UK fintech Zorrz™ Finance and Swedish fintech Sileon, specialised in card-based Buy Now, Pay Later (BNPL) functionality, have announced a partnership to enable more consumers to access BNPL solutions.

Zorrz has developed an artificial intelligence-powered tool called MoneyInsight360™, which generates a more complete, unified view of a person’s credit history. It is also soon to launch the BlueAccess Card, its flagship credit card designed specifically for immigrants, individuals with past credit challenges, and students.

By creating its new Financial Health Score – an alternative to the credit scores given by the main credit reference agencies – as well as developing its own fintech products, London-based startup Zorrz is on a mission to democratise access to credit.

The partnership will integrate Sileon’s BNPL SaaS solution onto Zorrz’s BlueAccess Card. The extra functionality will provide consumers with more financial flexibility if they wish to split payments for a purchase when using their BlueAccess Card.

Priyesh Mistry, Director of Zorrz, said: “We’re excited to team up with Sileon and add BNPL functionality to our products. Their powerful SaaS technology gives us the ability to meet customers’ needs for more payment choice. This partnership aligns with our mission to democratise access to credit through AI and tech.

Reference Link: https://financialit.net/news/lending/uk-and-swedish-fintechs-zorrz-and-sileon-partner-new-credit-products