Wonder, a leading payments and fintech platform in Hong Kong and APAC, is delighted to announce the extension of the strategic partnership with Acorn Financial Services Company (“Acorn”), a renowned private credit investor in APAC, to enable T+0 settlements for SMEs. Building on our successful track record, this strategic partnership shall serve as the foundation for Wonder to empower thousands of small-to-medium sized businesses (”SMEs”) to improve their cash flows and streamline financial operations.

This strategic partnership leverages Acorn's private credit expertise and Wonder's full-stack B2B fintech platform to improve cash flows for low risk offline SMEs such as restaurants, bars and taxi drivers, in which Wonder enables the acceptance of more than 20 different payment methods and pre-funds the merchant on a calendar day basis.

Jason Ngan, Founder and CEO of Wonder, said in a company statement, “The partnership with Acorn is a testament to our shared commitment to empowering underserved merchants and SMEs with innovative payment solutions and enhancing merchants’ cash flow. Since our official T+0 launch in September 2023, Wonder has already processed several billions in T+0 gross merchandise volume and served over 5,000 T+0 merchants. Looking forward, we expect our T+0 merchant book to reach over 20,000 in the next 2 to 3 years, and we are excited for the future ahead with Acorn as a trusted private credit provider and business partner. ”

Zhu Min, CEO of Acorn, commented, “As a trusted business partner of Wonder, it is a pleasure to see our remarkable achievements in the T+0 project. Currently, SMEs are facing numerous difficulties when applying for loans from banks, and T+0 allows them to receive their revenue on the same day of the sales.  Seeing one merchant after another choosing Wonder and participating in the T+0 clearly indicates the increasing demand for this program in the market. Acorn aims to further scale the successful T+0 program with Wonder to benefit even more merchants and SMEs in Hong Kong.”

About Acorn

Acorn is an investment company based in Hong Kong that spun-off from a reputable Japanese online financial conglomerate’s Hong Kong operations in 2024.

It is Acorn’s mission to help small-to-medium sized businesses with easy to access working capital and cash flow. The partnership with Wonder and the pioneering T+0 settlement program in Hong Kong are some prime examples of Acorn’s social impact investments, where a triple win balanced situation among the merchants, the partner, and the investors can be achieved.

Acorn is actively exploring partnerships and social impact investment opportunities in Hong Kong and Asia Pacific.

About Wonder

Wonder is a leading payments and FinTech platform for merchants in Hong Kong and Asia Pacific, enabling any merchant from nano-businesses to multinational enterprises to pay and get paid effortlessly.

Currently, Wonder is Hong Kong’s first fully digital omni-channel payments platform where any merchant can self-KYC online in minutes, open an account, accept payments, pay digitally and manage transactions all from a single platform. Key products include Wonder App, Wonder Smart Terminal, Wonder Dashboard, Wonder Card and Wonder Taxi. Beyond the full-stack suite of payments and FinTech products, Wonder has also pioneered instant payments settlement (T+0) in Hong Kong.

Headquartered in Hong Kong, Wonder raised its US$6 million series A funding round in 2021 led by Hong Kong Telecom (HKT). Currently, Wonder has offices in Hong Kong, Japan, Singapore, Malaysia, Shenzhen, and Changsha.

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