PINTEC Joins Forces with Xiaomai Zhujiao to Enable Installment Financing for Education Institutions

Author: PINTEC | 2019-02-22

BEIJING, Feb 22, 2019 – Pintec Technology Holdings Ltd. (“PINTEC”; NASDAQ: PT), a leading independent technology platform enabling financial services in China, today announced a partnership with Xiaomai Zhujiao, a leading provider of education management software systems in China, to jointly develop a consumer financing solution for education and training institutions.

Based on its “SaaS+” service platform, PINTEC will cooperate with Xiaomai Zhujiao to develop a consumer installment payment system. PINTEC will leverage its accumulated experience and customers in the education market to support Xiaomai Zhujiao in product development, business operation and financial ecosystem development and further drive its digital upgrades.

Xiaomai Zhujiao provides software solutions for academic management, admission promotion, home-school interaction and financial management, covering 92 percent of offline scenarios for Chinese education and training institutions. The digital installment payment solution, developed by PINTEC and Xiaomai Zhujiao, will be adopted by partner education and training institutions of Xiaomai Zhujiao.

With this solution, Xiaomai Zhujiao’s partner institutions can offer their consumers convenient and flexible installment payment options. Consumers can easily apply for installment loans for their selected education programs. By supplying basic personal information, the credit assessment and decisioning will be completed in just a few seconds.

“PINTEC has been devoted to developing digital installment payment solutions for the education industry for years,” said Zhou Jing, president of PINTEC. “Based on big data and artificial intelligence technology, PINTEC and Xiaomai Zhujiao can accurately assess education institutions and their consumers, and enable offline institutions to provide efficient education installment loans services for their consumers.”

“We at Xiaomai Zhujiao believe in changing education with technology,” said Jun’er Zhu, CEO of Xiaomai Zhujiao. “Combining our experience with education institutions and understanding of the education market and PINTEC’s advanced technology, the digital installment payment solution creates a new transaction method for offline education institutions and provides convenient financing experience for consumers.”

PINTEC’s digital consumer financing solutions have been adopted by a number of business partners, including without limitation Ctrip, Qunar, Hujiang Education, Vip.com, Shefenqi and Evercare. In October 2018, PINTEC launched a new and lighter installment payment solution that can be developed in only a few days through partners’ WeChat account or a QR code.

“With PINTEC’s modular technologies, we can make flexible and customized adjustments for Xiaomai Zhujiao and complete the process in a few weeks, from negotiation, deployment to launch online,” said Yijie Yue, head of PINTEC’s consumer finance business.

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