| Market Capitalization (Millions $) |
905 |
| Shares
Outstanding (Millions) |
267 |
| Employees |
1,753 |
| Revenues (TTM) (Millions $) |
1,940 |
| Net Income (TTM) (Millions $) |
364 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
1 |
Business Description
Finvolution Group is a leading fintech company based in China that provides consumer lending and technology-driven financial solutions. Established in 2007 as a subsidiary of Renren Inc., the company went public on the New York Stock Exchange (NYSE) in October 2018.
The company operates through multiple brands, including the flagship brand "Yirendai," "Huarui Consumer Finance," "WeChat Pay-lending," "Tanabata Jiayin," and "Hongmeng Credit." Finvolution Group's consumer lending services, including unsecured and secured loans, are primarily operated through its Yirendai platform, which serves as an online marketplace that connects borrowers with investors or lenders.
The company's technology-driven financial solutions include risk management, data analysis, artificial intelligence, and other financial innovation products. Finvolution Group employs over 20,000 employees and has over 170 million registered users, and its services have attracted the attention of several well-known financial institutions, including Goldman Sachs, IDG Capital, and Morningside Ventures.
One of Finvolution Group's main objectives is to provide more accessible and affordable financial services to customers through technology innovation. The company has achieved this through its comprehensive risk management system, which utilizes big data to assess borrower's credit risks without collateral, and its effective credit scoring mechanism that aims to provide personalized services to customers.
Finvolution Group has received numerous accolades in the fintech industry, including being named one of the "Fintech 100" worldwide in 2017, and being named one of China's "Top 10 Fintech Innovations" in 2018. The company continues to innovate and expand its services to meet the demands of the ever-evolving financial industry.
Company Address: Building G1, No. 999 Dangui Road Zagreb 201203 City of Zagreb
Company Phone Number: 21 8030 3200 Stock Exchange / Ticker: NYSE FINV
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