FinVolution Group (FINV) has released an update.
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FinVolution Group reported a modest growth in its third-quarter 2024 financial results, with transaction volumes rising and international revenues seeing an 8.7% increase year-over-year. The fintech firm noted a significant 22.7% uptick in international transaction volumes, highlighting the expanding influence of its operations beyond China’s mainland. Despite these gains, the company’s delinquency ratio and the number of unique borrowers in China decreased, which could pose challenges moving forward.
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