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StockNews.com
StockNews.com
Business
Nimesh Jaiswal

FinVolution: An Undervalued Fintech Stock

FinVolution Group (FINV) is an investment holding company that operates an online consumer finance marketplace in the People's Republic of China. The Shanghai-based company has entered a strategic cooperation with PT Bank Jago, increasing its loan facilitation capabilities and broadening its presence across different market segments in Indonesia. In addition, it has commenced Buy-Now-Pay-Later cooperation with e-commerce partners in Indonesia.

FINV has issued and listed its first asset-backed securities (ABS) on China's Shenzhen Stock Exchange, marking an important milestone in its strategic transition toward better quality borrowers.

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