.24 percent. This is a 2.68 percent increase over sales of $442.20 million the same period last year.