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FinVolution Group Reports Fourth Quarter and Fiscal Year 2024 Unaudited Financial Results
- FinVolution Group reported annual revenue of US$1.8 billion for 2024, a 4.1% increase from 2023, with net profit at US$327.1 million.
- The company acquired 2.2 million new borrowers outside of China in 2024, marking a 61% year-over-year growth, and its international business contributed 21.4% to total revenue.
- FinVolution aims for 50% of its revenue from international markets by 2030 and is expanding into Pakistan and other regions in 2025.
- CEO Tiezheng Li noted that the company leveraged technology to navigate challenges in 2024, focusing on innovative AI-driven credit technology.
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Coverage Details
Total News Sources83
Leaning Left5Leaning Right8Center27Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
13%
C 67%
R 20%
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