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Beforepay Group Limited ( (AU:B4P) ) just unveiled an announcement.
Carrington Labs, a division of Beforepay Group Limited, has expanded into the US banking market by signing a service agreement with Utah-based CCBank to provide credit-risk modeling and cash-flow underwriting services. This move aligns with Carrington Labs’ strategy to build a diversified US client base and showcases the scalability of its AI models in the regulated US banking environment, although it is not expected to significantly impact FY25 earnings.
The most recent analyst rating on (AU:B4P) stock is a Buy with a A$1.75 price target. To see the full list of analyst forecasts on Beforepay Group Limited stock, see the AU:B4P Stock Forecast page.
More about Beforepay Group Limited
Beforepay Group, founded in 2019, operates in the financial services industry with a focus on supporting working Australians. The company has two main business lines: Beforepay, a direct-to-consumer lending service, and Carrington Labs, which provides AI-powered loan portfolio recommendations and lending solutions. The company has received several awards for its ethical lending and AI-powered credit risk solutions.
Average Trading Volume: 64,512
Technical Sentiment Signal: Buy
Current Market Cap: A$77.17M
See more data about B4P stock on TipRanks’ Stock Analysis page.