- Credit Intelligence (CI1) is gearing up to launch the new buy now, pay later platform (BNPL) OneFlexi
- OneFlexi platform is almost complete and the testing date is scheduled for mid-August, with a targeted launch in mid-September
- The platform is for small and medium businesses, and is designed with a unique credit rating system based on clients’ background information
- Credit Intelligence is up 15.4 per cent, trading at 1.4 cents per share at 10:48 am AEST
Credit Intelligence (CI1) has provided the market with an update to the development of the new buy now, pay later platform (BNPL) OneFlexi.
Earlier this year the company purchased a 60 per cent equity share of OneStep Information Technology.
OneFlexi is an artificial intelligence and financial technology platform developed under OneStep. It offers small to medium sized enterprises (SME) BNPL services.
OneFlexi platform is almost complete and the testing date is scheduled for mid-August, with a targeted launch in mid-September.
The platform is designed with unique credit rating system based on clients’ background information, spending payments pattern and bills and settlement historical records.
Notably, high credit SMEs are privileged to extra BNPL and withdrawal limits, as well as extended instalment periods.
The BNPL platforfm will be launched on Hong Kong IOS and Android platforms with English, traditional Chinese and simplified Chinese versions.
Credit Intelligence was up 15.4 per cent, trading at 1.4 cents per share at 10:48 am AEST.