Zero Fintech Group Limited Reports Exceptional Financial Growth in 2024
Hong Kong Sar – April 16, 2025 – Media Awareness Newswire – Zero Fintech Group Limited (“Zero Fintech”, Stock Code: 0093.hk), a leading innovator in the fintech sector, has announced outstanding financial results for the year ending December 31, 2024. The company’s performance reflects remarkable growth driven by strategic initiatives and robust risk management practices.
2024 Financial Highlights
- Revenue: HK$ 261.8 million, marking a commendable 33% increase year-on-year, primarily fueled by the Fintech loan segment, which accounted for 98% of total revenue.
- Net Profit: HK$ 27.1 million, representing a 123% rise compared to the previous year, showcasing enhanced operational efficiency and disciplined risk management.
- Membership Growth: A surge in registered members to 160,000, indicating a successful user acquisition strategy and the widespread appeal of our product offerings.
Strategic Partnerships and Innovations
In a significant strategic move, Zero Fintech has formed an alliance with Standard Chartered Bank (Hong Kong). This collaboration aims to leverage the capabilities of the X Wallet platform to enhance efficiency and foster innovation within the financial sector.
Robust Risk Assessment Policies
The company has implemented a comprehensive credit risk assessment policy, designed to refine the authorization, approval, and renewal processes for credit facilities. This well-structured approach has contributed to a noticeable reduction in bad debt, underlining Zero Fintech’s commitment to sound financial practices.
Technological Advancements
Zero Fintech has made significant strides in improving algorithm accuracy by integrating advanced technologies such as cloud computing and big data analytics. This ongoing innovation has resulted in a quicker loan approval process, reducing the time taken from application to disbursement to just five seconds. Such efficiency greatly enhances user experience and satisfaction.
Acquisition of LhaW Times Technology
The strategic acquisition of LhaW Times Technology Limited further bolsters our technology investments. This move aims to fortify our internal IT capabilities while minimizing our reliance on external technical suppliers, allowing for greater control and innovation.
Launch of X Pay
Zero Fintech also introduced X Pay, a “Buy Now, Pay Later” service, positioning X Wallet as Hong Kong’s premier super-application for integrated financial services. Over 1,000 merchants have adopted X Pay, providing their customers with flexible payment options, which significantly enhances customer satisfaction and broaden our market reach.
Future Outlook
Despite ongoing global economic challenges, Zero Fintech remains focused on future growth opportunities. Our strategies include expanding the X product portfolio through AI-led credit models and omnichannel marketing, strengthening risk management to navigate increasing interest rates and market volatility, and exploring synergies within the fintech sector to ensure long-term sustainability.
Explore More
For a detailed overview of our financial performance and strategic initiatives, please visit: 2024 Annual Report.
About Zero Fintech Group Limited
Founded in 1969, originally known as Terrourt Industries International (Holdings) Limited, Zero Fintech has evolved to focus on three primary areas: real estate and investment development, money lending, and payment solutions tailored for individual customers and small-to-medium enterprises (SMEs). Under the “Zero Finance” brand, its X Wallet application offers pioneering services including X Lend and X Pay, making it the first “super application” in Hong Kong that provides integrated loan and payment services.
With its operations spanning across Hong Kong and mainland China, Zero Fintech Group Limited is dedicated to delivering innovative financial solutions to its diverse clientele.
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