Beforepay Group Limited reported a third consecutive quarterly profit of $0.3m and an EBITDA of $1.6m for Q3 FY24, with revenues of $8.7m driven by a 6% year-on-year increase in advances to $172.3m and a significant improvement in net defaults to 1.6%.
The company also launched Carrington Labs, a B2B offering leveraging its AI technology, and won two awards for ethical lending, highlighting its commitment to ethical, transparent financial services.
ASX Code:B4P