Australia's Credit Intelligence soars on launching BNPL service in Hong Kong

Credit Intelligence

01/10/2021 01:56

** Australian fintech firm Credit Intelligence  CI1.AX 
 RIC  soars as much as 17.2% to A$0.017, best intraday jump
since Sept. 2
    ** Says launched its personal buy-now-pay-later service in
Hong Kong
    ** Launch comes at a time of increasing popularity in BNPL
sector, with Square Inc  SQ.N  buying Australian sector giant
Afterpay  APT.AX , and U.S. payments giant PayPal  PYPL.O 
acquiring Japanese firm Paidy  urn:newsml:reuters.com:*:nL4N2QA0MF  urn:newsml:reuters.com:*:nL1N2P80L9
    ** CI1 has outperformed the S&P/ASX 200 Industrials (GIC)
sector  .AXNJ  by 12.5 percentage points in the past one month
    ** CI1 lost nearly 10% in the September quarter, its third
consecutive quarterly loss
    ** Stock down 54.7% this year, as of last close

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com;))