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Jiayin Group Inc. Reports First Quarter 2020 Unaudited Financial Results

June 11, 2020 5:31 AM EDT

SHANGHAI, China, June 11, 2020 (GLOBE NEWSWIRE) -- Jiayin Group Inc. (Jiayin or the Company) (NASDAQ: JFIN), a leading fintech platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2020.

First Quarter 2020 Operational and Financial Highlights :

Average investment amount per individual investor was RMB91,318 (US$12,897), representing an increase of 37.6% from the same period of 2019.
 Average borrowing amount per borrower was RMB7,809 (US$ 1,103), representing an increase of 8.1% from the same period of 2019.
 Loan origination volume1 was RMB2,896 million (US$409 million),... More