About Finvolution Group

FinVolution Group is a leading fintech platform with strong brand recognition in China and the international markets connecting borrowers of the young generation with financial institutions. Established in 2007, the Company is a pioneer in China’s online consumer finance industry and has developed innovative technologies and has accumulated in-depth experience in the core areas of credit risk assessment, fraud detection, big data and artificial intelligence. The Company’s platforms, empowered by proprietary cutting-edge technologies, features a highly automated loan transaction process, which enables a superior user experience. As of March 31, 2024, the Company had over 185.5 million cumulative registered users across China, Indonesia and the Philippines.

History & Milestones


International business revenue exceeded RMB 2.1 billion and contributed over 17% of total revenue, with more than 24 million cumulative registered users in the international markets.


International business revenue exceeded RMB 1 billion and contributed over 10% of total revenue.


FinVolution Group multiple operational metrics soared to historical high and continued to grow its business globally with presence in China, Indonesia and the Philippines.


FinVolution Group further strengthened its presence in Indonesia and further expanded to the Philippines.


FinVolution Group invested in Fujian Haixia Bank and expanded its international operations in Indonesia with a license for Technology and Information Based Financial Lending Institution from the Financial Services Authority of Indonesia in December. Along with its successful transition to loan facilitation model from P2P model, PPDAI Group Inc. changed its name to FinVolution Group and amended its ticker symbol from “PPDF” to “FINV” in November.


PPDAI became one of the first 15 online lenders and consumer finance companies to connect with Baihang Zhengxin (“Baihang Credit”), China’s first unified credit-reporting platform.


PPDAI Group Inc. was listed on the New York Stock Exchange on November 10, 2017 under the ticker “PPDF”.


PPDAI completed its Series C funding round led by VMS Legend Investment Fund and Susquehanna International Group, followed by Sequoia Capital, Light Speed Capital Partners and others.


PPDAI completed its Series B funding round with Light Speed China Capital Partners.


PPDAI completed its Series A funding round with Sequoia Capital.


PPDAI completes angel financial round.


PPDAI Group Inc. launched its online credit risk assessment system “Magic Mirror” and fraud detection system “Ming Mirror”.


PPDAI was founded in Shanghai as the pioneer batch of P2P platforms in China in June.