BEIJING, January 9, 2020 – Pintec Technology Holdings Ltd. (“Pintec”; NASDAQ:PT), a leading independent fintech solutions provider, today announced a strategic cooperation agreement with West (Yinchuan) Guarantee Co., Ltd. (“West Guarantee”) to carry out in-depth collaboration in the financial field.
Founded in July 2014, West Guarantee is one of the largest comprehensive financial service platforms in China. The company specializes in offering various guarantee services that cover multiple industries including manufacturing, education, transportation, finance, and construction.
According to the agreement, Pintec and West Guarantee will be each other’s strategic partners. The two parties will carry out in-depth collaboration in both technology and financial service areas to improve the efficiency of financial services and facilitate the development of inclusive finance in China market by leveraging state-of-art technologies such as big data and advanced risk management models.
Leveraging Pintec’s leading fintech capabilities and West Guarantee’s rich financial experience, the two parties will also establish a cooperation mechanism to advance implementation of cooperation in supply chain finance, consumer finance, and inclusive finance.