Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Tuesday it has formed a partnership with Fullerton Credit (FC) to expand digital lending solutions to the Chinese market.
According to PINTEC, FC provides operating and consumer loans for individuals, micro businesses and SMEs, with total cumulative loans disbursed exceeding more than RMB15 billion to date. Established in 2008, FC has both online and offline lending presence in 31 locations in China, serving more than 50,000 customers. As part of the partnership, PINTEC will develop digital lending solutions for FC for various online consumer scenarios, and provide technical support to connect FC with a wider range of small and micro-sized enterprises and individual customers.
While sharing more details about the partnership, Gan Chee Yen, CEO of FFH, stated the strategic cooperation with PINTEC is a “reflection and continuation” of FFH’s strategy of leveraging technology and broadening of customer segments to serve the China market. William Wei, founder and CEO of PINTEC, then added the cooperation with FFH and FC will help PINTEC further promote digital lending solutions among financial institution customers to realize the company’s mission to “Power the Future of Finance.”