April 22, 2019

Dinggui Yan
Chief Executive Officer
Jiayin Group Inc.
26th Floor, Building No. 1, Youyou Century Plaza
428 South Yanggao Road
Pudong New Area, Shanghai 200122
People's Republic of China

       Re: Jiayin Group Inc.
           Amendment No. 5 to
           Registration Statement on Form F-1
           Filed April 10, 2019
           File No. 333-228896

Dear Mr. Yan:

      We have reviewed your amended registration statement and have the
following
comments. In some of our comments, we may ask you to provide us with
information so we
may better understand your disclosure.

       Please respond to this letter by amending your registration statement
and providing the
requested information. If you do not believe our comments apply to your facts
and
circumstances or do not believe an amendment is appropriate, please tell us why
in your
response.

       After reviewing any amendment to your registration statement and the
information you
provide in response to these comments, we may have additional comments. Unless
we note
otherwise, our references to prior comments are to comments in our April 3,
2019 letter.

Form F-1/A filed April 10, 2019

Risk Factors
Risks Relating to Doing Business in China
Uncertainties in the interpretation or enforcement of PRC laws ..., page 52

1.     We note that you have removed your discussion of risks associated with
the enactment
       timetable, interpretation and implementation of draft PRC Foreign
Investment Law
       published in January 2015. Please ensure that you disclose any material
risks associated
       with any new or updated rules or draft rules.
 Dinggui Yan
FirstName LastNameDinggui Yan
Jiayin Group Inc.
Comapany NameJiayin Group Inc.
April 22, 2019
April 2 2019 Page 2
Page 22,
FirstName LastName
Managements Discussion and Analysis of Financial Condition and Results of
Operations
Critical Accounting Policies, Judgments and Estimates
Revenue Recogintion, page 103

2.       We note your response to comment 5 and your revised disclosure on page
118 of
         the implied uncollectible receivable rate and level of uncollectible
receivables
         recognized. Please disclose in your discussion on pages 115 - 118,
consistent with your
         response to comment 2 in your letter dated March 8, 2019, your
assertion as to the
         appropriateness of the allowances for both uncollectible receivables
and contract assets.
Managemen't Discussion and Analysis of Financial Condition and Results of
Operations
Selected Balance Sheet Items
Payroll and welfare payables and Accrued expense and current liabilities, page
119-120

3.       We note that prior to March 2018 you failed to make adequate employee
withholdings for
         individual income tax payments and social welfare and payroll fund
payments and have
         recorded accruals for estimated underpaid amounts. You disclose that
you have not
         received any notification from the relevant PRC authorities alleging
that you have not
         fully withheld and paid such amounts and that in the event that you
receive requests from
         the relevant authorities, you intend to immediately pay the
outstanding
         withholdings accordingly. Disclose why you have elected not to remit
these overdue
         withholdings considering your assessment that such amounts are due.
Also discuss the
         impact on your current liquidity if the required payments were made as
well as the amount
         of penalties you would expect to pay for these liabilities.
Refund liabilities, page 120

4.       We note your response to comment 2 and that the increase in your
refund liabilities from
         2017 to 2018 is primarily due to the upfront service fees you charged
in 2018. We also
         note from page 103, that upfront fees collected declined from RMB 2.9
billion in 2017
         to RMB 0.5 billion in 2018. Please reconcile your statements in
response to our comment
         and your disclosures in your amended registration statement.
Liquidity and Capital Resources, page 120

5.       You state on page 103, that historically you typically charged a
portion of service fees at
         loan origination with the remaining service fees collected on a
monthly basis and
         that upfront fees collected were RMB 2.9 billion and RMB 0.5 billion
in 2017 and 2018,
         respectively. And that since February 2018, you have collected the
majority of service
         fees in the first two monthly payment installments. Please address the
following:
           Disclose the impact of the change in service fee collections on your
2018 operating
             cash flows;
           Disclose the impact of the change in service fee collections on your
working capital
             over the next twelve months considering the liquidity pressure you
are experiencing,
 Dinggui Yan
Jiayin Group Inc.
April 22, 2019
Page 3
          including the impact of expending incremental cash receipts from the
collections in
          months one and two versus monthly over the term of the loan; and
          Disclose the maximum amount of discretionary payments the company
could make to
          repay investors covered by the investor assurance program.
6.    We note your response to comments 3 and 8 and the revised disclosure that
      you automatically track performance of each individual loan, continuously
      monitoring performance. Please address the following:
        Reconcile your response with the risk factor on page 29 in which you
state that while
         you have made full provision for the risks and liabilities associated
with
         underlying loans, your grouping of the loans makes you unable to track
the
         performance of individual loans; and
        Considering the level of 2018 contract asset write-offs and in order to
provide
         investors with visibility into the credit quality of these assets,
disclose a contract asset
         aging consistent with the accounts receivable aging on page F-26.
7.    You disclose that you have gradually recovered from the unfavorable
market
      developments in mid-2018 and that your liquidity status improved in
January and
      February 2019, resulting in an increase in cash and cash equivalents to
RMB 95.9 million
      as of February 28, 2019. In order to present a balanced discussion, you
should also
      disclose the revenues recognized and payments made for guarantee and any
other
      liabilities during this timeframe which will enable a reader to more
clearly understand the
      impact of your operating results on liquidity.
       You may contact Michelle Miller at 202-551-3368 or Marc Thomas at
202-551-3452 if
you have questions regarding comments on the financial statements and related
matters. Please
contact David Gessert at 202-551-2326 or Pam Long at 202-551-3765 with any
other questions.



                                                              Sincerely,
FirstName LastNameDinggui Yan
                                                              Division of
Corporation Finance
Comapany NameJiayin Group Inc.
                                                              Office of
Financial Services
April 22, 2019 Page 3
cc:       Meng Ding, Esq.
FirstName LastName