Pintec Technology Holdings Limited (PT): Business Model Canvas [Dec-2025 Updated]

You're digging into the current strategy for Pintec Technology Holdings Limited (PT), and honestly, the story right now is about a sharp pivot to B2B fintech and international tech export after a period of structural change. Forget the old noise; the focus is clearly on powering financial institutions and large partners with their AI-driven platform, aiming for those high-margin technical service fees. To give you a quick sense of where they stand as of the first half of 2025, total revenues hit US$2.14 million against operating expenses of US$2.31 million-it shows you the cost of this strategic repositioning. If you want to see exactly how their key partnerships, resource allocation, and revenue streams are set up to tackle the global SME financing gap, check out the full breakdown below; it's defintely worth the look.

Pintec Technology Holdings Limited (PT) - Canvas Business Model: Key Partnerships

You're looking at the core relationships Pintec Technology Holdings Limited (PT) relies on to power its platform, which connects financial institutions with business partners for digital and embedded financing solutions. These aren't just casual agreements; they are structural moves affecting ownership and market access as of late 2025.

Financial institutions for loan funding and distribution

Pintec Technology Holdings Limited operates by connecting financial partners-like banks, brokers, insurance companies, and consumer finance companies-to its open platform. This connection allows these institutions to efficiently reach the online population they might otherwise miss. While specific 2025 loan funding volumes from these partners aren't public, we know the company has historically raised significant capital to support its ecosystem, totaling $113M across 3 funding rounds from investors including Mandra Capital, Sina, and Ventech China.

The platform supports a full suite of customized solutions for these financial partners, including:

• Point-of-sale financing
• Personal installment loans
• Business installment loans
• Wealth management products

This structure helps financial partners adapt to the new digital economy. For context on the scale of the business these partners are supporting, Pintec Technology Holdings Limited reported total revenues of RMB15.33 million (US$2.14 million) for the first half of 2025.

Business partners (e-commerce, payment) for embedded financing

The business partners are the merchants and platforms-spanning online travel, e-commerce, telecommunications, and SaaS platforms-that integrate Pintec's financing options directly into their customer journeys. This is the essence of embedded financing. Pintec empowers these partners to add a financing option to their product offerings, which helps them expand their services and customer reach. The company's technology-enabled credit services are integrated into various business aspects, including e-commerce and payment systems.

The goal here is to solidify relationships with these partners using innovative technology to satisfy their clients' needs, which is critical given the company's focus on delivering solutions to micro, small, and medium enterprises worldwide.

ZIITECH PTY LTD for AI-driven CMS and cross-border expansion

The relationship with ZIITECH PTY LTD became significantly more integrated in September 2025. Pintec Technology Holdings Limited acquired a 25% stake in ZIITECH through an equity exchange. This involved Pintec issuing 83,726,789 Class A ordinary shares in return for 715,521 ordinary shares of ZIITECH.

This partnership is strategic because:

• Pintec will consolidate ZIITECH's financial statements under a shareholders' agreement, giving greater control.
• It provides access to ZIITECH's digital infrastructure, including its AI-driven Customer Management System (CMS) and mobile solutions, which align with Pintec's goal to streamline SME international payments.
• The move supports Pintec's broader strategy to diversify offerings in tech-enabled financial services.

Vantage Capital Limited for subsidiary stake transfer (Romantic Park Holdings)

This partnership involves a significant structural refinement. On November 7, 2025, Pintec Technology Holdings Limited entered an agreement to transfer its entire equity interest in Romantic Park Holdings Limited to Vantage Capital Limited.

Key details of this related-party transaction include:

• Certain debts and aged claims previously provided for will also be assigned to Romantic Park as part of the deal.
• The closing was expected no later than November 30, 2025, subject to customary conditions.
• The controlling shareholder of Vantage Capital is an officer responsible for operations at a Pintec variable interest entity.

Australian Trade and Investment Commission (Austrade) for export grants

Pintec's subsidiary, ZIITECH PTY LTD, secured recognition from the Australian Trade and Investment Commission (Austrade) under the Export Market Development Grant (EMDG) program. This partnership provides funding support for ZIITECH's technology export initiatives.

The EMDG support is specifically earmarked to expand ZIITECH's technology solutions into key international markets, including:

• New Zealand
• Singapore
• Bangladesh
• The United Kingdom

This designation enhances ZIITECH's ability to engage with international markets and cultivate commercial relationships across the Asia-Pacific Economic Cooperation (APEC) region and Europe.

Here's a quick summary of the major transaction values related to these key relationships:

Finance: review the impact of the Romantic Park divestiture on Q4 2025 balance sheet projections by end of next week.

Pintec Technology Holdings Limited (PT) - Canvas Business Model: Key Activities

Operating the open technology platform for financial services

Pintec Technology Holdings Limited connects business partners and financial partners on its open platform, enabling efficient financial service delivery to end users, primarily micro, small and medium enterprises in China. The platform's activity in digital lending showed a contraction in the first half of 2025.

• Internet micro lending license held in China.
• Fund distribution license held in China.
• Insurance brokerage license held in China.
• Enterprise credit investigation license held in China.

The platform facilitated total loans of RMB40.17 million (US$5.61 million) for the six months ended June 30, 2025, a decrease of 13.00% year-over-year. The loan outstanding balance as of June 30, 2025, stood at RMB53.13 million (US$7.42 million), reflecting a 19.11% decline from December 31, 2024. The company has between 201-500 Employees based in Chaoyang, China.

Developing AI-powered credit decisioning and risk management systems

The development and scaling of AI decision platforms is a core activity, supported by the subsidiary ZIITECH PTY LTD. This focus is directly tied to mitigating risk by decreasing human interference in financial processes. Sales and marketing expenses for these technology-focused efforts were RMB8.15 million (US$1.14 million) in H1 2025, a decrease of 4.54% from H1 2024, primarily due to a decrease in marketing consulting expenditures.

International technology export and market expansion (e.g., APEC, UK)

Technology export activities are being supported through the subsidiary ZIITECH PTY LTD, which received recognition from the Australian Trade and Investment Commission (Austrade) under the Export Market Development Grant (EMDG) program on October 20, 2025. This recognition supports the push to scale cloud POS and AI decision platforms internationally. The expansion targets include New Zealand, Singapore, Bangladesh, and the United Kingdom.

Refining business structure and optimizing organizational operations

The company has been continuously optimizing and refining its organizational structure, product matrix, and marketing strategies. Total operating expenses for H1 2025 were RMB16.55 million (US$2.31 million), a slight increase of 0.25% from H1 2024. In a structural move, Pintec Technology Holdings Limited entered into an agreement on November 7, 2025, to transfer its entire equity interest in Romantic Park Holdings Limited.

Facilitating digital lending and wealth management solutions

The platform enables business partners to add a financing option to their product offerings, facilitating digital lending. The company also holds a fund distribution license, supporting wealth management solutions. The overall financial performance for the first half of 2025 reflects the operational scale:

The accumulated deficit as of June 30, 2025, was RMB2,533.38 million.

Pintec Technology Holdings Limited (PT) - Canvas Business Model: Key Resources

You're looking at the core assets Pintec Technology Holdings Limited (PT) relies on to run its business as of late 2025. These aren't just ideas; they are the tangible and intangible things the company owns or controls that make its value proposition possible. Honestly, the balance sheet tells a story of reliance on these specific items, especially given the current capital structure.

Proprietary open technology platform and scalable infrastructure

Pintec Technology Holdings Limited (PT) operates on its open platform, which connects business partners and financial partners to deliver financial services to micro, small, and medium enterprises (MSMEs) in China. The platform's capability is reflected in its recent operational throughput.

For the six months ended June 30, 2025, the platform facilitated total loans amounting to RMB40.17 million (US$5.61 million). As of that same date, the total loan outstanding balance stood at RMB53.13 million (US$7.42 million). The platform's gross margin for H1 2025 was 60.92%, indicating the efficiency of the technology in generating profit from services rendered. The company also secured a US$40 million credit facility with a 7% annual interest rate to support its capital needs, which underpins the infrastructure's operational capacity.

Big Data and Artificial Intelligence (AI) decisioning tools

The company uses big data analytics and an automated credit decisioning engine to streamline transactions and optimize risk profiling for its partners. While specific AI adoption rates aren't public, the technology underpins the core service delivery.

The platform's ability to maintain a relatively high gross margin of 60.92% in H1 2025, despite a challenging operating environment, suggests the decisioning tools are effectively managing the risk component of the transactions it processes.

Key licenses in China: micro lending, fund distribution, insurance brokerage

Regulatory access is a critical, non-transferable resource in the Chinese fintech space. Pintec Technology Holdings Limited (PT) possesses several key operational licenses that allow it to connect partners across different financial product lines. These include:

• Internet micro lending license
• Fund distribution license
• Insurance brokerage license
• Enterprise credit investigation license

These licenses are essential for the company's stated business of providing technology-enabled financial and digital services across multiple verticals.

Strategic 25% equity stake in ZIITECH PTY LTD

Pintec Technology Holdings Limited (PT) recently solidified a strategic resource through an agreement to acquire a significant minority stake in ZIITECH PTY LTD. Pintec will acquire 715,521 ordinary shares of ZIITECH, representing approximately 25% ownership.

This resource was acquired by issuing 83,726,789 Class A ordinary shares of Pintec Technology Holdings Limited. The transaction was expected to close in September 2025, which grants Pintec the right to consolidate ZIITECH's financial statements pursuant to a shareholders' agreement. ZIITECH itself is noted for receiving funding support from the Australian Trade and Investment Commission (Austrade) to expand technology exports into markets like New Zealand, Singapore, Bangladesh, and the United Kingdom, suggesting an international technology asset base.

Experienced technology and risk management personnel

The human capital driving the platform and managing the inherent risks is a key resource. As of late 2025 data points, Pintec Technology Holdings Limited (PT) reports having 78 full-time employees. This small team is responsible for maintaining the proprietary platform, developing AI/Big Data tools, and managing compliance across its licensed operations in China.

Finance: draft 13-week cash view by Friday.

Pintec Technology Holdings Limited (PT) - Canvas Business Model: Value Propositions

You're looking at the core value Pintec Technology Holdings Limited (PT) delivers through its open platform, which connects business partners and financial institutions to serve micro, small, and medium enterprises (MSMEs) and SMEs.

Enabling financial institutions to access new online MSME customer segments

Pintec Technology Holdings Limited helps its financial partners adapt to the new digital economy by enabling them to access the online population they couldn't reach efficiently before. The platform connects these financial partners with business partners who serve end users. The company holds several licenses in China to support this ecosystem, including an internet micro lending license, a fund distribution license, an insurance brokerage license, and an enterprise credit investigation license.

Providing MSMEs with embedded financing options at the point of need

The value proposition here is empowering business partners with the capability to add a financing option directly into their product offerings. This embedded capability is key for MSMEs at their point of need. Here are the relevant facilitation metrics from the first half of 2025:

• Total loans facilitated in H1 2025: RMB40.17 million (US$5.61 million)
• Total loans facilitated decreased by 13.00% compared to H1 2024
• Loan outstanding balance as of June 30, 2025: RMB53.13 million (US$7.42 million)
• Loan outstanding balance decreased by 19.11% since December 31, 2024

The loan book is definitely shrinking, which is a near-term risk to watch.

Offering AI-driven tools for intelligent risk management and credit scoring

Pintec Technology Holdings Limited is scaling its technology, partly through its subsidiary ZIITECH, which Pintec acquired a 25% equity interest in on September 3, 2025. This subsidiary is pushing AI decision platforms internationally. This focus on technology underpins the intelligent risk management component of the value proposition.

Streamlining cross-border payments and digital infrastructure for SMEs

The international push is evident through ZIITECH's recognition by the Australian Trade and Investment Commission (Austrade) under the Export Market Development Grant (EMDG) program in October 2025. This recognition supports scaling cloud POS and SME-focused digital infrastructure into New Zealand, Singapore, Bangladesh, and the United Kingdom.

Delivering a comprehensive 'SaaS + Fintech' model to partners

The financial structure reflects the technology-enabled service delivery. The gross margin for the first half of 2025 was 60.92%, up from 59.66% in the same period of 2024, showing stable profitability on the services delivered. Here's a quick look at the H1 2025 top-line performance:

The company reported an accumulated deficit of RMB2,533.38 million (US$353.65 million) as of June 30, 2025, and negative working capital of RMB403.79 million (US$56.37 million). Finance: draft 13-week cash view by Friday.

Pintec Technology Holdings Limited (PT) - Canvas Business Model: Customer Relationships

You're managing relationships in a complex B2B2C fintech environment, so the approach has to balance scale with specialized attention. Pintec Technology Holdings Limited (PT) structures its customer relationships around its open platform, which connects business partners and financial institutions to serve micro, small, and medium enterprises (MSMEs) worldwide. This dual-sided relationship requires different engagement models.

Dedicated account management for large financial and business partners

For your largest partners, the relationship moves beyond simple platform access; it requires dedicated oversight to ensure deep integration and mutual growth. This is where the high-touch, dedicated account management comes into play, especially given the company's stated goal to strengthen strategic partnerships. While specific account manager headcounts aren't public, the financial scale suggests significant relationship investment. For instance, Total revenues for the first half of 2025 reached RMB15.33 million (US$2.14 million), which is supported by the success of these key relationships. Honestly, managing the relationship with a partner that drives a significant portion of the Gross profit, which stood at RMB9.34 million (US$1.30 million) in H1 2025, demands dedicated resources.

Automated, technology-driven service delivery via the open platform

The core of Pintec Technology Holdings Limited (PT)'s relationship at scale is automation. The open platform itself is the primary relationship interface for the majority of partners, enabling them to offer embedded financing capabilities and digital tools efficiently. This technology-driven delivery is what allows the company to serve a broad ecosystem without linearly scaling personnel costs. The platform facilitates transactions that contribute to the reported Total loans facilitated, which was RMB40.17 million (US$5.61 million) for the first half of 2025. The platform's efficiency is reflected in the Gross margin, which remained strong at 60.92% for H1 2025.

Strategic, long-term collaboration with key ecosystem partners

Pintec Technology Holdings Limited (PT) emphasizes deepening relationships through comprehensive financial solutions, which necessitates long-term strategic collaboration. This is not just about volume; it's about integration, evidenced by the licenses Pintec holds in China, including internet micro lending, fund distribution, and insurance brokerage. These licenses allow for a more integrated, sticky offering. Here's a quick look at the operational context supporting these collaborations as of the first half of 2025:

If onboarding takes 14+ days, churn risk rises, so the automation must be seamless to support the goal to expand our customer base.

Continuous product enhancement based on partner feedback

To solidify relationships, Pintec Technology Holdings Limited (PT) continuously refines its product matrix based on partner input. The company's focus on delivering 'exceptional digitization services' and 'best-in-class solutions' implies a feedback loop is critical to maintaining relevance in the fast-evolving fintech space. This iterative process is how they help financial partners reach the online population they couldn't otherwise reach effectively. It's about making the technology better for the people using it daily.

High-touch support for complex digital transformation projects

While the platform automates routine service delivery, complex digital transformation projects require a more hands-on approach. This high-touch support is necessary when integrating the company's 'SaaS + Fintech' model into a partner's core operations, such as streamlining manufacturing processes or implementing intelligent risk management. This contrasts with the automated delivery, showing a tiered support structure. The company's strategy includes pursuing quality-led development, which points directly to the need for expert, high-touch assistance on intricate deployments.

• Empowering partners with embedded financing capabilities.
• Supporting financial institutions in reaching new customer segments.
• Delivering technology-enabled financial and digital services.
• Focusing on solutions for micro, small and medium enterprises.

Finance: draft 13-week cash view by Friday.

Pintec Technology Holdings Limited (PT) - Canvas Business Model: Channels

You're looking at how Pintec Technology Holdings Limited (PT) gets its value propositions to the market as of late 2025. It's a mix of direct tech integration and strategic subsidiary expansion, especially internationally.

Direct integration with financial institutions' systems

Pintec Technology Holdings Limited helps its financial partners access the online population they couldn't reach efficiently before. This channel is the backbone for delivering their core technology-enabled financial services in China. While specific integration counts aren't public, the scale of activity gives us a proxy. For the first half of 2025, the total loans facilitated through this ecosystem were RMB40.17 million (US$5.61 million). Also, the loan outstanding balance as of June 30, 2025, stood at RMB53.13 million (US$7.42 million).

Open platform APIs for business partner embedding (e-commerce, POS)

The open platform is designed to empower business partners by letting them add a financing option directly into their product offerings, spanning e-commerce, payment, and corporate finance. This is how Pintec Technology Holdings Limited embeds its solutions. The platform contributed to total revenues of RMB15.33 million (US$2.14 million) for the first half of 2025. The gross margin on this activity remained solid at 60.92% for H1 2025.

Subsidiary ZIITECH's cloud POS and digital infrastructure

The strategic move to consolidate ZIITECH PTY LTD is a major channel development. Pintec Technology Holdings Limited acquired a 25% equity interest in ZIITECH in September 2025, exchanging 83,726,789 Class A ordinary shares. This means ZIITECH's cloud POS and AI decision platforms are now financially integrated, as Pintec Technology Holdings Limited will consolidate its financial statements. This subsidiary is key for the international push.

Investor Relations (IR) for stakeholder communication and governance

Keeping the market informed is a channel for capital and governance. Pintec Technology Holdings Limited filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, on April 17, 2025. For governance, the company announced an Extraordinary General Meeting (EGM) scheduled for January 8, 2026. The company's market capitalization as of late 2025 was reported around $15.37M.

Global technology export channels (e.g., Tech Week Singapore 2025)

ZIITECH is actively using international events as a channel to export its technology. ZIITECH PTY LTD was part of the Australian delegation at Tech Week Singapore 2025. That event gathered over 7,000 professionals from banking, finance, and technology, with more than 26,000 total attendees. Furthermore, ZIITECH received recognition from the Australian Trade and Investment Commission (Austrade) under the Export Market Development Grant (EMDG) program to support expansion into New Zealand, Singapore, Bangladesh, and the United Kingdom.

Here's a quick look at the H1 2025 performance that flows through these channels:

The company is clearly pushing ZIITECH as a primary channel for international revenue, which is a different vector than its historical focus on the Chinese SME lending market. If onboarding for the new export markets takes longer than expected, that RMB40.17 million in facilitated loans from the domestic channel could see further pressure.

Finance: draft 13-week cash view by Friday.

Pintec Technology Holdings Limited (PT) - Canvas Business Model: Customer Segments

You're looking at the core clientele Pintec Technology Holdings Limited serves, which is primarily concentrated within the People's Republic of China, despite the broad scope you mentioned. The firm acts as a bridge, connecting two main groups to facilitate digital financial services.

The primary end-user segment Pintec Technology Holdings Limited serves is micro, small and medium enterprises in China. These are the businesses that utilize the financing and digital services enabled by Pintec's platform. While the prompt asks for global MSMEs, Pintec Technology Holdings Limited is explicitly identified as serving MSMEs in China. The scale of their facilitated activity gives you a sense of the volume moving through this segment, even if the exact number of MSME clients in late 2025 isn't public yet.

The platform's structure relies heavily on its network of partners, which form the other critical customer segments. These partners are the entities that actually distribute the financial products to the end-users.

Here's a look at the partner segments Pintec Technology Holdings Limited engages with, using the most concrete historical partner data available:

The operational scale serving these segments is reflected in the first half of 2025 results. Total revenues for the six months ended June 30, 2025, reached RMB15.33 million (or US$2.14 million). This revenue is generated by facilitating transactions for these customer segments.

The volume of credit being moved for these MSME clients shows the depth of engagement:

• Total loans facilitated for the first half of 2025 were RMB40.17 million (US$5.61 million).
• The loan outstanding balance as of June 30, 2025, stood at RMB53.13 million (US$7.42 million).

Regarding the other segments mentioned, the available data points to a specific focus on the Chinese market. Information regarding Pintec Technology Holdings Limited serving large business partners specifically, or having a significant customer base among merchants and service providers in the fintech and payment sectors outside of their general 'business partners,' or serving international enterprises in the APEC region, is not present in the latest filings; the focus remains on connecting financial institutions with MSMEs in China.

The end-users of the financial products facilitated by Pintec Technology Holdings Limited were approximately 21.0 million registered users for their point-of-sale financing and installment loan solutions as of March 31, 2018. This figure represents the broad population Pintec's partners are trying to reach.

Finance: draft 13-week cash view by Friday.

Pintec Technology Holdings Limited (PT) - Canvas Business Model: Cost Structure

You're looking at the core expenditures Pintec Technology Holdings Limited faces to run its intelligent financial services technology platform. Honestly, for a tech-focused firm, the cost structure is heavily weighted toward personnel and platform upkeep, even as they try to keep things lean.

The financial data for the first half of 2025 (H1 2025) gives us a clear picture of where the money went. You see the company is managing its operational burn rate, but costs remain significant relative to revenue.

Total operating expenses for Pintec Technology Holdings Limited in H1 2025 reached US$2.31 million, which was equivalent to RMB16.55 million. This represented a slight increase of 0.25% compared to the same period in 2024. This figure is the sum of the main operational buckets, which you can see detailed below.

The Cost of revenues, which includes things like origination and servicing costs and provisions for credit losses, was US$0.84 million (RMB5.99 million) for H1 2025. This was actually a slight decrease of 0.50% year-over-year, largely due to a decrease in origination and servicing cost, though offset by higher provision for credit losses. That's the direct cost of delivering their services.

Here is the breakdown of the main components making up the operating expenses for the six months ended June 30, 2025:

Technology infrastructure and platform maintenance costs are not itemized separately in the primary reporting but are embedded within the operating expenses, primarily within General and Administrative Expenses and Research and Development Expenses, reflecting the reliance on big data and digital technologies.

Personnel expenses are a major driver, especially given the focus on technology. The R&D component, which covers work on AI and Big Data, was RMB2.37 million (US$0.33 million) in H1 2025, an increase of 4.64% from H1 2024. The rest of the personnel costs, covering sales, G&A, and support staff, are spread across the other two operating expense lines.

For partner acquisition and international expansion efforts, the Marketing and sales expenses were RMB8.15 million (US$1.14 million) in H1 2025. This figure actually decreased by 4.54% from the prior year, mainly due to a reduction in marketing consulting expenditures, suggesting a shift toward more direct or cost-effective acquisition methods.

The cost structure components for H1 2025 can be summarized like this:

• Sales and Marketing Expenses: RMB8.15 million (US$1.14 million).
• General and Administrative Expenses: RMB6.03 million (US$0.84 million).
• Research and Development Expenses: RMB2.37 million (US$0.33 million).
• Cost of Revenues: RMB5.99 million (US$0.84 million).

Finance: draft 13-week cash view by Friday.

Pintec Technology Holdings Limited (PT) - Canvas Business Model: Revenue Streams

You're looking at the top-line performance for Pintec Technology Holdings Limited as of the first half of 2025. The revenue picture is built on a few key areas, though the most recent public data gives us a clear look at the change drivers rather than the absolute breakdown for the period.

Total revenues for Pintec Technology Holdings Limited for the six months ended June 30, 2025, reached US$2.14 million, which was RMB15.33 million. This represented an increase of 2.71% or RMB0.40 million compared to the same period in 2024, which saw RMB14.92 million in total revenues. This modest growth is important context for the individual streams.

Here is a look at how the primary revenue drivers shifted in H1 2025:

• Technical service fees from financial and business partners
• Installment service fees from facilitated loans
• Wealth management service fees and other related income
• Revenue from technology export and digital solutions (e.g., ZIITECH)

The change in total revenue was primarily driven by positive contributions from the service fees, partially offset by a dip in wealth management income. The strategic equity swap with ZIITECH PTY LTD in September 2025, where Pintec Technology Holdings Limited acquired a 25% stake, is intended to bring in revenue streams from digital marketing, web design, and virtual assistance, which will be consolidated into future financial statements.

Here's the quick math on the components contributing to the RMB0.40 million revenue increase in H1 2025 over H1 2024:

The net change from these three explicitly detailed components is RMB0.41 million, which is very close to the reported total revenue increase of RMB0.40 million for the first half of 2025. This suggests that revenue from technology export and digital solutions (ZIITECH) was either negligible or offset by other minor fluctuations not detailed in the press release summary.

For a clearer picture of the period's financial standing, consider the total revenue against gross profit:

The gross margin was 60.92% for the first half of 2025, up from 59.66% in the same period of 2024. Finance: draft 13-week cash view by Friday.