{"id":826653,"date":"2025-03-18T01:03:07","date_gmt":"2025-03-18T05:03:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/finvolution-group-reports-strong-growth-and-global-expansion-in-2024\/"},"modified":"2025-03-18T01:03:07","modified_gmt":"2025-03-18T05:03:07","slug":"finvolution-group-reports-strong-growth-and-global-expansion-in-2024","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/finvolution-group-reports-strong-growth-and-global-expansion-in-2024\/","title":{"rendered":"FinVolution Group Reports Strong Growth and Global Expansion in 2024"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n SHANGHAI<\/span>
\n <\/span>, March 18, 2025<\/span><\/span> \/PRNewswire\/ — FinVolution Group (NYSE: FINV), a leading fintech company, today announced its unaudited financial results for 2024, highlighting continued global expansion, strategic collaborations, and advancements in AI-driven credit technology.<\/p>\n

FinVolution reported annual revenue of US$1.8 billion<\/span>, a 4.1% year-over-year increase, with net profit remaining stable at US$327.1 million<\/span>. Transaction volume reached US$28.2 billion<\/span>, up 6.1%, while outstanding loan balance rose to US$9.8 billion<\/span>, also a 6.1% increase.<\/p>\n

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FinVolution Group’s CEO, Tiezheng Li<\/span> commented, “We successfully leveraged our strengths in technology, customer acquisition, and retention to deliver solid results despite a challenging environment in 2024. These achievements strengthen our confidence for 2025 and beyond\u2014becoming the leading fintech player across the Pan-Asian region.”<\/p>\n

FinVolution Group’s CFO, Jiayuan Xu<\/span>, stated: “Over the past year, FinVolution achieved solid growth and demonstrated healthy financial performance. In 2024, we allocated US$160.4 million<\/span> to shareholder returns, accounting for approximately 49.1% of our annual net profit. Since 2018, we have returned a total of approximately US$765 million<\/span> to our shareholders. This underscores our steadfast commitment to enhancing shareholder value and our strong confidence in the company’s business fundamentals and cash flow outlook.”<\/p>\n

\n Accelerating International Growth<\/b>\n <\/p>\n

FinVolution’s international business continued its strong momentum, contributing 21.4% of total revenue in Q4 2024. The company acquired 2.2 million new borrowers outside of its Chinese market in 2024, a 61% year-over-year increase, with international transaction volume surpassed US$1.4 billion<\/span>, while the outstanding loan balance grew 31% to US$232.9 million<\/span>.<\/p>\n

To support its global expansion, FinVolution secured key financial licenses across multiple markets, including:<\/p>\n