Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Wednesday it has opened new international headquarters in Singapore, while also launching “SquirrelSave,” a new digital wealth management service developed by its Singapore-based venture, PIVOT Fintech Pte. Ltd (PIVOT).
PINTEC reported its international headquarters in Singapore will facilitate the development of the company’s fintech services worldwide. The company is now planning to build up a research and development center in Singapore to enhance products and services and develop advanced technologies to offer customized solutions to business and financial partners in international markets. Sim Ann, Senior Minister of State for Ministry of Communications and Information and Ministry of Culture, Community and Youth, stated:
“Singapore serves as a gateway to Southeast Asia and we have established our importance as a technology and innovation hub. In line with Singapore’s efforts to build a Smart Financial Center employing cuttingedge technology, we hope PINTEC will bring its wealth of knowledge and experience to the fintech ecosystem. We are happy to welcome leading fintech companies like PINTEC to base their international HQ in Singapore and anchor their innovation labs and R&D center functions here and I look forward to more exciting times ahead as we continue to work hand-in-hand with the industry to seize opportunities in the digital future.”
Zhou Jing, President of PINTEC, went on to add:
“The new international headquarters marks a key milestone of PINTEC’s international strategy to explore opportunities to replicate our success in China to overseas markets, enabling PINTEC to better fulfill the global demand for responsible and sustainable inclusive financing solutions. PINTEC’s proven technologies and experience with financial and business partners in various fields will help global partners serve more users and improve operational efficiency with fintech solutions.”