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Case Study: BzQuick
About BzQuick
Co-headquartered in Hong Kong and the United Kingdom with an R&D Centre in Taiwan, BzQuick empowers businesses and banks to transform together in the digital economy. Their commerce automation solutions (B2B, B2C, B2B2C) are plug-and-play and preintegrated with banking services. They help merchants not only to drive more businesses but also become more accessible to the banks’ latest technology even without the knowhow. On the other hand, banks can tap into the under-explored small-and-medium sized market quickly with their financial services (bank transfer, FX, working capital, etc.) embedded into the merchants’ business flow.
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BzQuick is a licensed developer of VISA International. They are also the official referrer of an international bank in Hong Kong.
How the UK’s Department for International Trade (DIT) supported BzQuick’s journey to the UK
BzQuick has aimed to establish as a global company since day one and had already collaborated with an international bank and a global FinTech company in the UK on separate innovation projects, even before establishing an entity here. With zero knowledge about how companies are set up in the UK, Andrew Lo, the co-founder sought advice from DIT. DIT conducted a detailed survey on BzQuick’s needs and identified three local trade & investment organisations for them. DIT also helped BzQuick with set up a business bank account and understand the sandbox environment for FinTech. With a consultative approach and close follow-ups, BzQuick chose Leeds as their UK headquarters within a month.
BzQuick’s plans for the UK
BzQuick is an asset-light SaaS company and has just gone through the product development phase. With their modular technology and highly automated internal processes, they can cover a wide spectrum of segments (B2B, B2C, B2B2C) with crystal clear business transparency even from afar. Their plan for the UK is to leverage the geographical and FinTech sector advantages here to expand the business in Europe at a quick pace. The trade & investment organisation in Leeds is very supportive and they have already introduced at least three incubation programmes, and four potential FinTech investors for BzQuick when the cofounder visited the UK in September 2022.
