Zero Fintech Group Limited (Stock Code: 0093.HK) Announces Record-Breaking 2024 Annual Results
HONG KONG SAR - Media OutReach Newswire - 16 April 2025 - Zero Fintech Group Limited ("Zero Fintech" or the "Company", stock code: 0093.HK), a leading fintech innovator, is proud to announce its stellar financial performance for the year ended 31 December 2024, showcasing remarkable growth driven by strategic execution and advanced risk management.
2024 Financial Highlights:
Revenue: HK$261.8 million – a 33% increase YoY, driven by our Fintech Lending segment, which contributed 98% of the total revenue.
Net Profit: HK$27.1million – a 123% increase YoY, reflecting operational efficiency and disciplined risk management.
Membership: Registered members grew to 160K, demonstrating successful user acquisition strategy and product attractiveness to users.
Strategic Highlights:
Strategic Alliance with Standard Chartered Bank (Hong Kong)
This partnership is a pivotal move to seek to leverage proprietary A.I. technology of X Wallet to drive efficiency and innovation within the financial sector.
Well developed Credit Risk Assessment Policy
We have established a rigorous risk control structure and enhanced our credit scoring system regarding the procedures for authorizing, approving and renewing credit facilities. This well-developed policy has helped to improve our bad debt.
Improvement of the accuracy of the algorithm
By combining the cutting-edge technologies such as cloud computing, big data to create a safer and more efficient financial ecosystem. At the same time. This model keeps helping to improve the efficiency of our approval process to 5 seconds only, which greatly reduce the time required of customers from application to loan withdrawal.
Strategic Acquisition of Alpha Times
It further strengthens our investment on technology by acquiring Alpha Times Technology Limited to bolster in-house IT capabilities and reducing reliance on external technical vendors.
Quick acceptance of X Pay ( "Buy Now, Pay Later")
The launching of X Pay positions X Wallet as Hong Kong's first integrated financial services super-app. Over 1,000 merchants are adopting X Pay to offer Buy Now, Pay Later service to their customers.
Looking ahead, while global economic challenges persist, we're committed to:
Expanding X Wallet and X Pay through AI-driven credit models and omnichannel marketing.
Strengthening risk frameworks to navigate rising interest rates and market volatility.
Exploring synergies between fintech and property sectors for long-term sustainability.
The issuer is solely responsible for the content of this announcement.
About Zero Fintech Group Limited
Founded in 1969, Zero Fintech Group Limited, previously known as Termbray Industries International (Holdings) Limited, has evolved to focus on three core business areas: property development and investment, money lending, and payment solutions, tailored for individual clients and small to medium-sized enterprises (SMEs).
Under the "Zero Finance" brand, the Group's subsidiary has introduced the X Wallet App — "The First A.I. Express Loan App in Hong Kong". The app features X Lend, an instant AI-based lending service, and X Pay, a "buy now, pay later" function, making it the one and only "Super App" in the city that offers both lending and payment services.
With a presence across Hong Kong and Mainland China, Zero Fintech Group Limited provides a comprehensive platform for financial transactions, delivering diverse and innovative solutions to its clientele.
Image by freepik
Living in Melbourne, we all know how unpredictable the weather can be. One moment it’s cold and windy, the next it’s a scorchin...
Image by pvproductions on Freepik
When it comes to finding a trustworthy electrician Palm QLD locals can count on, the team at East Coast Sparkies s...
If you’re a Sydney-based business owner, you already know the digital space is crowded. But with the right strategy, you don’t need to shout the...
You can tell a lot about someone by the car they drive—or at least, that’s what people think. True Blue Mobile Mechanics reckon the car says a l...
Boudoir photography has been quietly taking over social feeds, Pinterest boards, and personal milestones—and for good reason. It’s not just abou...
When it comes to electrical work around the home or business, not all electricians are created equal. In Sydney, particularly when you're dealing wi...
Waking up on time isn’t just about setting an alarm—it’s about working with your body, not against it. At the heart of every restful night and...
In today’s fast-paced world, cultivating a calm, soothing environment at home has never been more important. Whether you live in a busy urban apar...
Mathematics can be a daunting subject for many students, often causing stress and frustration. However, maths tutoring has proven to be an effective...
Image by rawpixel.com on Freepik
Apple's refurbished iPad program has quietly become one of the best deals in tech. While everyone obsesses over the ...
Mining is one of the backbones of the Australian economy, particularly in Western Australia. Back in 2019-20, mining contributed 10.4% of Australiaâ...
Welcome back to the good old days of storytelling! As the modern world becomes increasingly more demanding, returning to childhood favourites offers...
When faced with a legal issue, selecting the right legal representation can make all the difference. Whether you're dealing with a personal injury, ...
Image by pch.vector on Freepik
There's never been a better time to implement a headless content management system (CMS) to gain the flexibility and ...
Image by Drazen Zigic on Freepik
In the current economic environment, trade insurance is an important element for companies trading both locally an...
Timber cladding is one of those finishes that pulls double duty: it makes a building look warm and welcoming, and it quietly shields the frame from ...