The business-focused financial services provider, backed by Sina and Xiaomi, raised $103m in funding last month.
China-based online business financial services platform Pintec filed yesterday to raise up to $70m in an initial public offering that will allow internet company Sina and electronics manufacturer Xiaomi to exit.
Pintec runs an online marketplace where lenders and finance providers can connect to businesses to offer point-of-sale financing and instalment loans as well as insurance and wealth management products to their customers.
The company made a $13.5m net loss in 2017 from $90.7m in revenue. Its last funding…
