Micro Connect
| Company type | Private |
|---|---|
| Industry | Financial services, Fintech, Microfinance |
| Founded | 2021 |
| Founder | Charles Li |
| Headquarters | Hong Kong , Hong Kong |
Area served | Mainland China |
Key people | Charles Li |
| Products | Financing solutions, Daily Revenue Obligations (DROs) |
Micro Connect is a fintech startup headquartered in Hong Kong, established in 2021 by Charles Li, with backing from Li Ka-shing and Adrian Cheng. The firm specializes in providing financing solutions to micro and small enterprises throughout mainland China via a platform that facilitates trading of revenue-based obligations.
Services
Micro Connect integrates micro-financing with advanced data analytics to empower small-scale businesses, mainly within China. Leveraging information technology, the company gathers and evaluates data from an extensive array of small enterprises to determine their financial stability and expansion prospects, allowing for customized financial offerings.
The enterprise introduced the concept of converting small business income into financial assets termed "Daily Revenue Obligations (DROs)." These securitized revenue flows, originating from businesses like noodle shops and karaoke establishments, are marketed to investors through the Micro Connect Macau Financial Assets Exchange (MCEX). MCEX stands as the first authorized global marketplace dedicated to this type of asset. By enabling international investors to acquire these revenue-linked securities, MCEX opens a novel funding avenue for China's underserved micro and small business sectors.