Latest news with #FinVolution
Yahoo
25-06-2025
- Business
- Yahoo
FinVolution Group Announces Completion of Offering of US$150 Million Convertible Senior Notes
SHANGHAI, June 24, 2025 /PRNewswire/ -- FinVolution Group ("FinVolution" or the "Company") (NYSE: FINV), a leading fintech platform in China, Indonesia and the Philippines, today announced the completion of its offering (the "Notes Offering") of convertible senior notes in an aggregate principal amount of US$150 million due 2030 (the "Notes"), including the initial purchasers' full exercise of option to purchase an additional US$20 million in aggregate principal amount of the Notes. The Notes have been offered to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Company plans to use the net proceeds from the Notes Offering for (i) international business expansions, (ii) replenishment of working capital, and (iii) funding the repurchase of American Depositary Shares ("ADSs") of the Company concurrently with the pricing of the Notes, from certain purchasers of the Notes in off-market privately negotiated transactions effected through one of the initial purchasers or its affiliates, as the Company's agent, pursuant to the Company's existing share repurchase programs announced in August 2023 and March 2025. The Notes will be senior, unsecured obligations of the Company and bear interest at a rate of 2.50% per year, payable semi-annually in arrears on January 1 and July 1 of each year, beginning on January 1, 2026. The Notes will mature on July 1, 2030 unless repurchased, redeemed, or converted in accordance with their terms prior to such date. The initial conversion rate of the Notes is 80.8865 ADSs per US$1,000 principal amount of the Notes, which is equivalent to an initial conversion price of approximately US$12.36 per ADS. The Notes, the ADSs deliverable upon conversion of the Notes, if any, and the Class A ordinary shares represented thereby have not been and will not be registered under the Securities Act, or any securities laws of any other places. They may not be offered or sold within the United States or to U.S. persons, except to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the Securities Act. This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, nor shall there be a sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. About FinVolution Group FinVolution Group is a leading fintech platform with strong brand recognition in China, Indonesia and the Philippines, 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, 2025, the Company had 216.2 million cumulative registered users across China, Indonesia and the Philippines. For more information, please visit Safe Harbor Statement This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "confident" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to the Company's ability to attract and retain borrowers and investors on its marketplace, its ability to increase volume of loans facilitated through the Company's marketplace, its ability to introduce new loan products and platform enhancements, its ability to compete effectively, laws, regulations and governmental policies relating to the online consumer finance industry in China, general economic conditions in China, and the Company's ability to meet the standards necessary to maintain listing of its ADSs on the NYSE, including its ability to cure any non-compliance with the NYSE's continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and FinVolution does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law. For investor and media inquiries, please contact: In China: FinVolution GroupHead of Capital MarketsYam ChengTel: +86 (21) 8030-3200 Ext. 8601E-mail: ir@ Piacente Financial CommunicationsJenny CaiTel: +86 (10) 6508-0677E-mail: finv@ In the United States: Piacente Financial CommunicationsBrandi PiacenteTel: +1-212-481-2050E-mail: finv@ View original content: SOURCE FinVolution Group 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Malaysia Sun
24-06-2025
- Business
- Malaysia Sun
FinVolution Announces Global AI Competition Targeting Deepfake Risks
SHANGHAI , June 24, 2025 /PRNewswire/ -- FinVolution Group has officially launched the 2025 FinVolution Global Data Science Competition today, with a spotlight on deepfake image detection-one of the most pressing challenges in the age of generative AI. Now in its 10th edition, the competition calls on AI researchers, engineers, and data scientists worldwide to develop innovative models that can identify and counter manipulated visual content. As deepfakes grow increasingly realistic, their potential to undermine trust in digital and financial systems has never been greater. This year's competition is integrated with the prestigious Conference on Information and Knowledge Management (CIKM), and the International Joint Conference on Artificial Intelligence (IJCAI), deepening FinVolution's engagement with the global AI research community. "Our decade-long data science competition has become a hallmark of FinVolution's commitment to responsible AI development," said Tiezheng Li, CEO of FinVolution Group. "By focusing on deepfake detection this year, we aim to advance AI safety while encouraging open innovation that benefits society at large." Top winners will be invited to attend CIKM 2025, where they will have the opportunity to showcase their work and network with global thought leaders in AI, data science, and knowledge management. Competition Timeline The 2025 challenge offers a prize pool of RMB 308,000 (approximately USD 42,900) and will unfold in three stages: Preliminary Round (June 24 - July 31): Participants are required to submit their prediction results for real-time scoring by the end of July 23. The list of teams advancing to the semifinals will be announced on July 31. (June 24 - July 31): Participants are required to submit their prediction results for real-time scoring by the end of July 23. The list of teams advancing to the semifinals will be announced on July 31. Semifinals (August 1 - August 30): Semifinalists must submit their solutions by the end of August 10. Finalists will be announced on August 29. (August 1 - August 30): Semifinalists must submit their solutions by the end of August 10. Finalists will be announced on August 29. Final Round (September 1 - mid-September): Finalists will compete in the final challenge and participate in a series of global engagement events. Registration and full competition details are available via the official platform, with visibility through both CIKM and IJCAI channels. Over the past ten years, the FinVolution Global Data Science Competition has attracted close to 10,000 participants and explored frontier topics such as credit scoring, fraud prevention, behavioral analytics, and generative media forensics. Its growing recognition by academic institutions, including official tracks at IJCAI (2024) and CIKM (2025), reflects its rising stature in the global AI ecosystem. For more information, please check the official website of the competition. About FinVolution Group FinVolution Group (NYSE: FINV) is a leading fintech company that connects millions of consumers and small businesses with financial institutions through advanced credit technology. Founded in 2007 and listed on the New York Stock Exchange in 2017, the Company has built a strong presence across China, Indonesia, and the Philippines, pioneering solutions in AI, big data, fraud detection, and credit risk modeling. FinVolution actively supports academic research through long-standing sponsorships of premier AI conferences including WWW, IJCAI, and CIKM.
Yahoo
24-06-2025
- Business
- Yahoo
FinVolution Announces Global AI Competition Targeting Deepfake Risks
SHANGHAI, June 24, 2025 /PRNewswire/ -- FinVolution Group has officially launched the 2025 FinVolution Global Data Science Competition today, with a spotlight on deepfake image detection—one of the most pressing challenges in the age of generative AI. Now in its 10th edition, the competition calls on AI researchers, engineers, and data scientists worldwide to develop innovative models that can identify and counter manipulated visual content. As deepfakes grow increasingly realistic, their potential to undermine trust in digital and financial systems has never been greater. This year's competition is integrated with the prestigious Conference on Information and Knowledge Management (CIKM), and the International Joint Conference on Artificial Intelligence (IJCAI), deepening FinVolution's engagement with the global AI research community. "Our decade-long data science competition has become a hallmark of FinVolution's commitment to responsible AI development," said Tiezheng Li, CEO of FinVolution Group. "By focusing on deepfake detection this year, we aim to advance AI safety while encouraging open innovation that benefits society at large." Top winners will be invited to attend CIKM 2025, where they will have the opportunity to showcase their work and network with global thought leaders in AI, data science, and knowledge management. Competition Timeline The 2025 challenge offers a prize pool of RMB 308,000 (approximately USD 42,900) and will unfold in three stages: Preliminary Round (June 24 – July 31): Participants are required to submit their prediction results for real-time scoring by the end of July 23. The list of teams advancing to the semifinals will be announced on July 31. Semifinals (August 1 – August 30): Semifinalists must submit their solutions by the end of August 10. Finalists will be announced on August 29. Final Round (September 1 – mid-September): Finalists will compete in the final challenge and participate in a series of global engagement events. Registration and full competition details are available via the official platform, with visibility through both CIKM and IJCAI channels. Over the past ten years, the FinVolution Global Data Science Competition has attracted close to 10,000 participants and explored frontier topics such as credit scoring, fraud prevention, behavioral analytics, and generative media forensics. Its growing recognition by academic institutions, including official tracks at IJCAI (2024) and CIKM (2025), reflects its rising stature in the global AI ecosystem. For more information, please check the official website of the competition. About FinVolution Group FinVolution Group (NYSE: FINV) is a leading fintech company that connects millions of consumers and small businesses with financial institutions through advanced credit technology. Founded in 2007 and listed on the New York Stock Exchange in 2017, the Company has built a strong presence across China, Indonesia, and the Philippines, pioneering solutions in AI, big data, fraud detection, and credit risk modeling. FinVolution actively supports academic research through long-standing sponsorships of premier AI conferences including WWW, IJCAI, and CIKM. View original content to download multimedia: SOURCE FinVolution Group
Yahoo
24-06-2025
- Business
- Yahoo
FinVolution Announces Global AI Competition Targeting Deepfake Risks
SHANGHAI, June 24, 2025 /PRNewswire/ -- FinVolution Group has officially launched the 2025 FinVolution Global Data Science Competition today, with a spotlight on deepfake image detection—one of the most pressing challenges in the age of generative AI. Now in its 10th edition, the competition calls on AI researchers, engineers, and data scientists worldwide to develop innovative models that can identify and counter manipulated visual content. As deepfakes grow increasingly realistic, their potential to undermine trust in digital and financial systems has never been greater. This year's competition is integrated with the prestigious Conference on Information and Knowledge Management (CIKM), and the International Joint Conference on Artificial Intelligence (IJCAI), deepening FinVolution's engagement with the global AI research community. "Our decade-long data science competition has become a hallmark of FinVolution's commitment to responsible AI development," said Tiezheng Li, CEO of FinVolution Group. "By focusing on deepfake detection this year, we aim to advance AI safety while encouraging open innovation that benefits society at large." Top winners will be invited to attend CIKM 2025, where they will have the opportunity to showcase their work and network with global thought leaders in AI, data science, and knowledge management. Competition Timeline The 2025 challenge offers a prize pool of RMB 308,000 (approximately USD 42,900) and will unfold in three stages: Preliminary Round (June 24 – July 31): Participants are required to submit their prediction results for real-time scoring by the end of July 23. The list of teams advancing to the semifinals will be announced on July 31. Semifinals (August 1 – August 30): Semifinalists must submit their solutions by the end of August 10. Finalists will be announced on August 29. Final Round (September 1 – mid-September): Finalists will compete in the final challenge and participate in a series of global engagement events. Registration and full competition details are available via the official platform, with visibility through both CIKM and IJCAI channels. Over the past ten years, the FinVolution Global Data Science Competition has attracted close to 10,000 participants and explored frontier topics such as credit scoring, fraud prevention, behavioral analytics, and generative media forensics. Its growing recognition by academic institutions, including official tracks at IJCAI (2024) and CIKM (2025), reflects its rising stature in the global AI ecosystem. For more information, please check the official website of the competition. About FinVolution Group FinVolution Group (NYSE: FINV) is a leading fintech company that connects millions of consumers and small businesses with financial institutions through advanced credit technology. Founded in 2007 and listed on the New York Stock Exchange in 2017, the Company has built a strong presence across China, Indonesia, and the Philippines, pioneering solutions in AI, big data, fraud detection, and credit risk modeling. FinVolution actively supports academic research through long-standing sponsorships of premier AI conferences including WWW, IJCAI, and CIKM. View original content to download multimedia: SOURCE FinVolution Group Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Korea Herald
19-06-2025
- Business
- Korea Herald
FinVolution Wins Dual Awards at FinanceAsia 2025 for Innovation and Strategic Partnership
HONG KONG, June 19, 2025 /PRNewswire/ -- FinVolution Group, a globally leading fintech company, has been honored with two prestigious awards at the Finance Asia 2025 Awards: "Most Innovative Use of Technology" (Mainland China) and "Best Strategic Initiative" (the Philippines). These accolades underscore the global recognition for FinVolution's Loan Channelling business model and its technological capabilities in empowering financial inclusion. The FinanceAsia Awards are one of the best-known and most credible sets of awards in Asia's financial services industry, with this year's winners including major financial institutions such as Citibank, HSBC, Bank Rakyat Indonesia(BRI), and Bank of the Philippine Islands Bank(BPI). The recognition from FinanceAsia in both China and the Philippines reinforces FinVolution's commitment to advancing financial inclusion and supporting its banking partners in transcending traditional service boundaries through innovation. The company sees this achievement as further motivation to scale its global impact and contribute to a more inclusive financial ecosystem. Innovating Lending Through Loan Channelling The key driver behind these awards is FinVolution's innovative Loan Channelling model, transforming traditional lending by integrating the strengths of banks and fintech companies. Through strategic partnerships, FinVolution empowers financial institutions to deploy its end-to-end proprietary technology, covering customer acquisition, risk control, AI-driven underwriting, and omnichannel distribution, to enhance intelligence and efficiency of the entire credit process. As of Q1 2025, the Company has facilitated over USD 147 billion in cumulative loans and connected 35 million borrowers with more than 128 global financial institutions. A notable example is FinVolution's award-winning operation in the Philippines, which includes a landmark PHP 2.75 billion (approximately USD 50 million) Loan Channeling partnership with a leading local digital bank. This collaboration has strengthened regional liquidity while enabling the partner bank to expand its customer base with minimized risk and improved service quality—further validating the model's effectiveness. Global Expansion Driven by Technology Building on the success of its Loan Channeling model, FinVolution is expanding its impact across global markets by combining localized insights with cutting-edge technology. Beyond the Philippines, the company has established leading fintech platforms in Indonesia and Pakistan to further its global mission. Guided by 18 years of credit technology expertise and collaborative partnerships, FinVolution remains committed to enhancing financial services through innovative technologies. Its solutions empower both traditional and digital banks to reach wider customer segments while improving the efficiency and scope of financial inclusion—collectively building a complementary, sustainable financial ecosystem. The success of this model is reflected in FinVolution's strong international performance. In the first quarter of 2025, the company's international business revenue reached US$97.9 million, marking a 19.5% year-over-year increase. This growth contributed 20.4% of FinVolution's total revenue for the quarter, demonstrating the increasing importance of its global operations. About FinVolution FinVolution Group is a leading fintech company that connects millions of consumers as well as micro- and small-sized enterprises with financial institutions. Founded in 2007 and listed on the New York Stock Exchange in 2017, we have been at the forefront of the pan-Asian credit technology industry, pioneering innovative technologies in credit risk assessment, fraud detection, big data, and artificial intelligence. With a proven track record of robust growth in pan-Asian countries, we have established leading fintech platforms in China, Indonesia, the Philippines, and Pakistan.
