On October 10th, it is believed that the company's Pakistan business platform was officially launched according to official information from Yeyi Technology. For this overseas layout, Xinye Technology stated that the online trend of the local fintech market is clear and the market space is sufficient.
It is believed that Yike Technology has previously obtained a Non Banking Financial Company (NBFC) license issued by the Securities and Exchange Commission of Pakistan (SECP), laying the foundation for the company to operate in compliance with local regulations.
This event is also the first public appearance of Sun Xiaodong, Senior Vice President of Xinye Technology, at Xinye Technology. It is reported that Sun Xiaodong just joined Xinye Technology in September. Sun Xiaodong has extensive experience in the financial industry and international business. He has worked at American Express and Citibank before joining Ant Group, where he served as the Chief Risk Officer of NetEase Bank and the Chief Credit Risk Officer of Ant International. Sun Xiaodong will be responsible for the international business development of Xinye Technology Group and report to CEO Li Tiezheng.
Xinye Technology is a Shanghai loan assistance giant. Since the beginning of this year, Xinye Technology has successively obtained important financial licenses in overseas markets. At present, Xinye Technology has established deeply localized fintech platforms in Indonesia and the Philippines, conducted technology service business in Latin America and other regions, and continues to explore business opportunities in more overseas markets. According to the company's financial report, as of the end of the second quarter of 2024, Xinye Technology has served a total of 5.6 million users overseas, with overseas business accounting for nearly 20% of Xinye Technology Group's revenue.