Credit Intelligence Limited announced that have taken a major step forward to build and develop personal BNPL platform in addition to existing SME BNPL platform - OneStep@ OneFlexi. On 20 September 2021, CI1 entered into a letter of intent (LOI) with five independent strategic individual and corporate investors to develop the consumer products BNPL platform in Hong Kong. This platform will initially focus on the local market in Hong Kong, covering a wide range of consumer products including home appliances, electronic products, wine, food and beverages, premium imported fresh fruits, to capture the opportunity in change of consumer behavior in the personal BNPL sector since the outbreak of COVID 19. Other than trading profit and BNPL service fee, the platform will also enhance overall value, including, but not limited to building a larger customer data base and improving the Gross Merchandise Value, as well as creating cost efficiency by synchronizing IT backend support and downstream operation with existing SME BNPL platform (OneStep @One Flexi). According to the LOI, CI1 has tentatively agreed to provide funding for the initial stages of operation and development (investment amount is subject to further discussion and will be confirmed upon sign off of the shareholders' agreement). Upon completion of the transaction, CI1 will be the major shareholder in this platform with not less than 74% equity interest. The corporate investors include i) QBS Retail Technologies Limited, (QBS Group is one of the leading IT service providers in Asia Pacific Region with over two decades of experience in designing and implementing solutions for multinationals, ii) SME Hero Holdings Limited, a Hong Kong based SME business and related supporting service provider focused on SME financing solution and iii) Crazy Group Limited, a Hong Kong based digital marketing and product distribution service provider with a global consumer product suppliers/distributors network.