Australia's Beforepay Group rises on launch of AI- driven product

Beforepay

04/03/2024 02:36

** Shares of Beforepay Group  B4P.AX  rise as much as 8.2%%
to A$0.595, set to gain most since Feb. 26 - if current trends
hold
    ** The fintech launches its new artifical-intelligence
driven "business-to-business offering, "Carrington Labs"
    ** Co says, the new business will offer two products for its
clients
    ** Adds, "Carrington Labs" will use Artificial Intelligence
to make fast lending decisions in a low-cost manner for its
clients & enable them to create an account, receive funds,
digitally using a mobile phone application    
    ** Stock up over 34% this year as of last close

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))