Zorrz, a UK-based Fintech that has created an AI-powered tool for credit analysis, has partnered with BNPL Sileon.

Sileon is based in Sweden and specializes in “card-based Buy Now Pay Later” offerings. Sileon is listed on the Nasdaq First North Growth Market and has approximately 50 employees at its headquarters in Stockholm, Sweden.

Zorrz has developed a “Financial Health Score” as an alternative to traditional credit rating agencies as it seeks to “democratize access to credit.

The partnership will see the integration of Sileon’s BNPL SaaS solution onto Zorrz’s BlueAccess Card. Consumers will be able to split payments for a purchase when using their BlueAccess Card.

Priyesh Mistry, Director of Zorrz, said they were pleased to work with Sileon as their technology gives them the opportunity to offer more payment choices by leveraging AI and tech.

“The cost-of-living crisis has brought people’s financial challenges into sharper focus, and access to credit is a major issue for millions of people. Tech undoubtedly holds the key to solving such issues – it will provide better ways to assess someone’s creditworthiness while reducing the barriers people face in trying to access financial products and accounts. Zorrz is proud to be driving positive change in this space.”

The partnership is expected to launch in Q4 2023, which is when the first customers will begin using Zorrz’s BlueAccess Card.

Reference by: https://www.crowdfundinsider.com/2023/08/211861-bnpl-sileon-and-zorrz-finance-partner-up/