FinVolution Group Reports Strong Growth and Global Expansion in 2024

Core Insights - FinVolution Group reported a 4.1% year-over-year increase in annual revenue, reaching US$1.8 billion, with stable net profit at US$327.1 million [2][3] - The company achieved a transaction volume of US$28.2 billion, reflecting a 6.1$9.8 billion, also up by 6.1% [2] - FinVolution's international business contributed 21.4% of total revenue in Q4 2024, with a significant increase in new borrowers and transaction volume outside China [4][5] Financial Performance - The company allocated US$160.4 million to shareholder returns in 2024, representing approximately 49.1$765 million to shareholders since 2018 [3] - Transaction volume in Indonesia grew to US$506.9 million in the second half of 2024, an 11% increase compared to the first half [5] International Expansion - FinVolution aims to generate 50% of its revenue from international markets by 2030, with plans to expand into Pakistan and other countries in 2025 [7] - The company secured key financial licenses in multiple markets, including a Non-Banking Financial Company license in Pakistan and accreditation in the Philippines [9] Technological Advancements - The company registered its proprietary Large Language Model, "Rice Seeds," to enhance credit risk assessment and fraud detection [8] - FinVolution launched Zeta, an AI-powered application platform, which, along with its E-LADF AI development platform, supports over 1,000 AI applications, improving operational efficiency and user experience [10][11] Customer Engagement and Risk Management - AI-driven advertising technology reduced marketing material production costs by 60% [11] - Proprietary visual AI models improved fraud detection accuracy to 99% [11] - AI-powered behavioral and conversational KYC tagging optimized customer service strategies, boosting user conversion rates by 9% [11]