One Click Group Limited update on the further expansion of the product offering on its One Click Life fintech platform. The Company has launched two new products within its revenue generating finance brokering capability. This builds on the success of the One Click Mortgages product released earlier this year.

The two new products launched are; One Click Personal Loans. One Click Car Loans. The products were officially launched to user base after a soft launch early last week as part of the testing and optimisation process.

The Company will earn an upfront brokerage /establishment fee for brokering the finance with a financial institution. The loan is funded by a third party financial institution with no credit risk to One Click Group. The products allow customers to apply for either a personal loan or car loan via a simple digital application form.

finance brokers then assess the application against the financial information know about the customer due to relationship with them as their tax agent, and broker the finance requested. The new products will be marketed to the Platform's existing registered user base, providing revenue upside with only a minor incremental marketing spend. Based on the demographic of users the Company services, One Click Group believes these products will be attractive to its users and contribute towards the Company's fast growing revenue, which is already up 160% to $3.5 million on the prior comparative period in the 9 months to 30 September of this year.

The number of registered users on the One Click Life platform continues to grow with registered user numbers already exceeding 115,000 recently. The Average Revenue Per User (ARPU) has increased to $32 per user following the recent success of the Next Day Refund product and One Click Mortgages. It is expected that the introduction of the One Click Personal Loans and One Click Car Loans products on the One Click Life platform will assist in continuing to grow the ARPU on the One Click Life platform.

The Company will continue to build out the ecosystem of products on the One Click Life platforms. As the full ecosystem of financial and life admin products are built on the platform the Company will continue to look for ways to automate as many of these products as possible with the ability for customers to self-direct through their financial lives or dial into advice as needs, drawing on the services of tax specialists and finance brokers, or in the future, financial planners to guide them. One Click Life is creating a financial hub for individuals to manage all their life's finances in a simple, low-cost format from their mobile phones.