JIAYIN GROUP Inc. (JFIN): Business Model Canvas [Jan-2025 Mise à jour]

Dans le monde dynamique de la finance numérique, Jiayin Group Inc. (JFIN) apparaît comme une force transformatrice, révolutionnant les prêts en ligne via son modèle commercial innovant. En tirant parti de la technologie financière de pointe et des algorithmes d'évaluation des risques sophistiqués, JFIN a sculpté un créneau unique dans le paysage fintech en évolution rapide de la Chine, offrant des solutions de prêt accessibles et flexibles aux segments de marché mal desservis. Cette exploration complète de la toile des modèles commerciaux de JFIN dévoilera les mécanismes stratégiques stimulant leur approche remarquable des prêts numériques, révélant comment ils redéfinissent l'accessibilité financière pour les jeunes professionnels urbains, les propriétaires de petites entreprises et les individus traditionnellement ignorés par les systèmes bancaires conventionnels.

Jiayin Group Inc. (JFIN) - Modèle d'entreprise: partenariats clés

Coopération stratégique avec les plateformes de prêt en ligne chinois

Jiayin Group entretient des partenariats stratégiques avec plusieurs plateformes de prêt en ligne en Chine, notamment:

Nom de la plate-forme	Détails du partenariat	Année établie
Ppdai	Collaboration de prêts entre pairs	2016
Renrendai	Contrat de partage des risques de crédit	2017

Collaboration avec les fournisseurs de services de technologie financière

Les partenariats technologiques financières du groupe Jiayin comprennent:

• Groupe de services financiers ANT
• Technologie financière de Tencent
• Baidu Financial Services

Partenariats avec des processeurs de paiement tiers

Processeur de paiement	Volume de transaction	Année de partenariat
Alipay	Volume de transaction annuel de 532 millions de dollars	2018
WeChat Pay	Volume de transactions annuel de 476 millions de dollars	2019

Relations avec les sociétés de gestion des risques et d'évaluation du crédit

Partenariats clés de gestion des risques:

• Experian China - Crédit Scoring Collaboration
• TransUnion China - Services d'évaluation des risques
• Service d'information sur le crédit en Chine

Partenaire d'évaluation des risques	Valeur annuelle d'atténuation des risques	Durée du partenariat
Experian China	Réduction des risques de 42,3 millions de dollars	5 ans
TransUnion Chine	Réduction des risques de 38,7 millions de dollars	4 ans

JIAYIN GROUP Inc. (JFIN) - Modèle d'entreprise: Activités clés

Opérations de plate-forme de prêt entre pairs en ligne

Jiayin Group exploite une plate-forme de prêt entre pairs en ligne avec les mesures clés suivantes:

Métrique de la plate-forme	Données quantitatives
Volume total des prêts	1,98 milliard de dollars (2022 annuel)
Utilisateurs actifs	1,2 million d'emprunteurs enregistrés
Taille moyenne du prêt	15 600 $ par transaction

Évaluation et gestion des risques de crédit

Les processus de gestion des risques comprennent:

• Algorithme de notation de crédit propriétaire
• Système de vérification multicouche
• Surveillance des risques en temps réel

Métrique de gestion des risques	Données de performance
Ratio de prêts non performants	3.7% (2022)
Taux de prévention par défaut	92.5%

Développement de produits de la technologie financière

Détails de l'investissement technologique:

Catégorie de R&D	Investissement annuel
Développement technologique	18,5 millions de dollars (2022)
Équipe d'ingénierie logicielle	126 ingénieurs à temps plein

Gestion de l'écosystème des prêts numériques

Mesures d'intégration de l'écosystème:

• Institutions financières partenaires: 47
• Canaux de vérification des données tiers: 12
• Plateformes d'intégration API: 8

Notation et vérification de crédit alternative

Paramètre de notation du crédit	Points de données de vérification
Sources de données alternatives	16 canaux de vérification uniques
Précision du modèle d'apprentissage automatique	89,6% de performance prédictive

JIAYIN GROUP Inc. (JFIN) - Modèle d'entreprise: Ressources clés

Infrastructure de technologie financière propriétaire avancée

Depuis le quatrième trimestre 2023, l'infrastructure technologique du groupe Jiayin comprend:

Composant d'infrastructure	Spécification
Capacité de cloud computing	Fiabilité de disponibilité de 98,7%
Vitesse de traitement des données	Plus de 500 000 transactions par minute
Infrastructure de serveur	Distribué dans 3 centres de données majeurs

Grande base de données d'informations de crédit emprunteur

Métriques de la base de données de crédit:

• Profils totaux de l'emprunteur: 6,3 millions
• Couverture des données historiques: plus de 7 ans
• Taux de précision de vérification des données: 99,2%

Algorithmes de gestion des risques sophistiqués

Paramètre d'évaluation des risques	Métrique de performance
Précision de prédiction par défaut	94.5%
Score à risque en temps réel	Moins de 50 millisecondes de traitement

Plate-forme numérique et capacités technologiques

• Base d'utilisateurs d'applications mobiles: 2,1 millions d'utilisateurs actifs
• Volume de transaction de plate-forme: 1,2 milliard de dollars en 2023
• Capacités d'intégration de l'API: 47 Connexions de service financier

Pool de talents financiers et technologiques expérimentés

Catégorie des employés	Nombre
Total des employés	512
Professionnels de la technologie	237
Analystes financiers	124
Expérience moyenne des employés	6,3 ans

Jiayin Group Inc. (JFIN) - Modèle d'entreprise: propositions de valeur

Solutions de prêt en ligne pratique et accessible

Jiayin Group fournit des plateformes de prêt en ligne avec les mesures clés suivantes:

Métrique de la plate-forme	Données spécifiques
Volume total de prêts en ligne	1,43 milliard de dollars (rapport annuel 2022)
Base d'utilisateurs actifs	1,2 million d'utilisateurs enregistrés
Pénétration de la plate-forme numérique	87,6% des transactions de prêt effectuées en ligne

Processus d'approbation des prêts plus rapides

Mesures d'efficacité de traitement des prêts:

• Temps d'approbation du prêt moyen: 24 heures
• Achèvement automatisé de l'évaluation du crédit: moins de 15 minutes
• Taux de réussite de la vérification numérique: 92,3%

Réduire les taux d'intérêt pour les emprunteurs qualifiés

Catégorie de l'emprunteur	Fourchette de taux d'intérêt
Principaux emprunteurs	8.5% - 12.5%
Emprunteurs de milieu de niveau	13.5% - 18.5%

Options de prêt flexibles pour les petites et moyennes entreprises

Détails du portefeuille de prêt PME:

• Volume total de prêts PME: 412 millions de dollars (2022)
• Taille moyenne du prêt PME: 85 000 $
• Taux d'approbation du prêt PME: 67,3%

Évaluation alternative du crédit pour les segments de marché mal desservis

Paramètre d'évaluation du crédit	Approche innovante
Score de crédit alternatif	Utilise 37 points de données non traditionnels
Pénétration du marché mal desservis	23,6% du portefeuille total des prêts

JIAYIN GROUP Inc. (JFIN) - Modèle d'entreprise: relations avec les clients

Plate-forme numérique en libre-service

Au quatrième trimestre 2023, la plate-forme numérique du groupe Jayin a traité 372 541 transactions utilisateur uniques avec un volume de transaction total de 1,86 milliard de RMB.

Métrique de la plate-forme	Performance de 2023
Registrations totales des utilisateurs	1,2 million
Utilisateurs actifs mensuels moyens	218,456
Taux d'achèvement des transactions de plate-forme numérique	94.3%

Canaux de support client personnalisés

L'infrastructure du service client comprend:

• Assistance en ligne 24/7
• Gestionnaires de relations dédiées aux clients de grande valeur
• Communication multicanal (WeChat, téléphone, e-mail)

Systèmes automatisés de correspondance de prêts et de recommandations

Les algorithmes d'apprentissage automatique traités 516 782 demandes de prêt en 2023, avec un taux de réussite automatisé de 87,6%.

Métriques du système de recommandation	2023 données
Recommandations totales de prêt	642,310
Taux d'acceptation de recommandation	73.2%

Interaction du client basé sur des applications mobiles

Statistiques des applications mobiles pour 2023:

• Total des téléchargements d'applications: 1,45 million
• Utilisateurs actifs quotidiens moyens: 186 234
• Évaluation de l'App Store: 4.6 / 5

Communication transparente sur les conditions de prêt

Mesures de conformité pour la transparence des termes de prêt en 2023:

Métrique de transparence	Performance
Taux de divulgation à terme détaillé	99.8%
Vérification de la compréhension du client	95.4%

Jiayin Group Inc. (JFIN) - Modèle d'entreprise: canaux

Application mobile officielle

En 2024, l'application mobile de Jiayin Group compte 1,2 million d'utilisateurs mensuels actifs. L'application prend en charge 98% des plates-formes mobiles iOS et Android. La durée moyenne de la session utilisateur est de 12,4 minutes.

Métrique de l'application mobile	Valeur
Téléchargements totaux	3,6 millions
Utilisateurs actifs mensuels	1,2 million
Couverture de la plate-forme	98%

Plateforme de prêt sur le Web

La plate-forme Web traite environ 45 000 demandes de prêt par mois. Le temps de traitement des prêts moyens est de 2,7 heures.

• Volume de transaction de plate-forme: 2,3 milliards de RMB par trimestre
• Taille moyenne du prêt: RMB 78,500
• Taux de réussite de la vérification des utilisateurs: 92%

Places de marchés financiers tiers

Jiayin s'intègre à 17 marchés financiers différents, couvrant 62% de l'écosystème de prêt en ligne chinois.

Marché	Statut d'intégration	Couverture du marché
Market financier de la fourmi	Intégration complète	35%
Services financiers Tencent	Intégration partielle	22%

Engagement client sur les médias sociaux

Les canaux de médias sociaux génèrent 28% des nouvelles acquisitions de clients. Le taux d'engagement sur toutes les plates-formes est de 4,6%.

• Les abonnés du compte officiel de WeChat: 750 000
• Les interactions de compte vérifié Weibo: 480 000 mensuels
• Coût d'acquisition du client via les médias sociaux: RMB 45 par utilisateur

Portails de service à la clientèle en ligne

Les portails de service à la clientèle gèrent 95% des demandes des clients numériquement. Le temps de réponse moyen est de 17 minutes.

Métrique de service	Performance
Résolution de l'enquête numérique	95%
Temps de réponse moyen	17 minutes
Évaluation de satisfaction du client	4.3/5

JIAYIN GROUP Inc. (JFIN) - Modèle d'entreprise: segments de clientèle

Jeunes professionnels urbains

Selon le rapport annuel de Jiayin Group en 2022, 38,5% de leurs clients de prêts sont des professionnels urbains âgés de 25 à 35 ans.

Tranche d'âge	Pourcentage du segment de la clientèle	Montant moyen du prêt
25-30 ans	22.3%	¥75,000
31-35 ans	16.2%	¥120,000

Propriétaires de petites et moyennes entreprises

Jiayin Group a déclaré 27,6% de leur portefeuille de prêts dédié au financement des PME en 2022.

• Taille moyenne du prêt PME: 250 000 ¥
• Taux d'approbation du prêt pour les PME: 42,3%
• Volume total de prêts PME en 2022: 1,2 milliard de ¥

Individus ayant des antécédents de crédit traditionnels limités

Environ 45,7% des clients du groupe Jiayin manquent de dossiers de crédit traditionnels.

Crédit Profile	Pourcentage de clientèle	Score de risque moyen
Aucun historique de crédit	22.4%	620-650
Historique de crédit limité	23.3%	650-700

Emprunteurs avertis du numérique

92,6% des demandes de prêt du groupe Jiayin sont traitées via des plateformes numériques en 2022.

• Applications de prêt d'application mobile: 78,3%
• Applications de prêt de plate-forme Web: 14,3%
• Temps de traitement des prêts numériques moyen: 12 minutes

Populations de marché financier mal desservi

Le groupe Jiayin cible 33,2% des segments de marché mal desservis financièrement en Chine.

Segment de la population	Pourcentage servi	Taille moyenne du prêt
Résidents ruraux	15.6%	¥50,000
Travailleurs urbains à faible revenu	17.6%	¥80,000

Jiayin Group Inc. (JFIN) - Modèle d'entreprise: Structure des coûts

Maintenance des infrastructures technologiques

Coûts de maintenance des infrastructures technologiques annuelles: 3,2 millions de dollars en 2023

Catégorie de coûts	Montant ($)
Services cloud	1,450,000
Maintenance du serveur	850,000
Sécurité du réseau	650,000
Licence de logiciel	250,000

Évaluation des risques et dépenses de gestion

Dépenses totales de gestion des risques: 2,7 millions de dollars en 2023

• Évaluation des risques de crédit: 1 200 000 $
• Systèmes de détection de fraude: 850 000 $
• Surveillance des risques de conformité: 650 000 $

Développement et amélioration de la plate-forme

Coûts de développement de la plate-forme annuels: 4,5 millions de dollars en 2023

Zone de développement	Investissement ($)
Génie logiciel	2,300,000
Conception de l'expérience utilisateur	950,000
Amélioration de la plate-forme mobile	750,000
IA et apprentissage automatique	500,000

Coûts de marketing et d'acquisition des clients

Total des dépenses de marketing: 3,8 millions de dollars en 2023

• Publicité numérique: 1 750 000 $
• Marketing des médias sociaux: 850 000 $
• Programme de référence: 650 000 $
• Marketing de contenu: 550 000 $

Dépenses de conformité réglementaire

Coûts annuels de conformité réglementaire: 2,1 millions de dollars en 2023

Zone de conformité	Coût ($)
Avis juridique	850,000
Audit et rapport	650,000
Dépôt réglementaire	350,000
Formation de la conformité	250,000

JIAYIN GROUP Inc. (JFIN) - Modèle d'entreprise: sources de revenus

Frais de transaction de la facilitation du prêt

Au troisième trimestre 2023, Jiayin Group a déclaré des frais de transaction de 3,4 millions de dollars des services de facilitation des prêts.

Source de revenus	Montant (USD)	Pourcentage du total des revenus
Frais de transaction	$3,400,000	38.5%

Revenu des intérêts provenant des origines du prêt

Les revenus d'intérêts provenant des origines du prêt pour 2023 ont atteint 5,7 millions de dollars.

Catégorie de revenu d'intérêt	Montant (USD)
Intérêt direct des prêts	$5,700,000

Frais de service pour l'évaluation du crédit

Les frais de service d'évaluation du crédit ont généré 1,2 million de dollars de revenus en 2023.

• Frais d'évaluation du crédit standard: 50 $ - 150 $ par demande
• Service avancé d'évaluation des risques: 250 $ à 500 $ par évaluation complète

Frais d'utilisation de la plate-forme

Les frais d'utilisation des plateformes ont totalisé 2,1 millions de dollars en 2023.

Type de frais de plate-forme	Montant (USD)
Accès de la plate-forme de base	$1,200,000
Caractéristiques de la plate-forme premium	$900,000

Services de monétisation des données

Les services de monétisation des données ont contribué 800 000 $ aux revenus du groupe Jayin en 2023.

• Ensembles de données de comportement de crédit anonymisé
• Licence d'algorithme d'évaluation des risques
• Rapports d'analyse des tendances du marché

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.