SHANGHAI, April 24,
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 UnionBank
of the Philippines (UnionBank), a
digital bank dedicated to embracing technological innovations to
empower its customers. Under the terms of the agreement, UnionBank
will provide Juanhand with a funding facility of approximately
45 million pesos, accelerating
financial inclusion for Juanhand users.
This agreement further strengthens FinVolution's service
offerings in the Philippines and
advances the Company's mission of connecting underserved borrowers
with financial institutions, while also serving as an opportunity
to explore deeper future cooperation.
Mr. Tiezheng Li, Vice Chairman
and Chief Executive Officer of FinVolution Group, commented, "We
are honored to be UnionBank's first fintech partner to be granted a
credit facility. Guided by our effective Local Focus, Global
Outlook strategy and commitment to improving financial services
through technology, we will continue to innovate, educate, enhance
user experience, and expand our customer base in all markets we
operate while improving efficiency across all our operations.
We are confident that new partnerships like this, will empower
FinVolution to replicate our success in China and Indonesia throughout the Philippines and other international
markets, bringing our diverse financial solutions to more customers
and driving the rapid growth of the fintech industry 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