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Stock impact report

FinVolution's Philippine Subsidiary Cooperates with SeaBank Philippines, Propelling Regional Growth [Yahoo! Finance]

FinVolution Group American Depositary Shares (FINV) 
Company Research Source: Yahoo! Finance
that its Philippines financial application, Juanhand, has entered into a strategic cooperation agreement with SeaBank Philippines Bank ("SeaBank"), an innovative bank dedicated to bettering the lives of individuals and businesses in the region with financial services through technology. Under the terms of the agreement, SeaBank will provide Juanhand with a funding facility of approximately 300 million pesos , broadening Juanhand users' access to financial services. This agreement expands FinVolution's international service offerings and advances the Company's mission of connecting underserved borrowers with financial institutions. It also marks a milestone as one of the first cross-institution loan facilitation channel financing structures in the Philippines Mr. Tiezheng Li , Vice Chairman and Chief Executive Officer of FinVolution Group, commented, "FinVolution is proud to support the Philippines' economic growth through technology and financial inclusion. Driven by our Local Foc Show less Read more
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