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Entrepreneur
Kurra Bewarse
Username: Entrepreneur

Post Number: 3358
Registered: 05-2011
Posted From: 65.35.45.47

Rating: N/A
Votes: 0

Posted on Thursday, March 04, 2021 - 7:07 pm:   

FINV is a fintech platform that operates in China. It connects underserved individual borrowers with financial institutions. FINV is a pioneer in China's online consumer finance industry and has developed experience in the core areas of credit risk assessment, fraud detection, big data and artificial intelligence. Its platform features a highly automated loan transaction process and has had over 112.8 mln cumulative registered users. FINV has been transforming itself to focus more on higher quality customers to reduce credit risk. Due to the shift to better quality customer cohort, FINV’s vintage delinquency is expected to be significantly lower compared to the past several years. As China gradually emerges from the pandemic, its loan business recovery has been gathering momentum. Its loan origination volume in Mainland China for Q3 rose 30% sequentially to over RMB17 bln. Also, its institutional funding partners continue to be supportive with ample funding and ongoing improvement in funding cost. Of note, the company has been expanding beyond China. Its loan volume in Indonesia experienced a strong rebound in Q3 from the depressed levels in Q2 and is now much higher than pre-COVID-19 levels. The stock has been ramping in recent months, but we caution that FINV strikes us as more of a speculative name because it's based in China, the stock has been volatile and FINV does assume credit risk. We would be cautious on this one, just as we were with another Chinese fintech name which joined the rankings last week: 360 DigiTech (QFIN). Finally, FINV reported Q4 earnings last year on March 19, so expect a similar timeframe this year.

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