Dated 9th August 2021
CI1 acquired 60% equity shares of OneStep Information Technology Limited on 17 May 2021. OneFlexi is an AI & financial technology platform developed under OneStep I.T. OneFlexi offers SMEs BNPL services, along with SMEs loan services to over 20,000 clients registered under OneStep platform interface. OneFlexi will provide services to Hong Kong SMEs at the initial stage, these services could be further developed to implement in Australia and other jurisdictions
The OneFlexi platformOneFlexi is an artificial intelligence (AI)-based fintech platform developed by OneStep IT, a company that’s 60% owned by CI1.The CI1 acquired 60% equity shares of OneStep Information Technology Limited on 17 May 2021. OneFlexi is an AI & financial technology platform developed under OneStep I.T. OneFlexi offers SMEs BNPL services, along with SMEs loan services to over 20,000 clients registered under OneStep platform interface. OneFlexi will provide services to Hong Kong SMEs at the initial stage, these services could be further developed to implement in Australia and other jurisdictionsOneFlexi app currently offers BNPL and loan services to over 20,000 SME clients in Hong Kong registered under the OneStep iProEx platform.The OneStep platform provides 15 different comprehensive corporate services to its clients – including incorporation of companies, presentation of statutory corporate documents, company secretary services, bookkeeping, auditing and trademark registration services.The BNPL service offered by the OneFlexi app will allow clients to settle their on-demand corporate and utility bills in instalments, which will help SMEs to not only manage, but also increase their cash flow.The platform will include an application programming interface (API) to link with third-party platforms, making it easier for users to settle their payments and purchases.The OneFlexi app was also designed with a unique credit rating system based on each clients’ background information, including spending patterns, and bill payment history.SMEs that have earned a high credit score from the rating system will earn privileges such as a higher BNPL borrowing limit, extended repayment period, and enhanced BNPL services for settling other bills and expenses.In the future, the app will be further developed to include loan brokerage services, tailored specifically for those SMEs with a high credit score.CI1 says that although the initial rollout is for the Hong Kong market, the BNPL services offered by the OneFlexi platform could also be expanded in the future to different jurisdictions including Australia, the UK, Singapore and Malaysia.
The figures on OneStep is in our last report, check out page 6 under "Review Of Operations And Activities" where they speak about Hong Kong activities.
Now, what’s evident in the report is the amount of registered Businesses under OneStep/OneFlexi from 20,000 to 23,000.
Any acquisition under the banner of OneStep like OneFlexi Ci1 has 60% stake in it imo. This should help .
not professional DYOR
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