livi bank introduces livi Business to Hong Kong SME entrepreneurs

Leandra Monteiro

Hong Kong’s lifestyle-driven virtual bank, livi bank, has announced the soft launch of livi Business to expand its capabilities to benefit Hong Kong’s underserved small and medium enterprises (SMEs).

livi Business will offer a fully automated mobile banking experience designed to enable entrepreneurs to take advantage of the latest developments in digital financial services. The experience begins with a market-first feature that allows a small business customer to open a new livi business account in just one business day.

Leveraging livi’s innovative technology, livi Business offers SMEs the ability to open an account on the livi app 24/7 with a simple 20-minute application process and no documentation required. This hassle-free account opening process allows small businesses to save unnecessary time spent managing banking operations and focus on growing their business. Empowering today’s entrepreneurs who want to manage their banking needs on the go with their mobile phones.

“livi Business brings the best of livi technology to the SME experience, making banking fast and easy for business customers. I am delighted to share the journey of its opening.” Livy Bank CEO David Sun said: “With business activity poised for a turnaround in Hong Kong, in the coming months we will be expanding our offerings to SMEs in areas such as lending and trade finance. The vision will enable Livy Business to focus on helping small businesses build their businesses and drive their growth.”

Eve Lin, SME, Head of Strategy and Segment Management, livi“livi’s SME mobile banking experience will disrupt the market as entrepreneurs on-the-go can manage their business and personal accounts all in one app. of customers want simple, transparent and reliable banking services.Our experienced small business team understands how limited banking services are today, and we Our mission is to create a new normal by revolutionizing

Following a successful sandbox trial completed in December 2022, livi Business has already onboarded over 100 SMB customers and customer feedback has been positive.