Livi Bank Rolls Out Financing Products, Enables Account Opening for Mainland Visitors
by Fintech News Hong Kong April 4, 2022Hong Kong’s virtual bank livi has unveiled new financing products that serve its customers’ financial needs both in their personal and business lives.
The Franchise Financing Solutions offered by livi are tailored for individuals who enter into the SME sector in Hong Kong.
livi said that it is looking to support the entrepreneurial aspirations of its customers by providing exclusive financing opportunities to franchisees and potential franchisees of 7-Eleven, the city’s largest convenience store chain.
By doing so, livi is leveraging its relationship with 7-Eleven operator DFI, a subsidiary of a major shareholder Jardine Matheson.
Budding local entrepreneurs can avoid the challenges of traditional funding channels when applying for a loan with a tenure of up to 60 months that helps to generate cash flow through early financing.
livi has also launched the Policy Financing in partnership with BOC Life, Sun Life and China Life, to support individual customers for their personal and business needs.
This flexible financing solution offers customers who have fully paid single premium life insurance policies another option to obtain funding to achieve their goals.
Eligible customers may be granted with a loan in a speedy manner, and at low interest rates.
Additionally, livi has now enabled account opening for mainland visitors in Hong Kong.
Customers can now remit money from their bank accounts to their livi account, and have access to the features and offers on the livi app.
David Sun
David Sun, Chief Executive of livi bank said,
“Our offerings will benefit both individual customers and smaller entrepreneurs, and are sympathetically tailored to their individual needs. With our Mainland visitors account opening capability, we are poised to service an expanding customer base, giving us further scope to create more innovative products.”
Our growing product line-up not only shows our significant investment in our business development, but it also aligns with livi’s vision to support the community and promote financial inclusion, especially in this challenging environment. There will be more new products to come in the coming months as our team works creatively to enhance our offerings.”
