FinVolution Group (“FinVolution,” or the “Company”) (NYSE: FINV), a leading fintech platform, today announced that its Philippines financial application, Juanhand, has entered into a strategic cooperation agreement with UnionBank of the Philippines (UnionBank), a digital bank dedicated to embracing technological innovations to empower its customers. Under the terms of the agreement, UnionBank will provide Juanhand with a funding facility of approximately 45 million pesos, accelerating financial inclusion for Juanhand users.
This agreement further strengthens FinVolution’s service offerings in the Philippines and advances the Company’s mission of connecting underserved borrowers with financial institutions, while also serving as an opportunity to explore deeper future cooperation.
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Mr. Tiezheng Li, Vice Chairman and Chief Executive Officer of FinVolution Group, commented, “We are honored to be UnionBank’s first fintech partner to be granted a credit facility. Guided by our effective Local Focus, Global Outlook strategy and commitment to improving financial services through technology, we will continue to innovate, educate, enhance user experience, and expand our customer base in all markets we operate while improving efficiency across all our operations. We are confident that new partnerships like this, will empower FinVolution to replicate our success in China and Indonesia throughout the Philippines and other international markets, bringing our diverse financial solutions to more customers and driving the rapid growth of the fintech industry in Southeast Asia and beyond,” concluded Mr. Li.
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