Pintec Technology Holdings Ltd. (“PINTEC”) (NASDAQ: PT), a leading independent technology platform enabling financial services in China, was named on the 2018 Fintech 250 list recently published by CB Insights, a well-known international research and analysis agency.
“The financial services industry is being transformed by insurgent startups. From capital markets to insurance and digital banking to wealth management, the Fintech 250 are among the most promising of these companies globally,” the official website of CB Insights writes.
The Fintech 250 list by CB Insights is one of the most influential rankings in the fintech industry. Other Chinese companies that also made the list this year include Ant Financial, JD Finance, Lufax and Lianlian Pay. PINTEC is the only Chinese company listed in the Core Banking & Infrastructure category.
“We feel honored to be included in the 2018 Fintech 250 by CB Insights,” said William Wei, founder and CEO of PINTEC. “This represents the recognition of PINTEC by a first-class international research institution. PINTEC will continue to increase our investment in product and technology development to better serve our business and financial partners.”
PINTEC had more than 200 financial and business partners as of June 30, 2018, including CITIC Securities, Yunnan Trust, Ctrip, Qunar, Vip.com and Shefenqi.
Internationalization is also a key strategy for the future development of PINTEC. Since 2017, PINTEC has established two Singapore-based joint ventures: PIVOT Fintech Pte. Ltd. with FWD Group, and Avatec.ai (S) Pte. Ltd with United Overseas Bank Limited, to provide robo-advisory services and credit services and solutions in Southeast Asia, respectively.
PINTEC is a leading independent financial technology enablement solution provider in China. The company provides efficient retail fintech solutions to financial and business institutions, covering installment loans for different consumption scenarios, consumer finance, small and medium enterprises loans, wealth management and insurance. PINTEC also provides other value-added tools for product development, traffic acquisition, marketing, and management supervision.
*CB Insights Fintech 250 is focused on private fintech companies. PINTEC was a private company when the 2018 CB Insights Fintech 250 list was finalized and released. PINTEC was listed on the NASDAQ Stock Market on October 25, 2018, with shares trading under the stock code PT.