On the evening of November 20, 2024 Beijing time, Jia Yin Technology, a US listed fintech company, released its unaudited financial report for the third quarter of 2024. According to the financial report, Jiayin Technology continued its steady growth trend in the third quarter, with a transaction amount of about 26.7 billion yuan, a year-on-year increase of about 10.3%. During the reporting period, the company achieved a revenue of approximately 1.44 billion yuan, of which the corresponding matching service revenue was approximately 1.11 billion yuan, a year-on-year increase of approximately 18.1%. The number of new borrowers was about 826000, a year-on-year increase of about 71.3%, and the continuous increase in customer acquisition has achieved significant results.
The financial report shows that as of September 30, Jiayin Technology has established cooperative relationships with 70 diversified financial institutions, and has successfully landed multiple customer channels for segmented products based on the successful landing of joint operation projects in the last quarter and cooperation with the Internet head platform.
It is reported that during the reporting period, Jiayin Technology continuously improved efficiency through the use of AI and launched its self-developed "Mingyi" automatic machine learning (Auto ML, Automated Machine Learning) platform. By upgrading and innovating traditional machine learning model development methods, it helped automate machine learning workflows, effectively reducing technical barriers, making modeling work simpler, development processes more efficient, and business decisions more scientific. At present, the "Mingyi" automatic machine learning platform is widely used in scenarios such as intelligent risk control and customer marketing.
In addition, in order to better optimize its overseas business layout and concentrate resources on deep cultivation and development in core markets, the company made strategic adjustments to its business in the Nigerian market in the third quarter.
Yan Dinggui, Chairman of Jiayin Technology, stated that Jiayin has achieved sustained and steady growth in transaction volume and related revenue this quarter, reflecting the company's effective strategic layout in business innovation, risk management, and market diversification. The company has successfully utilized technology to improve operational efficiency and user experience, while closely monitoring risk resilience. It is expected that the loan matching amount in the fourth quarter will not be less than 25 billion yuan, and we are confident in achieving the annual target.