Credit Intelligence flags further growth with the launch of AI-based BNPL platform into Hong Kong
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The launch demonstrates CI1’s capacity to drive synergies across its regional distribution footprint.
ASX fintech Credit Intelligence (ASX:CI1) is executing on its regional expansion strategy, with the launch of its proprietary BNPL platform into the Hong Kong market.
The company announced this morning that its YOZO BNPL platform is now live, providing BNPL lending services to SMEs in Hong Kong.
Developed in conjunction with a leading team of researchers at the University of Technology, Sydney (UTS), the YOZO platform leverages AI and machine learning to provide fast access to short-term cash – a key component of small business operations.
Leveraging the intellectual property advantage of its research team, the technology allows customers a competitive financing option with the capacity for same-day approvals and flexible repayment terms.
And with its launch into the Hong Kong market, Credit Intelligence is driving synergies from its regional footprint – using Australian-developed technology to access the huge Hong Kong market where it already has a large SME client base.
In discussing the launch, CI1 said Hong Kong has around 300,000 SMEs which are all on the lookout for better tech solutions to achieve their goals.
With its proprietary BNPL service, Credit Intelligence will have instant distribution access through its current client base, where it already generates net profits from its debt restructuring business.
And following the launch of its market leading YOZO Finance platform in late February, the company is now positioned for further growth across each of its core target markets in Australia, Hong Kong and Singapore.
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.