William Wei, founder and CEO of PINTEC, Nicholas Davies, founder and CEO of InfraRisk, Victor Li, co-founder of InfraRisk and Zhou Jing, president of PINTEC. (From right to left)

The Chinese independent technology firm PINTEC has announced its acquisition of Australian credit risk solutions supplier, InfraRisk Pty Ltd.

“With rich experience in providing products and services for financial institutions and a well-established reputation and brand, InfraRisk will become a strong support for PINTEC’s overseas business expansion,” said William Wei, founder and CEO of PINTEC. “In the future, PINTEC and InfraRisk will jointly develop new products and explore new markets to serve more financial institutions.”

According to the company, the acquisition will facilitate PINTEC to enhance its customer servicing capability through the use of the SaaS Plus model and help its expansion across new markets. InfraRisk’s knowledge of local clients, markets and regulations, will assist PINTEC in its expansion across the developed markets of Australia and Europe.

“PINTEC has world-leading digital lending technologies, best risk management practice and mature product operation experience, which is complementary to InfraRisk’s leading credit risk management system,” said Nicholas Davies, founder and CEO of InfraRisk. “With the support from PINTEC, InfraRisk will leverage artificial intelligence and big data technologies to upgrade our products and services, and drive future growth by providing financial institutions with comprehensive fintech solutions.”

Based in China and founded in 2017, PINTEC aims to advance financial services by providing customizable and modular fintech solutions to its financial and business partners. PINTEC enables financial services for institutional partners with point-of-sale financing solutions, personal installment loan solutions, business installment loan solutions, wealth management solutions and insurance solutions. PINTEC’s services include consulting services, SaaS technology services and other value-added services.

Established in November 2008 and headquartered in Melbourne, Australia, InfraRisk has over 10 years of experience in providing services for financial institutions in AustraliaNew Zealand, the United KingdomIrelandSpainAsia and the Middle East. InfraRisk has been providing long-term services, primarily commercial and retail origination systems, to multiple banks and financial institutions including the big four banks in Australia and Toyota Finance.

by Megha Bhattacharya
Market Analyst at IBS Intelligence
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