Beforepay is an Australia-based lender and lending engine provider. In Australia, it lets workers borrow up to $2000 for a 5% processing fee; outside Australia, it offers its AI-driven lending engine to out-of-market platforms. Founded in 2019, Beforepay is listed on the Australian Stock Exchange (ASX:B4P). 

Onsite at Fintech Meetup, The FR met with Jamie Twiss, CEO of The Beforepay Group. Twiss outlined: 

• Beforepay’s bifurcated approach to lending, which involves disparate strategies for Australian and non-Australian markets; 

• How Beforepay uses AI to lend efficiently; 

• The categories Beforepay uses to determine whether to outsource its lending engine to platforms abroad; 

• The advantages of machine learning over generative AI within lending; and

• The extent to which AI can drive lending in the coming years.