SHANGHAI, March 28, 2024 /PRNewswire/ -- FinVolution Group
("FinVolution," or the "Company") (NYSE: FINV), a leading fintech
platform, today announced that its Philippines financial application, Juanhand,
has entered into a strategic cooperation agreement with SeaBank
Philippines Bank ("SeaBank"), an innovative bank dedicated to
bettering the lives of individuals and businesses in the region
with financial services through technology. Under the terms of the
agreement, SeaBank will provide Juanhand with a funding facility of
approximately 300 million pesos,
broadening Juanhand users' access to financial services.
This agreement expands FinVolution's international service
offerings and advances the Company's mission of connecting
underserved borrowers with financial institutions. It also marks a
milestone as one of the first cross-institution loan facilitation
channel financing structures in the
Philippines.
Mr. Tiezheng Li, Vice Chairman
and Chief Executive Officer of FinVolution Group, commented,
"FinVolution is proud to support the
Philippines' economic growth through technology and
financial inclusion. Driven by our Local Focus, Global Outlook
strategy, Juanhand's partnership with SeaBank will empower
underserved customers throughout the country with faster, simpler
and more convenient banking services.
"With FinVolution's commitment to financial inclusion firmly in
mind, we will continue to invent and deploy creative technologies,
expanding our customer base and elevating user experience while
improving efficiency across our operations. We are confident
that as we forge new partnerships and deliver enhanced financial
solutions to more customers, we will replicate our success in
China and Indonesia in the
Philippines and other international markets, propelling the
fintech industry's rapid growth in Southeast Asia and beyond," concluded Mr.
Li.
About FinVolution Group
FinVolution Group is a leading fintech platform with strong
brand recognition in China and the
international markets connecting borrowers of the young generation
with financial institutions. Established in 2007, the Company is a
pioneer in China's online consumer
finance industry and has developed innovative technologies and has
accumulated in-depth experience in the core areas of credit risk
assessment, fraud detection, big data and artificial
intelligence. The Company's platform, empowered by proprietary
cutting-edge technologies, features a highly automated loan
transaction process, which enables a superior user experience. As
of December 31, 2023, the Company had
over 180.2 million cumulative registered users across China, Indonesia and the
Philippines.
For investor and media inquiries, please contact:
In China:
FinVolution Group
Head of Investor Relations
Jimmy Tan, IRC
Tel: +86 (21) 8030-3200 Ext. 8601
E-mail: ir@xinye.com
Piacente Financial Communications
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: finv@tpg-ir.com
In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: finv@tpg-ir.com
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SOURCE FinVolution Group