Beforepay Group Limited (AU:B4P) has released an update.
Beforepay Group Limited has announced that its subsidiary, BPG Credit Pty Ltd, has secured an Australian Credit Licence (ACL), allowing the company to offer regulated credit products. This development aligns with Beforepay’s strategy to introduce new loan products with higher limits and longer durations, leveraging their expertise in data-driven risk modeling and efficient digital lending. The acquisition of the ACL underscores Beforepay’s commitment to responsible lending while planning to expand its range of safe and affordable lending products to Australians.
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