Insights

Here’s why the Credit Intelligence (ASX:CI1) share price is soaring 15%

The Credit Intelligence share price is rocketing today, up 15% in late morning trade. We look at what’s driving investor interest.
The post Here’s why the Credit Intelligence (ASX:CI1) share price is soaring 15% appeared first on The Motley Fool Australia. –

upward trending arrow made from fireworks display

The Credit Intelligence Ltd (ASX: CI1) share price is off to the races today, up 12% in late morning trade. Earlier, the share price had been up as much as 60%.

We take a look at the company’s buy-now-pay-later (BNPL) announcement that’s driving investor interest.

What did Credit Intelligence report on its BNPL offering?

The Credit Intelligence share price is blasting higher following this morning’s ASX release reporting the commencement of lending by YOZO Pay.

The YOZO Pay service is targeted at small to medium enterprise (SME). The service offers a BNPL product that Credit Intelligence says will give its customers greater flexibility and transparency. Importantly, it uses an artificial intelligence (AI) system which was developed in collaboration with UTS Sydney. Consequently, YOZO Pay can assist SMEs in overcoming cashflow challenges.

Credit Intelligence, a debt restructuring and personal insolvency management services company, highlights the following benefits of the AI-enhanced YOZO Pay:

  • Minimal human interaction is required
  • Flexible repayment instalments
  • Pay for what you use
  • Same day loan approval
  • Automatic borrower limit changes
  • No property required for collateral

Credit Intelligence is still working with UTS on additional developments of its AI engine. Looking ahead, the company hopes to offer new features including 24/7 loan approvals and the ability to assist SMEs around the clock.

Comments from Management

Regarding the BNPL rollout, Jimmie Wong, Executive Chairman of Credit Intelligence said:

We are excited to have commenced lending via the YOZO Pay BNPL service for SMEs. This is a truly unique offering and is set to revolutionise lending for small and medium enterprise by providing a product which is not only aligned with the operations and cashflow of the business, but is also faster, cheaper and more transparent for the SME owner to use – allowing them more time to focus on the day-to-day running of their business. This SME BNPL service is totally different from other personal BNPL products being offered in Australia right now.

Credit Intelligence share price snapshot

Over the past 6 months, the Credit Intelligence share price didn’t do much. That is, right up until 12 February when the share price took off like a rocket.

Since 12 February, Credit Intelligence shares are up 183%. That’s the same share price gain posted for 2021. By comparison, the All Ordinaries Index (ASX: XAO) is up 1% year-to-date.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Here’s why the Credit Intelligence (ASX:CI1) share price is soaring 15% appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!