Qifu grows revenue in Q1, expands capital-light model

Qifu Technology reported Q1 2025 revenue of RMB 4.69 billion and non-GAAP net income of RMB 1.93 billion, up roughly 12.9% and 59.9% YoY, respectively. The company facilitated RMB 88.9 billion in loans across 24.4 million transactions. Nearly half of its lending volume now comes from capital-light models, with funding provided by partners through automated systems and third-party platforms.