FinVolution Group: Looks Like Momentum Is In Its Favor

Dec. 23, 2022 12:47 AM ETFinVolution Group (FINV) StockFINV2 Comments
Gary Bourgeault
13.26K Followers

Summary

  • With the majority of its business in China, rolling COVID-19 lockdowns could cause uneven results in any one quarter.
  • FinVolution Group's transition to higher quality borrowers is starting to pay off.
  • Total transaction volume in the third quarter jumped by 19 percent year-over-year.
  • Its success in Indonesia proves it can leverage its business to other markets.
  • Small business transactions now account for 25 percent of total transactions.

Fintech financial technology

Vertigo3d

Under challenging conditions China-based FinVolution Group (NYSE:FINV) has been successful improving and expanding upon its business, as it attracts higher quality borrowers, boost overall transaction volume, increases the number of domestic small businesses it serves, and successful expanded its business to Indonesia, which

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