Chinese financial technology company Pintec Technology Holdings Ltd. said it acquired InfraRisk Pty Ltd., a supplier of credit risk-related software and services in Australia.

The acquisition will allow Pintec Technology to explore market opportunities and introduce new products.

InfraRisk offers services to financial firms in Australia, New Zealand, the U.K., Ireland, Spain, Asia and the Middle East.

Pintec Technology offers modular fintech services to financial companies in China.