Zero Fintech Group Limited has reported remarkable financial results for the year ended 31 December 2024, showcasing the company’s ability to navigate the complexities of the financial industry with strategic execution and advanced risk management. The company’s revenue increased by 33% year-over-year, reaching HK$261.8 million, driven largely by the success of its Fintech Lending segment, which accounted for 98% of total revenue. This segment has been a key driver of the company’s growth, with the number of registered members growing to 160,000. In addition to its revenue growth, the company has also reported a significant increase in net profit, rising by 123% year-over-year to HK$27.1 million. This improvement is attributed to the company’s operational efficiency and disciplined risk management. The company has also made several strategic acquisitions and partnerships to drive growth and innovation. One notable example is the strategic alliance with Standard Chartered Bank (Hong Kong), which seeks to leverage the proprietary AI technology of X Wallet to drive efficiency and innovation within the financial sector. Zero Fintech has also developed a rigorous credit risk assessment policy, which has helped to improve the company’s bad debt levels. The company has established a well-developed policy for authorizing, approving, and renewing credit facilities, and has enhanced its credit scoring system to reduce the risk of default. Furthermore, the company has invested in cutting-edge technologies such as cloud computing and big data to create a safer and more efficient financial ecosystem. This model has helped to improve the efficiency of the company’s approval process, reducing the time required for customers from application to loan withdrawal to just 5 seconds. The company has also made significant progress in its digital transformation efforts, launching its X Pay service, which positions X Wallet as Hong Kong’s first integrated financial services super-app. Over 1,000 merchants have adopted X Pay to offer a Buy Now, Pay Later service to their customers. Looking ahead, Zero Fintech is committed to expanding its X Wallet and X Pay services through AI-driven credit models and omnichannel marketing, and to strengthening its risk frameworks to navigate rising interest rates and market volatility. The company is also exploring synergies between the fintech and property sectors for long-term sustainability.
Key Highlights
• Revenue growth of 33% year-over-year to HK$261.8 million
• Net profit increase of 123% year-over-year to HK$27.1 million
• Registered members grew to 160,000
• Strategic alliance with Standard Chartered Bank (Hong Kong)
• Development of a rigorous credit risk assessment policy
• Investment in cutting-edge technologies such as cloud computing and big data
• Launch of X Pay service, a Buy Now, Pay Later function
Financial Tables
| Financial Highlights | 2024 | 2023 |
|---|---|---|
| Revenue | HK$261.8 million | HK$193.5 million |
| Net Profit | HK$27.1 million | HK$12.3 million |
About Zero Fintech Group Limited
Zero Fintech Group Limited is a leading fintech innovator that has been in operation for over 50 years. The company has a strong presence across Hong Kong and Mainland China, providing a comprehensive platform for financial transactions and delivering innovative solutions to its clientele. The company was founded in 1969 and has evolved over the years to focus on three core business areas: property development and investment, money lending, and payment solutions. Its subsidiary, Zero Fintech, has introduced the X Wallet App, which features X Lend, an instant AI-based lending service, and X Pay, a “buy now, pay later” function. Zero Fintech has made significant progress in its digital transformation efforts, launching its X Pay service, which positions the company as Hong Kong’s first integrated financial services super-app.
Exploring the Future
As the company looks to the future, Zero Fintech is committed to expanding its X Wallet and X Pay services through AI-driven credit models and omnichannel marketing. The company is also strengthening its risk frameworks to navigate rising interest rates and market volatility. Furthermore, Zero Fintech is exploring synergies between the fintech and property sectors for long-term sustainability. “Zero Fintech is committed to providing innovative solutions to our clients and driving growth and innovation in the fintech industry,” said [Name], CEO of Zero Fintech Group Limited. “We look forward to continuing to serve our clients and drive success in the years to come.”
Source: Media OutReach
“Zero Fintech is proud to announce its stellar financial performance for the year ended 31 December 2024, showcasing the company’s ability to navigate the complexities of the financial industry with strategic execution and advanced risk management.”
Strongest in Fintech
Zero Fintech Group Limited is a leading fintech innovator that has been making waves in the industry with its innovative solutions and strategic partnerships. The company’s commitment to providing innovative solutions to its clients and driving growth and innovation in the fintech industry is evident in its financial performance. Key Player
Zero Fintech is a key player in the fintech industry, with a strong presence across Hong Kong and Mainland China. The company’s innovative solutions and strategic partnerships have made it a leader in the industry. Best Practices
Zero Fintech is a company that embodies best practices in the fintech industry. Leadership
Zero Fintech is led by a team of experienced and innovative leaders who are committed to driving growth and innovation in the fintech industry. The company’s CEO, [Name], is a renowned expert in the fintech industry and has a track record of success. Partnerships
Zero Fintech has formed several strategic partnerships to drive growth and innovation in the fintech industry. The company’s partnerships with Standard Chartered Bank (Hong Kong) and other leading fintech companies have enabled it to stay ahead of the curve and drive innovation in the industry.
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