Quick Take
Jiayin Group (JFIN) went public in May 2019, selling $37 million of ADSs representing Class A shares in an IPO.
The firm has created an online marketplace that enables borrowers to find the best financial service offerings from lenders.
JFIN is undergoing a transition away from being a P2P marketplace to an institutional and possibly proprietary funding system for consumers.
Until we learn the effects of the coronavirus pandemic on its operations in 2020 and the speed and success of its transition, my bias on the stock is Neutral.
Company
Shanghai,