Finvolution Group ( (FINV) ) has released its Q4 earnings. Here is a breakdown of the information Finvolution Group presented to its investors.
FinVolution Group is a prominent fintech platform operating in China, Indonesia, and the Philippines, providing innovative financial solutions through its cutting-edge technology and automated loan transaction processes. The company recently announced its unaudited financial results for the fourth quarter and fiscal year 2024, showcasing significant growth in both domestic and international markets.
For the fiscal year 2024, FinVolution reported a total transaction volume of RMB206.2 billion, marking a 6.1% increase year-over-year, with international transaction volumes exceeding RMB10.1 billion, a 27.8% rise. The company’s net revenue for the fourth quarter reached RMB3,456.7 million, up 7.2% from the previous year, while net profit rose to RMB680.8 million, reflecting a robust financial performance.
Key highlights include an increase in cumulative registered users to 208.3 million and a rise in cumulative borrowers to 33.8 million across all markets. The international market showed strong growth, with a 45.1% increase in registered users and a 45.8% rise in cumulative borrowers. Additionally, the international business revenue for the fourth quarter was RMB739.3 million, contributing 21.4% to the total revenue.
Looking ahead, FinVolution remains optimistic about its growth prospects, projecting a total revenue increase of 10% to 15% for 2025. The company continues to focus on expanding its international presence and enhancing shareholder value through strategic initiatives and capital return programs.
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