Loan facilitation
The company runs an online platform that helps individual borrowers apply for unsecured consumer loans and matches those borrowers with funding partners.
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FinVolution Group is an online consumer finance company. It matches individual borrowers, mainly in China and other markets it serves, with funding from banks and other financial institutions through its technology platform. The company helps lenders find and screen borrowers, and it helps borrowers apply for unsecured personal loans through a digital process.
Its main customers are consumers who need short-term personal credit and partner financial institutions that want to reach those borrowers without building their own large online origination systems. FinVolution makes money by charging fees for loan origination, matching borrowers with funding partners, and related technology and service work tied to each loan it helps arrange.
What makes FinVolution different is that it sits in the middle of the lending process rather than lending most of its own money. That gives it a platform-style role in consumer credit: it earns from facilitating transactions, managing risk, and using data and automation to connect borrowers and funding partners more efficiently than traditional branch-based lending.
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