Introduction to Beforepay Group's Carrington Labs launch

Beforepay Group Limited (Beforepay or the Company) (ASX: $B4P) has announced the launch of Carrington Labs, a business line aimed at commercializing its Al-powered risk models and lending platform. This move will make the Company's technology available to enterprises, offering them the same technology and artificial-intelligence tools that power Beforepay's ethical-lending products.

Executive Commentary on Carrington Labs Launch

The launch of Carrington Labs marks a significant milestone for Beforepay Group as we expand our offerings to enterprise clients. Our Al-powered risk-management modules and lending platform have been instrumental in driving our rapid growth, high levels of efficiency, and excellent lending outcomes. With Carrington Labs, we aim to provide enterprises with the same cutting-edge technology that has empowered Beforepay's success in the ethical-lending space.

Summary of Beforepay Group's Carrington Labs launch

Beforepay Group (ASX: $B4P) has introduced Carrington Labs, a business line focused on commercializing its Al-powered risk models and lending platform for enterprise clients. Carrington Labs will offer two products, including a decision engine with Al-powered risk-management modules and an end-to-end loan origination and servicing platform. The Company's ambition with Carrington Labs is to support an entirely digital lending journey, enabling customers to access funds in as little as 5 minutes through a smartphone app. This strategic move aligns with Beforepay Group's goal of making its technology available to enterprises and further expanding its presence in the fintech industry.