Shanghai, June 20, 2024 /PRNewswire/—— FinVolution Group (NYSE: ) (“Fintech,” or the “Firm”) (NYSE: FINV), a number one monetary know-how platform, at this time introduced its the Philippines monetary subsidiary Weifeng Mortgage Firm and Lightning Financing Firm The whole quantity signed is 2.75 billion pesos ($47.5 million) and maya financial institutionis a number one digital financial institution devoted to enhancing shopper and enterprise buyer experiences and enhancing credit score entry to unbanked and underserved communities Filipino.
JuanHand, a web-based lending platform with roughly 6 million registered customers Weifeng Mortgage Firm Changing into Filipinos’ most well-liked on-line platform for technology-based money lending and different monetary options. This strategic partnership additional expands FinVolution service offered Filipino and furthers the corporate’s mission of connecting underserved debtors with monetary establishments. It can additionally open avenues for broader collaboration sooner or later, creating alternatives to increase the corporate’s presence in areas equivalent to: Filipino By technological and monetary innovation.
gents. Tiezheng LiVice Chairman and Chief Govt Officer FinTech Groupcommented: “Consistent with our technique of specializing in native and international outlook, Fintech Proud to advertise financial and digital improvement Filipino via this strategic partnership. Collectively, Juan Hand Maya Financial institution will enhance entry to credit score throughout the nation, marking an essential milestone in our efforts to advertise monetary inclusion and empowerment. We imagine this partnership will pave the best way for a brighter, extra economically safe future for whole underserved communities Filipino“.
gents. Angelo Madridpresident of maya financial institution “We’re honored to associate with WeFund, and this initiative is a robust step in the direction of giving extra Filipinos entry to financial institution accounts via know-how. This joint effort considerably expands the monetary choices obtainable to debtors, serving to to advertise higher Monetary wellness, particularly for the unbanked and unbanked.
about FinTech Group
FinTech Group is a number one fintech platform with sturdy model consciousness in China China Worldwide markets join youthful generations of debtors to monetary establishments. The corporate was established in 2007 and is a number one home China’s Deeply engaged within the on-line shopper finance business, he has developed revolutionary applied sciences and collected in-depth expertise within the core subject of credit score danger evaluation. Fraud Detection, huge information and synthetic intelligence. The corporate’s platform makes use of proprietary, cutting-edge know-how with a extremely automated mortgage transaction course of that allows a superior consumer expertise. as March 31, 2024the corporate’s cumulative registered customers exceed 185.5 million China, Indonesia and Filipino.
about maya financial institution
maya financial institution (maya financial institution) supplies customers and companies with a digital banking expertise via the Maya household of merchandise, together with Maya all-in-one purposes, Maya Enterprise and Maya Heart. As a pioneering digital financial institution, it’s altering the best way cash works for Filipino customers and MSMEs via revolutionary and related monetary providers, together with financial savings, deposits and credit score via Maya.
maya financial institution Is the digital banking division of Maya Improvements, a number one international know-how firm Filipino. With Maya Philippines, it’s creating Maya, Filipino’ The one end-to-end digital monetary providers platform.
maya financial institution is a regulated digital financial institution central financial institution of the philippines (Central Financial institution). Deposits are insured philippine deposit insurance coverage firm (PDIC) Most of ±500,000 per depositor. For extra info, please go to www.mayabank.ph
For investor and media inquiries, please contact:
exist China:
FinTech Group
Investor Relations SupervisorJimmy Tan,IRC
Tel: +86 (21) 8030-3200 extension 8601
Electronic mail: ir@xinye.com
Piacente Monetary PublicationJenny TsaiTel: +86 (10) 6508-0677
Electronic mail: finv@tpg-ir.com
exist USA:
Piacente Monetary Publication brandinisTelephone: +1-212-481-2050
Electronic mail: finv@tpg-ir.com
For the Mayans:
Ayush JonjunwalaChief Investor Relations Officer
Electronic mail: aayush.jhunjhunwala@maya.ph
Nick Wilvecohead of Public Affairs and Communications
Electronic mail: nick.wilwayco@maya.ph
