Loan application before CDI
To sustain the rising demand of computer accessories, the company needs funding to purchase inventory. Traditionally, application for loan from banks could take up to 3 months. Subsequently, 2000Fun was introduced to CDI and it could make use of its digital footprint as alternative data to apply for loans.
QFPay HK is a payment facilitator which focuses on establishing electronic payment systems for corporates. It has been providing payment services and point of sale (POS) system for 2000Fun for more than 4 years.
Through CDI, a lot of traditional processes were reduced and we were delighted that the approval process can be completed in a shorter period of time.
Founder of 2000Fun Gaming Store
CDI Fostering Potential Opportunities
Through CDI, 2000Fun can authorize banks to obtain electronic transaction data from QFPay HK. With the prior consent from 2000Fun, banks can make use of the company’s sales and transaction data to approve loans with no collateral. Processing time is also reduced. CDI also strengthens the collaboration between 2000Fun and QFPay HK, bringing business opportunities to both companies.