Finvolution Secures Increased Financing Facility For Adakami Through Strengthened Cooperation With Pt Bank Jago
Round Type
Funding Round
ShanghaiFinancial ServicesFinanceFintechLendingDescription
FinVolution Group ("FinVolution," or the "Company") ( NYSE: FINV), a leading fintech platform, today announced that its Indonesian subsidiary, AdaKami, obtained a fivefold increase in its financing facility with PT Bank Jago Tbk ("Bank Jago") (IDX: ARTO). The increase from 100 billion Rupiah to 500 billion Rupiah (US$34.9 million) will enhance AdaKami's ability to expand credit access to broader segments of the local economy and accelerate financial inclusion in the country.
Quick answer
FinVolution Group raised an undisclosed amount in a Funding Round round, dated September 26, 2022. FinVolution Group is based in Shanghai, Shanghai, China.
- How much did FinVolution Group raise?
- FinVolution Group raised an undisclosed amount in a Funding Round round on September 26, 2022.
- What does FinVolution Group do?
- FinVolution Group is a leading fintech platform in China and internationally connecting underserved borrowers with financial institutions.
- Where is FinVolution Group based and how big is it?
- FinVolution Group is based in Shanghai, Shanghai, China.
Source: Fundz verified event record.
Who else raised in Financial Services and Finance around the same time
Companies in the same sectors as FinVolution Group that raised within 45 days of this round, from Fundz verified event records.
- Blnk raised $32M on November 10, 2022.
- InterPrice Technologies raised $7.3M (Series A) on November 2, 2022.
- Arf raised $13M (Funding Round) on October 26, 2022.
- NatWest Group raised an undisclosed amount on October 25, 2022.
- Uplinq raised $1.3M (Seed) on October 20, 2022.
- Regional Management raised $200M (Funding Round) on October 20, 2022.
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FinVolution Group raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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