{"id":11512,"date":"2021-02-18T01:00:47","date_gmt":"2021-02-18T01:00:47","guid":{"rendered":"https:\/\/economicherald.net\/?p=11512"},"modified":"2021-02-18T01:00:47","modified_gmt":"2021-02-18T01:00:47","slug":"credit-intelligence-rips-higher-as-investors-keep-driving-the-fintech-rally","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=11512","title":{"rendered":"Credit Intelligence rips higher as investors keep driving the fintech rally"},"content":{"rendered":"<p>Shares in ASX fintech <a href=\"https:\/\/stockhead.com.au\/tech\/with-its-latest-acquisition-credit-intelligence-is-positioned-for-growth-in-the-global-b2b-lending-market\/\">Credit Intelligence (ASX:CI1)<\/a> led the market this morning, as the stock ripped higher by more than 50 per cent at the opening bell.<\/p>\n<p>Those gains continued into midday trade, and a short time ago CI1 shares had climbed to around 9c \u2014 a gain of almost 100pc.<\/p>\n<p>The price action is reflective of a surge in investor interest, with a number of other ASX fintech stocks <a href=\"https:\/\/stockhead.com.au\/tech\/cirralto-moons-again-then-slumps-amid-torrid-trading-activity-for-asx-tech-names\/\">also running red hot.<\/a><\/p>\n<p>Shortly before 12pm EST, CI1 responded to an ASX price query to say it wasn\u2019t aware of any market-moving information that would prompt such a surge.<\/p>\n<p>Before rocketing higher in February, shares in CI1 had been climbing steadily since last December when the company announced the acquisition of a 60pc stake in fintech lender YOZO Finance for $1.38m in cash and scrip.<\/p>\n<p>Developed by a research team at the <a href=\"https:\/\/stockhead.com.au\/tech\/credit-intelligence-partners-with-uts-to-deliver-bnpl-to-smes\/\">University of Technology, Sydney (UTS),<\/a> the YOZO platform provides a financial dashboard interface for SMEs to manage payments and cash flow.<\/p>\n<p>The software also aims to leverage data insights and machine learning to provide rapid approval for automated BNPL solutions for business, based on payment frequencies and invoice sizes.<\/p>\n<p>With its domestic fintech presence, CI1\u2019s broader strategy is to diversify revenue streams across operations in Australia, Singapore and its core debt restructuring business in Hong Kong.<\/p>\n<p>The Credit Intelligence rally follows similar outsized gains for ASX fintech stocks in recent weeks, led by <a href=\"https:\/\/stockhead.com.au\/company\/ioupay-iou\/\">IOUpay (ASX:IOU)<\/a> which is pursuing a BNPL strategy in its core market of Malaysia.<\/p>\n<p>IOU shares surged from a trading range of around 16c to 70c this week. This morning, the company <a href=\"https:\/\/stockhead.com.au\/tech\/ioupay-bags-50-million-placement-to-cement-southeast-asian-push\/\">announced a $50m share placement to institutional investors priced at 50c per share,<\/a> which it said will anchor its expansion strategy across the south-east Asian region.<\/p>\n<p>With interest rates locked in at rock-bottom for the foreseeable future, the recent price action is a sign that investors are staying on the lookout for the next round of high-growth tech names looking to disrupt traditional financial channels such as B2B lending.<\/p>\n<p>And it\u2019s a possible indicator that investors are increasingly looking to value businesses such as CI1 on the high-multiple basis that\u2019s attributed to other big names such as <a href=\"https:\/\/stockhead.com.au\/company\/afterpay-touch-apt\/\">Afterpay (ASX:APT)<\/a> and <a href=\"https:\/\/stockhead.com.au\/company\/zip-co-z1p\/\">Zip Co (ASX:Z1P).<\/a><\/p>\n<p>The big BNPL names <a href=\"https:\/\/stockhead.com.au\/tech\/zip-other-bnpl-companies-in-retreat-after-strong-gains\/\">fell back yesterday after stringing together another round of strong gains,<\/a> but the sector appeared to stabilise today with most stocks in the sector trading in positive territory during morning trade.<\/p>\n<p><em>At Stockhead we tell it like it is. While Credit Intelligence and IOUpay are Stockhead advertisers, they did not sponsor this article.<\/em><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/tech\/credit-intelligence-rips-higher-as-investors-keep-driving-the-fintech-rally\/\">Credit Intelligence rips higher as investors keep driving the fintech rally<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Shares in ASX fintech Credit Intelligence (ASX:CI1) led the market this morning, as the stock ripped higher by more than 50 per cent at the <a href=\"https:\/\/economicherald.net\/?p=11512\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":11513,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Credit Intelligence rips higher as investors keep driving the fintech rally - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=11512\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Credit Intelligence rips higher as investors keep driving the fintech rally - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"Shares in ASX fintech Credit Intelligence (ASX:CI1) led the market this morning, as the stock ripped higher by more than 50 per cent at the [more...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/economicherald.net\/?p=11512\" \/>\n<meta property=\"og:site_name\" content=\"Economic Herald\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-18T01:00:47+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=11512#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=11512\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Credit Intelligence rips higher as investors keep driving the fintech rally\",\"datePublished\":\"2021-02-18T01:00:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=11512\"},\"wordCount\":464,\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=11512#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/Stockhead-Tech-News-1060-4-best-ILwo2k.jpeg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=11512\",\"url\":\"https:\\\/\\\/economicherald.net\\\/?p=11512\",\"name\":\"Credit Intelligence rips higher as investors keep driving the fintech rally - Economic Herald\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=11512#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=11512#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/Stockhead-Tech-News-1060-4-best-ILwo2k.jpeg\",\"datePublished\":\"2021-02-18T01:00:47+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=11512#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=11512\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=11512#primaryimage\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/Stockhead-Tech-News-1060-4-best-ILwo2k.jpeg\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/Stockhead-Tech-News-1060-4-best-ILwo2k.jpeg\",\"width\":1060,\"height\":596},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=11512#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/economicherald.net\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Credit Intelligence rips higher as investors keep driving the fintech rally\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"name\":\"Economic Herald\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/economicherald.net\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\",\"name\":\"Economic Herald\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"width\":850,\"height\":760,\"caption\":\"Economic Herald\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Credit Intelligence rips higher as investors keep driving the fintech rally - Economic Herald","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/economicherald.net\/?p=11512","og_locale":"en_US","og_type":"article","og_title":"Credit Intelligence rips higher as investors keep driving the fintech rally - Economic Herald","og_description":"Shares in ASX fintech Credit Intelligence (ASX:CI1) led the market this morning, as the stock ripped higher by more than 50 per cent at the [more...]","og_url":"https:\/\/economicherald.net\/?p=11512","og_site_name":"Economic Herald","article_published_time":"2021-02-18T01:00:47+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/economicherald.net\/?p=11512#article","isPartOf":{"@id":"https:\/\/economicherald.net\/?p=11512"},"author":{"name":"","@id":""},"headline":"Credit Intelligence rips higher as investors keep driving the fintech rally","datePublished":"2021-02-18T01:00:47+00:00","mainEntityOfPage":{"@id":"https:\/\/economicherald.net\/?p=11512"},"wordCount":464,"publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"image":{"@id":"https:\/\/economicherald.net\/?p=11512#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2021\/02\/Stockhead-Tech-News-1060-4-best-ILwo2k.jpeg","articleSection":["Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/economicherald.net\/?p=11512","url":"https:\/\/economicherald.net\/?p=11512","name":"Credit Intelligence rips higher as investors keep driving the fintech rally - Economic Herald","isPartOf":{"@id":"https:\/\/economicherald.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/economicherald.net\/?p=11512#primaryimage"},"image":{"@id":"https:\/\/economicherald.net\/?p=11512#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2021\/02\/Stockhead-Tech-News-1060-4-best-ILwo2k.jpeg","datePublished":"2021-02-18T01:00:47+00:00","breadcrumb":{"@id":"https:\/\/economicherald.net\/?p=11512#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/economicherald.net\/?p=11512"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/?p=11512#primaryimage","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2021\/02\/Stockhead-Tech-News-1060-4-best-ILwo2k.jpeg","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2021\/02\/Stockhead-Tech-News-1060-4-best-ILwo2k.jpeg","width":1060,"height":596},{"@type":"BreadcrumbList","@id":"https:\/\/economicherald.net\/?p=11512#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/economicherald.net\/"},{"@type":"ListItem","position":2,"name":"Credit Intelligence rips higher as investors keep driving the fintech rally"}]},{"@type":"WebSite","@id":"https:\/\/economicherald.net\/#website","url":"https:\/\/economicherald.net\/","name":"Economic Herald","description":"","publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/economicherald.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/economicherald.net\/#organization","name":"Economic Herald","url":"https:\/\/economicherald.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","width":850,"height":760,"caption":"Economic Herald"},"image":{"@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/11512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11512"}],"version-history":[{"count":0,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/11512\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/media\/11513"}],"wp:attachment":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}