Invoice Bazaar Blog

FinVolution sets up new platform to support and service China-based MSMEs

By Invoice Bazaar | November 22, 2022

FinVolution, a leading fintech platform offering online financial services to 3.2 million MSMEs in China, has established a new finance platform for customers, with more than 20 special digital tools for facilitating their global expansion. Meanwhile, this fintech lender headquartered in the Pudong New Area has posted a 43% growth during the third quarter of 2022, with its MSME loans touching US$1.57 billion (11.3 billion yuan), generating a revenue of 2.97 billion yuan. The clients of the New York-listed FinVolution include retail and wholesale firms as well as light industrial manufacturing MSMEs across China, which were adversely impacted by the pandemic.

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