XML 136 R34.htm IDEA: XBRL DOCUMENT
v3.20.1

Loans receivable, net (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Accounts Receivable and Related Allowance for Doubtful Accounts | Loans receivable originated and retained by the Group consist of the following:
|  | As of December 31, |
|  | 2018 |  |  | 2019 |
|  | RMB |  |  | RMB |
Loans (adjusted, Note 2(ah)) |  |  | 2,405,489 |  |  |  | 5,124,376 |
Allowance for loan losses (adjusted, Note 2(ah)) |  |  | (74,381 | ) |  |  | (316,124 | )
Loans receivable, net |  |  | 2,331,108 |  |  |  | 4,808,252 |
Schedule of Allowance for Loan Losses | The following table sets forth the activity in the allowance for loan losses for the years ended December 31, 2017, 2018 and 2019.
|  | For the Years Ended December 31, |
|  | 2017 |  |  | 2018 |  |  | 2019 |
|  | RMB |  |  | RMB |  |  | RMB |
Beginning balance |  |  | 1,084 |  |  |  | 47,670 |  |  |  | 74,381 |
Current period provision |  |  | 65,299 |  |  |  | 204,442 |  |  |  | 372,066 |
Current period reversal |  |  | (18,713 | ) |  |  | (11,693 | ) |  |  | (72,562 | )
Current period write off |  |  | — |  |  |  | (166,038 | ) |  |  | (57,761 | )
Ending balance |  |  | 47,670 |  |  |  | 74,381 |  |  |  | 316,124 |
Schedule of Aging of Loans | The following table sets forth the aging of loans as of December 31, 2018 and December 31, 2019:
|  | 1-89 days past due |  |  | 90-119 days Past due |  |  | 120-149 days Past due |  |  | 150-179 days Past due |  |  | Total past due |  |  | Current |  |  | Total loans receivable |
December 31, 2018 |  |  | 59,685 |  |  |  | 11,173 |  |  |  | 7,739 |  |  |  | 7,040 |  |  |  | 85,637 |  |  |  | 2,319,852 |  |  |  | 2,405,489 |
December 31, 2019 |  |  | 283,354 |  |  |  | 51,775 |  |  |  | 45,321 |  |  |  | 40,034 |  |  |  | 420,484 |  |  |  | 4,703,892 |  |  |  | 5,124,376 |
Schedule of Total Assets, Liabilities, Results of Operations and Cash Flows of Trusts | The following table sets forth the total assets, liabilities, results of operations and cash flows of the above trusts, which are included in the Group’s consolidated financial statements.
|  | As of December 31, |
|  | 2018 |  |  | 2019 |
|  | RMB |  |  | RMB |
Restricted cash |  |  | 303,667 |  |  |  | 799,646 |
Loans and other receivable |  |  | 2,507,878 |  |  |  | 5,092,609 |
Total assets |  |  | 2,811,545 |  |  |  | 5,892,255 |
Funds payable to investors of consolidated trusts |  |  | 2,808,506 |  |  |  | 5,887,693 |
Taxes payable |  |  | 3,039 |  |  |  | 4,562 |
Total liabilities |  |  | 2,811,545 |  |  |  | 5,892,255 |
|  | For the Years Ended December 31, |
|  | 2017 |  |  | 2018 |  |  | 2019 |
|  | RMB |  |  | RMB |  |  | RMB |
Net revenue |  |  | (28,372 | ) |  |  | (164,082 | ) |  |  | (243,795 | )
Net loss |  |  | (44,396 | ) |  |  | — |  |  |  | — |
Net cash used in operating activities |  |  | (16,024 | ) |  |  | (18,008 | ) |  |  | (78,339 | )
Net cash used in investing activities |  |  | (615,971 | ) |  |  | (1,624,784 | ) |  |  | (1,290,842 | )
Net cash provided by financing activities |  |  | 675,654 |  |  |  | 1,901,684 |  |  |  | 1,865,160 |
Net increase in cash, cash equivalents and restricted cash |  |  | 43,659 |  |  |  | 258,892 |  |  |  | 495,979 |
Cash, cash equivalents and restricted cash at beginning of year |  |  | 1,116 |  |  |  | 44,775 |  |  |  | 303,667 |
Cash, cash equivalents and restricted cash at end of period |  |  | 44,775 |  |  |  | 303,667 |  |  |  | 799,646 |
Schedule of Reconciliation of funds payable to investors of consolidated trusts | The following table sets forth the breakdown of funds payable to investors of consolidated trusts between the institutional funding partners and the Group as of December 31, 2018 and December 31, 2019:
|  | As of December 31, |
|  | 2018 |  |  | 2019 |
|  | Institutional funding partners |  |  | The Group |  |  | Institutional funding partners |  |  | The Group |
Principal invested |  |  | 1,493,916 |  |  |  | 1,093,610 |  |  |  | 3,529,785 |  |  |  | 1,316,130 |
Accrued interest/residual interest |  |  | 11,993 |  |  |  | 208,987 |  |  |  | 130,698 |  |  |  | 911,080 |
Total |  |  | 1,505,909 |  |  |  | 1,302,597 |  |  |  | 3,660,483 |  |  |  | 2,227,210 |
Accounts Receivable [Member] |
Accounts Receivable and Related Allowance for Doubtful Accounts | The following table presents the accounts receivable as of December 31, 2018 and 2019:
|  | As of December 31, |
|  | 2018 |  |  | 2019 |
|  | RMB |  |  | RMB |
Accounts receivable (adjusted, Note 2(ah)) |  |  | 862,586 |  |  |  | 1,028,004 |
Allowance for doubtful accounts (adjusted, Note 2(ah)) |  |  | (50,544 | ) |  |  | (145,699 | )
Accounts receivable, net |  |  | 812,042 |  |  |  | 882,305 |
Schedule of Aging of Loans | The following table presents the aging of past-due accounts receivable or more by type of fee as of December 31, 2018 and 2019:
|  | Current |  |  | 1-89 days past due |  |  | 90-119 days Past due |  |  | 120-149 days Past due |  |  | 150-179 days Past due |  |  | Total accounts receivable |
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loan facilitation |  |  | 765,354 |  |  |  | 38,768 |  |  |  | 8,193 |  |  |  | 8,086 |  |  |  | 7,720 |  |  |  | 828,121 |
Post facilitation |  |  | 10,310 |  |  |  | 4,197 |  |  |  | 1,689 |  |  |  | 1,877 |  |  |  | 1,926 |  |  |  | 19,999 |
Other |  |  | 14,466 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 14,466 |
Total |  |  | 790,130 |  |  |  | 42,965 |  |  |  | 9,882 |  |  |  | 9,963 |  |  |  | 9,646 |  |  |  | 862,586 |
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loan facilitation |  |  | 793,608 |  |  |  | 78,878 |  |  |  | 22,058 |  |  |  | 20,440 |  |  |  | 18,920 |  |  |  | 933,904 |
Post facilitation |  |  | 38,710 |  |  |  | 11,487 |  |  |  | 4,956 |  |  |  | 5,238 |  |  |  | 5,346 |  |  |  | 65,737 |
Other |  |  | 28,363 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 28,363 |
Total |  |  | 860,681 |  |  |  | 90,365 |  |  |  | 27,014 |  |  |  | 25,678 |  |  |  | 24,266 |  |  |  | 1,028,004 |

X
- Definition Schedule of assets liabilities results of operations and cash flows of trusts. + References No definition available. + Details
Name: | finv_ScheduleOfAssetsLiabilitiesResultsOfOperationsAndCashFlowsOfTrustsTableTextBlock
Namespace Prefix: | finv_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Reconciliation of funds payable to investors of consolidated trusts. + References No definition available. + Details
Name: | finv_ScheduleOfReconciliationOfFundsPayableToInvestorsOfConsolidatedTrusts
Namespace Prefix: | finv_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919249-210447 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of aging analysis for financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919253-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953401-111524 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 55 -Paragraph 80 -URI http://asc.fasb.org/extlink&oid=118955255&loc=SL82922355-210448 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=118936363&loc=d3e5111-111524 + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_ConcentrationRiskByBenchmarkAxis=us-gaap_AccountsReceivableMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |