Credit Intelligence is beefing up its BNPL offering in Hong Kong, making a foray into the new “green” BNPL sector.

Innovative fintech company Credit Intelligence (ASX:CI1) is expanding its BNPL business in Hong Kong by making a foray into the brand new “green BNPL” segment.

CI1 announced that its Hong Kong subsidiary, HK BNPL Investments (HKBNPL), has entered into a non-binding MoU agreements with Baguio Irecycle, CallVU, and Hexon Green Capital to work collaboratively on a range of initiatives.

According to the MoU, Baguio Irecycle will operate and implement the monthly “Green Plan”, a door-to-door  collection service aimed to promote and raise awareness of recycling.

CallVU is specialised in Customer Relationship Management (CRM) system and under the terms, it will acquire sale leads and bring in new customers for HKBNPL.

In return, HKBNPL will provide CallVu with access to its  BNPL payment platform.

Meanwhile, Hexon is a unique platform for impact investors and green project owners to connect and collaborate in green finance.

The inked deal will see Hexon source funding from potential investors and provide project financing, allowing itself and HKBNPL to work together and leverage on each other’s combined expertise.


Opportunities in green finance

CI1 says the “Green Plan” will have a strong synergistic effect on its existing consumer and corporate BNPL platforms, and may bring in a new revenue stream to the company.

The objective of the Green Plan is to promote and raise awareness of recycling through a door-to-door collection service.

Baguio believes that proper and clean recycling at the source is more practical at indoor premises, with the quality of collected recyclables being higher.

Users can join the monthly Green Plan through the BNPL payment service to recycle glass containers and plastic bottles (PET, HDPE) as well as plastic containers (PP).

They can convert collected recyclables into iDollar in the iRecycle mobile app to redeem e-coupons. They will be also entitled to receive regular green promotions or gifts provided by merchant partners.

Although the non-binding MoU at this early stage may not lead to any additional revenue, CI1 believes it is material because through C1’s own BNPL platform, up to 20,000 customers data can be utilised to fit into the new business model in the future.

In addition, the partnership deal could be significant going forward, as Baguio is a listed company on the main board of the Hong Kong Stock Exchange.

CI1’s foray into green finance is timely, given the amount of attention and funds that are being invested into this sector.

The company’s collaboration with Hexon Green Capital could become one of the platforms to launch itself into this lucrative segment.

As a mission-driven green finance advisory company, Hexon provides a comprehensive suite of professional services and a collaboration platform for impact investors and green project owners.

Hexon and CI1 both see the key driver of economic growth in Asia to be through green finance and investing.

This article was developed in collaboration with Credit Intelligence, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.