Jiayin Group Inc. (JFIN): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el mundo dinámico de las finanzas digitales, Jiayin Group Inc. (JFIN) surge como una fuerza transformadora, revolucionando los préstamos en línea a través de su innovador modelo de negocio. Al aprovechar la tecnología financiera de vanguardia y los sofisticados algoritmos de evaluación de riesgos, JFIN ha tallado un nicho único en el panorama FinTech que evoluciona en rápida en China, ofreciendo soluciones de préstamos accesibles y flexibles a los segmentos de mercado desatendidos. Esta exploración integral del lienzo de modelo de negocio de JFIN presentará los mecanismos estratégicos que impulsan su enfoque notable a los préstamos digitales, revelando cómo están redefiniendo la accesibilidad financiera para profesionales urbanos jóvenes, propietarios de pequeñas empresas e individuos tradicionalmente pasados ​​por alto por los sistemas bancarios convencionales.

Jiayin Group Inc. (JFIN) - Modelo de negocios: asociaciones clave

Cooperación estratégica con plataformas de préstamos en línea chinos

Jiayin Group mantiene asociaciones estratégicas con múltiples plataformas de préstamos en línea en China, que incluyen:

Nombre de la plataforma	Detalles de la asociación	Año establecido
Ppdai	Colaboración de préstamos entre pares	2016
Renrendai	Acuerdo de intercambio de riesgos de crédito	2017

Colaboración con proveedores de servicios de tecnología financiera

Las asociaciones de tecnología financiera de Jiayin Group incluyen:

• Grupo de servicios financieros de hormigas
• Tecnología financiera de Tencent
• Servicios financieros de Baidu

Asociaciones con procesadores de pago de terceros

Procesador de pagos	Volumen de transacción	Año de asociación
Alipay	Volumen de transacción anual de $ 532 millones	2018
Paga de WeChat	Volumen de transacción anual de $ 476 millones	2019

Relaciones con las empresas de evaluación de la gestión de riesgos y de crédito

Asociaciones clave de gestión de riesgos:

• Experian China - Colaboración de puntuación crediticia
• Transunion China - Servicios de evaluación de riesgos
• Servicio de información de crédito de China

Socio de evaluación de riesgos	Valor anual de mitigación de riesgos	Duración de la asociación
China Experian	Reducción de riesgos de $ 42.3 millones	5 años
Transunión China	$ 38.7 millones Reducción de riesgos	4 años

Jiayin Group Inc. (JFIN) - Modelo de negocio: actividades clave

Operaciones de plataforma de préstamos entre pares en línea

Jiayin Group opera una plataforma de préstamos entre pares en línea con las siguientes métricas clave:

Métrica de plataforma	Datos cuantitativos
Volumen total del préstamo	$ 1.98 mil millones (2022 anual)
Usuarios activos	1.2 millones de prestatarios registrados
Tamaño promedio del préstamo	$ 15,600 por transacción

Evaluación y gestión de riesgos de crédito

Los procesos de gestión de riesgos incluyen:

• Algoritmo de calificación crediticia
• Sistema de verificación de múltiples capas
• Monitoreo de riesgos en tiempo real

Métrica de gestión de riesgos	Datos de rendimiento
Ratio de préstamo sin rendimiento	3.7% (2022)
Tasa de prevención predeterminada	92.5%

Desarrollo de productos de tecnología financiera

Detalles de la inversión tecnológica:

Categoría de I + D	Inversión anual
Desarrollo tecnológico	$ 18.5 millones (2022)
Equipo de ingeniería de software	126 ingenieros a tiempo completo

Gestión del ecosistema de préstamos digitales

Métricas de integración del ecosistema:

• Instituciones financieras asociadas: 47
• Canales de verificación de datos de terceros: 12
• Plataformas de integración de API: 8

Calificación y verificación de crédito alternativo

Parámetro de calificación crediticia	Puntos de datos de verificación
Fuentes de datos alternativas	16 canales de verificación únicos
Precisión del modelo de aprendizaje automático	89.6% de rendimiento predictivo

Jiayin Group Inc. (JFIN) - Modelo de negocios: recursos clave

Infraestructura avanzada de tecnología financiera patentada

A partir del cuarto trimestre de 2023, la infraestructura tecnológica de Jiayin Group incluye:

Componente de infraestructura	Especificación
Capacidad de computación en la nube	98.7% de confiabilidad de tiempo de actividad
Velocidad de procesamiento de datos	Más de 500,000 transacciones por minuto
Infraestructura del servidor	Distribuido en 3 centros de datos principales

Gran base de datos de información crediticia de prestatario

Métricas de base de datos de crédito:

• Perfiles de prestatario totales: 6.3 millones
• Cobertura de datos de crédito histórico: más de 7 años
• Tasa de precisión de verificación de datos: 99.2%

Algoritmos sofisticados de gestión de riesgos

Parámetro de evaluación de riesgos	Métrico de rendimiento
Precisión de predicción predeterminada	94.5%
Calificación del riesgo en tiempo real	Tiempo de procesamiento de menos de 50 milisegundos

Plataforma digital y capacidades tecnológicas

• Base de usuarios de aplicaciones móviles: 2.1 millones de usuarios activos
• Volumen de transacción de la plataforma: $ 1.2 mil millones en 2023
• Capacidades de integración de API: 47 conexiones de servicio financiero

Grupo de talentos financieros y tecnológicos experimentados

Categoría de empleado	Número
Total de empleados	512
Profesionales de la tecnología	237
Analistas financieros	124
Experiencia promedio de los empleados	6.3 años

Jiayin Group Inc. (JFIN) - Modelo de negocio: propuestas de valor

Soluciones de préstamos en línea convenientes y accesibles

Jiayin Group proporciona plataformas de préstamos en línea con las siguientes métricas clave:

Métrica de plataforma	Datos específicos
Volumen total de préstamos en línea	$ 1.43 mil millones (informe anual de 2022)
Base de usuarios activo	1.2 millones de usuarios registrados
Penetración de plataforma digital	87.6% de las transacciones de préstamos completadas en línea

Procesos de aprobación de préstamos más rápidos

Métricas de eficiencia de procesamiento de préstamos:

• Tiempo promedio de aprobación del préstamo: 24 horas
• Finalización automatizada de evaluación de crédito: menos de 15 minutos
• Tasa de éxito de verificación digital: 92.3%

Tasas de interés más bajas para prestatarios calificados

Categoría de prestatario	Rango de tasas de interés
Prestatarios principales	8.5% - 12.5%
Prestatarios de nivel medio	13.5% - 18.5%

Opciones de préstamo flexibles para pequeñas y medianas empresas

Detalles de la cartera de préstamos de PYME:

• Volumen total del préstamo de PYME: $ 412 millones (2022)
• Tamaño promedio del préstamo de PYME: $ 85,000
• Tasa de aprobación del préstamo de PYME: 67.3%

Evaluación de crédito alternativa para segmentos de mercado desatendidos

Parámetro de evaluación de crédito	Enfoque innovador
Puntuación crediticia alternativa	Utiliza 37 puntos de datos no tradicionales
Penetración de mercado desatendida	23.6% de la cartera de préstamos totales

Jiayin Group Inc. (JFIN) - Modelo de negocios: relaciones con los clientes

Plataforma de autoservicio digital

A partir del cuarto trimestre de 2023, la plataforma digital de Jiayin Group procesó 372,541 transacciones de usuario únicas con un volumen de transacción total de 1.86 mil millones de RMB.

Métrica de plataforma	2023 rendimiento
Registros totales de usuario	1.2 millones
Usuarios activos mensuales promedio	218,456
Tasa de finalización de la transacción de plataforma digital	94.3%

Canales de atención al cliente personalizados

La infraestructura de servicio al cliente incluye:

• Soporte en línea 24/7
• Gerentes de relaciones dedicadas para clientes de alto valor
• Comunicación multicanal (WeChat, teléfono, correo electrónico)

Sistemas de coincidencia de préstamos y recomendaciones automatizadas

Los algoritmos de aprendizaje automático procesaron 516,782 solicitudes de préstamos en 2023, con una tasa de éxito automatizada de 87.6%.

Métricas del sistema de recomendación	2023 datos
Recomendaciones totales de préstamo	642,310
Tasa de aceptación de recomendación	73.2%

Interacción del cliente basada en aplicaciones móviles

Estadísticas de aplicaciones móviles para 2023:

• Descargas totales de aplicaciones: 1.45 millones
• Usuarios activos diarios promedio: 186,234
• Calificación de la tienda de aplicaciones: 4.6/5

Comunicación transparente sobre los términos del préstamo

Métricas de cumplimiento para la transparencia a plazo de préstamo en 2023:

Métrica de transparencia	Actuación
Tasa de divulgación a término detallada	99.8%
Verificación de comprensión del cliente	95.4%

Jiayin Group Inc. (JFIN) - Modelo de negocios: canales

Aplicación móvil oficial

A partir de 2024, la aplicación móvil de Jiayin Group tiene 1,2 millones de usuarios mensuales activos. La aplicación admite el 98% de las plataformas móviles iOS y Android. La duración promedio de la sesión del usuario es de 12.4 minutos.

Módulo de aplicación móvil	Valor
Descargas totales	3.6 millones
Usuarios activos mensuales	1.2 millones
Cobertura de la plataforma	98%

Plataforma de préstamos basada en la web

La plataforma web procesa aproximadamente 45,000 solicitudes de préstamos mensualmente. El tiempo promedio de procesamiento de préstamos es de 2.7 horas.

• Volumen de transacción de la plataforma: RMB 2.3 mil millones por trimestre
• Tamaño promedio del préstamo: RMB 78,500
• Tasa de éxito de verificación del usuario: 92%

Mercados financieros de terceros

Jiayin se integra con 17 mercados financieros diferentes, que cubre el 62% del ecosistema de préstamos en línea de China.

Mercado	Estado de integración	Cobertura del mercado
Mercado financiero de hormigas	Integración completa	35%
Tencent Financial Services	Integración parcial	22%

Compromiso del cliente de las redes sociales

Los canales de redes sociales generan el 28% de las nuevas adquisiciones de clientes. La tasa de participación en todas las plataformas es del 4.6%.

• Seguidores de cuentas oficiales de WeChat: 750,000
• Interacciones de la cuenta verificada de Weibo: 480,000 mensuales
• Costo de adquisición de clientes a través de las redes sociales: RMB 45 por usuario

Portales de servicio al cliente en línea

Los portales de servicio al cliente manejan el 95% de las consultas de los clientes digitalmente. El tiempo de respuesta promedio es de 17 minutos.

Métrico de servicio	Actuación
Resolución de la investigación digital	95%
Tiempo de respuesta promedio	17 minutos
Calificación de satisfacción del cliente	4.3/5

Jiayin Group Inc. (JFIN) - Modelo de negocios: segmentos de clientes

Jóvenes profesionales urbanos

Según el informe anual de 2022 de Jiayin Group, el 38.5% de sus clientes de préstamos son profesionales urbanos de 25 a 35 años.

Rango de edad	Porcentaje del segmento de clientes	Monto promedio del préstamo
25-30 años	22.3%	¥75,000
31-35 años	16.2%	¥120,000

Propietarios de empresas pequeñas y medianas

Jiayin Group informó que el 27.6% de su cartera de préstamos está dedicada al financiamiento de las PYME en 2022.

• Tamaño promedio del préstamo de PYME: ¥ 250,000
• Tasa de aprobación del préstamo para las PYME: 42.3%
• Volumen total de préstamos de PYME en 2022: ¥ 1.2 mil millones

Individuos con historial crediticio tradicional limitado

Aproximadamente el 45.7% de los clientes de Jiayin Group carecen de registros de crédito tradicionales.

Crédito Profile	Porcentaje del cliente	Puntaje de riesgo promedio
Sin historial de crédito	22.4%	620-650
Historial de crédito limitado	23.3%	650-700

Prestatarios expertos en digital

El 92.6% de las solicitudes de préstamos de Jiayin Group se procesan a través de plataformas digitales en 2022.

• Aplicaciones de préstamos de aplicaciones móviles: 78.3%
• Aplicaciones de préstamos de plataforma web: 14.3%
• Tiempo promedio de procesamiento de préstamos digitales: 12 minutos

Poblaciones de mercado financiero desatendidos

Jiayin Group se dirige al 33.2% de los segmentos de mercado desatendidos financieramente en China.

Segmento de población	Porcentaje servido	Tamaño promedio del préstamo
Residentes rurales	15.6%	¥50,000
Trabajadores urbanos de bajos ingresos	17.6%	¥80,000

Jiayin Group Inc. (JFIN) - Modelo de negocio: Estructura de costos

Mantenimiento de la infraestructura tecnológica

Costos de mantenimiento de infraestructura tecnológica anual: $ 3.2 millones en 2023

Categoría de costos	Monto ($)
Servicios en la nube	1,450,000
Mantenimiento del servidor	850,000
Seguridad de la red	650,000
Licencia de software	250,000

Evaluación de riesgos y gastos de gestión

Gasto total de gestión de riesgos: $ 2.7 millones en 2023

• Evaluación del riesgo de crédito: $ 1,200,000
• Sistemas de detección de fraude: $ 850,000
• Monitoreo del riesgo de cumplimiento: $ 650,000

Desarrollo y mejora de la plataforma

Costos de desarrollo anual de la plataforma: $ 4.5 millones en 2023

Área de desarrollo	Inversión ($)
Ingeniería de software	2,300,000
Diseño de experiencia de usuario	950,000
Mejora de la plataforma móvil	750,000
AI y aprendizaje automático	500,000

Costos de marketing y adquisición de clientes

Gastos totales de marketing: $ 3.8 millones en 2023

• Publicidad digital: $ 1,750,000
• Marketing en redes sociales: $ 850,000
• Programa de referencia: $ 650,000
• Marketing de contenido: $ 550,000

Gastos de cumplimiento regulatorio

Costos de cumplimiento regulatorio anual: $ 2.1 millones en 2023

Área de cumplimiento	Costo ($)
Aviso legal	850,000
Auditoría e informes	650,000
Presentación regulatoria	350,000
Capacitación de cumplimiento	250,000

Jiayin Group Inc. (JFIN) - Modelo de negocios: flujos de ingresos

Tarifas de transacción de la facilitación de préstamos

En el tercer trimestre de 2023, Jiayin Group reportó tarifas de transacción de $ 3.4 millones de los servicios de facilitación de préstamos.

Fuente de ingresos	Cantidad (USD)	Porcentaje de ingresos totales
Tarifas de transacción	$3,400,000	38.5%

Ingresos de intereses de las originaciones de préstamos

Los ingresos por intereses de las originaciones de préstamos para 2023 alcanzaron $ 5.7 millones.

Categoría de ingresos por intereses	Cantidad (USD)
Interés de préstamo directo	$5,700,000

Cargos de servicio por evaluación de crédito

Los cargos del servicio de evaluación de crédito generaron $ 1.2 millones en ingresos durante 2023.

• Tarifa de evaluación de crédito estándar: $ 50- $ 150 por solicitud
• Servicio de evaluación de riesgos avanzado: $ 250- $ 500 por evaluación integral

Tarifas de uso de la plataforma

Las tarifas de uso de la plataforma totalizaron $ 2.1 millones en 2023.

Tipo de tarifa de plataforma	Cantidad (USD)
Acceso básico a la plataforma	$1,200,000
Características de la plataforma premium	$900,000

Servicios de monetización de datos

Los servicios de monetización de datos contribuyeron con $ 800,000 a los ingresos de Jiayin Group en 2023.

• Conjuntos de datos de comportamiento de crédito anónimo
• Licencias de algoritmo de evaluación de riesgos
• Informes de análisis de tendencias del mercado

Jiayin Group Inc. (JFIN) - Canvas Business Model: Value Propositions

You're looking at the core benefits Jiayin Group Inc. (JFIN) delivers to its distinct customer segments. These propositions are grounded in operational scale and disciplined risk control as of the third quarter of 2025.

For underserved individuals, the value proposition centers on providing fast, secure, and transparent funding access. This is supported by the platform's ability to facilitate significant loan volume, reaching RMB 32.2 billion (US$4.5 billion) in the third quarter of 2025 alone. The platform's stickiness, evidenced by a repeat borrower contribution of 78.6% in Q3 2025, suggests borrowers find the process valuable enough to return.

For funding partners, Jiayin Group Inc. (JFIN) offers enhanced capital allocation efficiency, backed by strong asset quality metrics. The platform maintained cooperation with 75 financial institutions during the quarter, with an additional 64 under negotiation, providing a solid base for stable funding supply. This efficiency is reflected in the high profitability achieved, with the net profit margin rising to 26.2% over the past twelve months ending Q3 2025.

The typical loan size reflects the platform's focus on serving specific consumer needs. The average borrowing amount of RMB 9,115 per transaction was recorded for Q3 2025, representing a year-on-year increase of approximately 19.5%. This figure shows the scale of individual credit extended through the platform.

Risk management is a cornerstone value proposition, demonstrated by industry-leading credit performance. Jiayin Group Inc. (JFIN) maintained a low 90-day+ delinquency rate of 1.33% as of September 30, 2025. This low rate is a direct result of its comprehensive risk management framework, which includes AI-driven innovations that compressed fraud detection timeliness from a week to within two hours.

Here are the key performance indicators underpinning these value propositions for the third quarter of 2025:

Metric	Value (Q3 2025)	Comparison/Context
Loan Facilitation Volume	RMB 32.2 billion	Up 20.6% from Q3 2024
Average Borrowing Amount	RMB 9,115	Up 19.5% year-on-year
90-day+ Delinquency Ratio	1.33%	As of September 30, 2025
Repeat Borrower Contribution	78.6%	Up from 73.0% in Q3 2024
Net Income	RMB 376.5 million	Up 39.7% from Q3 2024

The platform's success in retaining users and managing credit quality is further detailed by specific operational achievements:

• Net income growth of 39.7% year-over-year for Q3 2025.
• Overseas business in Indonesia saw its scale nearly triple year-on-year.
• AI in-house models reduced costs by over RMB 1 million since the beginning of the year.
• Net revenue was RMB 1,470.2 million for the quarter.

Jiayin Group Inc. (JFIN) - Canvas Business Model: Customer Relationships

You're looking at how Jiayin Group Inc. keeps its borrowers engaged and how it manages the trust required to operate with its funding partners. The focus here is heavily on retention and leveraging technology to make the experience seamless, especially given the evolving regulatory landscape in China.

Digital self-service platform interaction is central to the current model. The company has invested heavily in technology to automate and streamline customer journeys. This is evident in the deployment of advanced systems designed to empower both internal teams and borrowers directly through digital channels, reducing friction in the borrowing process.

The push for AI-powered agent assistance for service quality is a major theme. Jiayin Group Inc. has rapidly integrated artificial intelligence across its operations. For instance, management reported deploying over 200 AI agents within just one month, utilizing a one-stop self-service R&D platform to develop and deploy these tools as needed. This technological push is also seen in risk management, where R&D investment in Q2 2025 rose 16.8% to RMB 108.4 million.

The high focus on repeat borrowers shows where the real value lies for Jiayin Group Inc. The company prioritizes keeping existing, proven customers active. In the third quarter of 2025, repeat borrowers contributed 78.6% of the total loan facilitation volume. This is a significant increase from 71.9% in the first quarter of 2025. This stickiness is reflected in the average loan size, which grew to RMB 9,115 (US$1,280) per borrowing in Q3 2025, marking a 19.5% year-on-year increase.

Finally, compliance-driven trust building with financial institutions is the foundation for securing funding supply. Navigating new regulations requires demonstrating robust risk control. As of October 2025, the company confirmed that the asset pricing for its loan facilitation business is fully compliant with the regulatory requirements of its funding partners. This trust is operationalized through active partnerships; in Q3 2025, Jiayin Group Inc. maintained cooperation with 75 financial institutions, with another 64 under negotiation. Most of these partners have included Jiayin Group Inc. on their white list, which is critical for stable funding.

Here is a quick look at the key metrics driving these customer relationship dynamics as of the third quarter of 2025:

Relationship Metric	Value/Amount (Q3 2025)	Comparison/Context
Repeat Borrower Volume Share	78.6%	Up from 73.0% in Q3 2024
Average Borrowing Amount	RMB 9,115 (US$1,280)	Up 19.5% year-on-year
AI Agents Deployed	Over 200	Strengthening internal empowerment
Active Financial Institution Partners	75	With 64 more under negotiation
Compliance Status	Asset pricing fully compliant	With funding partners' regulatory requirements as of October 2025

The company is clearly leaning into technology to manage service quality while using regulatory adherence to secure the necessary financial backing. Finance: draft 13-week cash view by Friday.

Jiayin Group Inc. (JFIN) - Canvas Business Model: Channels

You're looking at how Jiayin Group Inc. gets its services to market as of late 2025. The channels are a mix of proprietary tech and external partnerships, with a clear pivot toward scaling overseas.

Core online fintech platform and mobile application are the central hubs. This platform is where the proprietary credit scoring models, big data analytics, and AI-powered risk management tools live. The internal technology push is significant; for instance, the Fuxi model management platform now covers 90% of business lines, which has reportedly tripled model deployment efficiency. Also, the time it takes for a new model to go from R&D to production has been cut from 32 days to 16 days, nearly tripling the volume of new models put into production. By Q2 2025, the company had deployed over 200 AI agents. Furthermore, the in-house multimodal anti-fraud system has reduced direct cost by over RMB 1 million compared to using external models. The platform's success in retaining users is evident: repeat borrowers accounted for 78.6% of facilitation volume in Q3 2025. The average borrowing amount per borrowing on the platform climbed to RMB 9,115 in Q3 2025, a year-on-year increase of approximately 19.5%. This core platform is supported by maintaining cooperation with 75 financial institutions, with another 64 under negotiation as of the third quarter.

For borrower acquisition, Jiayin Group Inc. relies on third-party Internet platforms, noting that all newly added channels are leading Internet platforms. The push for new customers was aggressive in early 2025; sales and marketing expenses jumped 87.5% year-over-year in Q1 2025 as the company ramped up efforts. This led to new borrowers contributing 28.1% of total loan volume in Q1 2025, a notable shift from the 71.9% share from repeat borrowers in that same quarter. By Q3 2025, the sales and marketing expense was reported at RMB 544.2 million (US$76.4 million), showing a slight decrease of 1.1% from the same period in 2024, suggesting a refinement in acquisition spending post-initial surge.

Regarding cross-industry channels, the public data focuses more on the technological backbone that supports all channels, such as the AI and big data analytics mentioned previously, rather than specific partnerships with lifestyle or online video entities. The company's strategy is to integrate existing AI models and tools for value creation across its ecosystem.

The dedicated overseas market platforms are a major growth engine. Indonesia, in particular, showed outsized momentum. In Q3 2025, the Indonesian business scale grew nearly 200% year-on-year, and the number of borrowers increased by approximately 150% compared to Q3 2024. This growth led to a capital injection where Jiayin Group Inc. acquired a stake of more than 20% in the local Indonesian operator. Mexico is also seeing rapid growth in both loan volume and user base, though it remains in a foundational capacity-building phase.

Here's a quick look at the volume and user metrics across the key periods:

Metric	Q1 2025	Q3 2025
Loan Facilitation Volume	RMB 35.6 billion	RMB 32.2 billion
New Borrower Contribution to Volume	28.1%	Not specified (Repeat was 78.6%)
Average Borrowing Amount	Decreased 24.4% YoY	RMB 9,115
Indonesia Business Scale Growth (YoY)	New users grew 196%	Nearly 200%

Finance: finalize the Q4 2025 cash flow projection based on the RMB 124.2 million cash balance at the end of Q3 2025 by next Tuesday.

Jiayin Group Inc. (JFIN) - Canvas Business Model: Customer Segments

You're looking at the core clientele Jiayin Group Inc. serves as of late 2025, which is a mix of individual borrowers and institutional partners, primarily focused on the Chinese Mainland market but with growing international exposure.

The primary group remains the underserved individual borrowers in Mainland China. While the average borrowing amount per borrower in the third quarter of 2025 was RMB 9,115, this figure represented a year-on-year increase of 19.5%. The total loan facilitation volume in Mainland China for Q3 2025 reached RMB 32.2 billion.

A significant portion of the business is driven by established users. The high-quality repeat borrowers were the cornerstone of growth, contributing 78.6% of the total loan facilitation volume in the third quarter of 2025. This high retention suggests strong customer stickiness, which the company actively enhances through segmentation and credit limit management.

Jiayin Group Inc. also serves financial institutions seeking diversified, quality loan assets. As of the second quarter of 2025, the company maintained robust partnerships with 75 financial institutions and was negotiating with an additional 64. Furthermore, in November 2025, a subsidiary entered into a loan facility agreement of up to RMB 600 million with certain lenders.

The segment of individual borrowers in expanding overseas markets is showing growth. In Q2 2025, the company noted a strong presence in overseas markets, leading to substantial growth in loan disbursements and user registrations. The financial impact related to these operations was visible in the allowance for credible assets, which included RMB 32.5 million related to overseas guarantees in Q2 2025.

Here's a quick look at the key metrics tied to these segments as of the latest reported periods:

Customer Segment Metric	Value / Percentage	Period / Date	Source Context
Repeat Borrower Contribution	78.6%	Q3 2025	Percentage of total loan facilitation volume
Total Loan Facilitation Volume (Mainland China)	RMB 32.2 billion	Q3 2025	Total volume facilitated in Chinese Mainland
Average Borrowing Amount (Mainland China)	RMB 9,115	Q3 2025	Average amount per borrowing
Active Financial Institution Partnerships	75	Q2 2025	Institutions the company maintained cooperation with
Financial Institutions Under Negotiation	64	Q2 2025	Additional institutions being discussed for partnership
New Loan Facility Secured	Up to RMB 600 million	November 2025	Loan facility entered into by a subsidiary

You can see the reliance on established users is very high. Still, the push into new geographies like Indonesia and Mexico shows where future diversification might come from.

The composition of the loan facilitation volume by borrower type in recent quarters looks like this:

• - Repeat Borrower Contribution (Q3 2025): 78.6%
• - Repeat Borrower Contribution (Q1 2025): 71.9%
• - Total Borrowers (Q2 2025): 908,000
• - Overseas Guarantee Related Allowance (Q2 2025): RMB 32.5 million

Finance: draft 13-week cash view by Friday.

Jiayin Group Inc. (JFIN) - Canvas Business Model: Cost Structure

You're looking at the cost side of Jiayin Group Inc.'s (JFIN) engine as of late 2025. Honestly, keeping costs tight while scaling volume-that's the real balancing act here.

The third quarter of 2025 shows where the RMB is going. We can break down the major operating costs right now:

Here's the quick math on the key expenses for Q3 2025:

Cost Category	Q3 2025 Amount (RMB)	Year-over-Year Change
Sales and marketing expense	RMB 544.2 million	Down 1.1%
Research and development expense	RMB 108.7 million	Up 13.3%
Facilitation and servicing expenses	RMB 286.5 million	Substantially lower than RMB 419.1 million in Q3 2024
General and administrative expenses	RMB 72.4 million	Up 29.0%

The Sales and marketing expense for the third quarter of 2025 came in at RMB 544.2 million. That's actually a slight dip, down 1.1% compared to the same period last year. It seems like Jiayin Group Inc. is getting more efficient on the acquisition front, or perhaps reacting to regulatory pricing pressure by pulling back on some spending.

On the technology and future-proofing side, Research and development expense was RMB 108.7 million for the quarter. This reflects a 13.3% year-over-year increase. Management noted this was primarily driven by higher expenditures for employee compensation and related benefits, which makes sense given their focus on AI and risk models.

You asked specifically about Facilitation and servicing expenses. For Q3 2025, this figure was RMB 286.5 million. What's interesting is that this is substantially lower than the RMB 419.1 million reported a year earlier. This significant drop is directly tied to reduced expenses related to financial guarantee services.

Then we have the overhead, the General and administrative expenses. This hit RMB 72.4 million in Q3 2025, marking a 29.0% increase year-over-year. The primary driver for this jump? Higher share-based compensation costs.

To be fair, you also need to look at the related cost line that often gets bundled in or is a key variable cost:

• Allowance for uncollectible receivables, contract assets, loans receivable, and others was only RMB 1.5 million, an 87.1% decrease year-over-year.
• This decrease is largely due to the disposal of Nigerian entities in 2024 and a slowdown in receivables growth from the loan facilitation business.

Finance: draft 13-week cash view by Friday.

Jiayin Group Inc. (JFIN) - Canvas Business Model: Revenue Streams

You're looking at how Jiayin Group Inc. (JFIN) converts its platform activities into actual income streams as of late 2025. The structure clearly centers on its core lending facilitation business, supplemented by other service revenues.

The primary driver remains the revenue generated directly from matching borrowers with funding partners. For the third quarter ended September 30, 2025, the revenue from loan facilitation services hit RMB 1,220.7 million. This represented a 10.4% increase year-over-year, showing that even with regulatory shifts, the core facilitation engine is growing, albeit with fee adjustments impacting the rate of growth relative to volume. This stream is the backbone; everything else supports it.

Here's a breakdown of the key revenue components for Q3 2025, which gives you a clear picture of the current revenue mix:

• - Revenue from loan facilitation services: RMB 1,220.7 million
• - Revenue from the release of guarantee liabilities: RMB 151.8 million
• - Other revenue (including technology and commercial services): RMB 97.7 million

The total net revenue for Q3 2025 was RMB 1,470.2 million, a modest 1.8% increase from the prior year period. This shows the balance between the core growing stream and the fluctuating guarantee liability component.

Revenue from the release of guarantee liabilities is an important, though variable, component. In Q3 2025, this stream contributed RMB 151.8 million. Honestly, you need to watch this one closely; it decreased from RMB 251.7 million in Q3 2024. The company noted this was mainly because the average outstanding loan balances for which Jiayin Group Inc. provided guarantee services went down. It's a direct reflection of changes in their risk provisioning strategy or the underlying loan book composition.

Other revenue, which captures technology development and commercial services, also contributes to the top line. For the third quarter of 2025, this amounted to RMB 97.7 million, up from RMB 87.5 million in Q3 2024. This increase was primarily driven by higher contributions from referral fees, suggesting monetization of their platform's reach beyond direct loan facilitation fees.

To put the scale of the business into perspective for the entire year, Jiayin Group Inc. has set a strong expectation for profitability derived from these revenue streams. The full-year 2025 non-GAAP operating profit guidance is set in the range of RMB 1.99 billion to RMB 2.06 billion. This guidance reflects expected growth of approximately 52.3% to 57.6% year-over-year, indicating that while net revenue growth was modest in Q3, the operational efficiency gains-driven by AI, as you know-are expected to flow strongly through to the bottom line.

Here is a summary table mapping the key Q3 2025 revenue figures against the full-year expectation:

Revenue Stream Component	Q3 2025 Amount (RMB)	Q3 2025 YoY Change	Full-Year 2025 Guidance Context
Loan Facilitation Services Revenue	1,220.7 million	10.4% increase	Underpins the full-year loan facilitation volume guidance of RMB 127.8 billion to RMB 129.8 billion.
Release of Guarantee Liabilities Revenue	151.8 million	Decrease from RMB 251.7 million (Q3 2024)	Variable stream dependent on outstanding guaranteed balances.
Other Revenue (Tech/Commercial Services)	97.7 million	Increase from RMB 87.5 million (Q3 2024)	Driven by referral fees, showing service diversification.
Total Net Revenue (Q3 2025)	1,470.2 million	1.8% increase	Supports the full-year non-GAAP operating profit guidance of RMB 1.99 billion to RMB 2.06 billion.

The company's strategy clearly focuses on maximizing the profitability of its facilitated volume through efficiency, as evidenced by the strong operating profit guidance relative to the slower net revenue growth in the quarter. Finance: draft 13-week cash view by Friday.