"A first-of-its-kind collateralized virtual credit card designed to empower groups often excluded from mainstream lending," is how the London-based fintech start-up characterizes its most recent project.

The card offers "a secure path to building or improving credit profiles without the risks of unsecured debt traps and avoiding predatory lending," and is particularly designed for immigrants, students, those with physical or intellectual disabilities, and "individuals with past credit issues."

This means that the card's primary features include access to credit checks without the need for them, buy now, pay later (BNPL) capabilities enabled by AI and machine learning, and "state-of-the-art AI educational tools and multilingual support."

Clowd9, a cloud-native payments processing technology that was introduced in the UK in 2022 and whose decentralized approach does away with the requirement for physical back-end system hardware, will help fulfill this mandate.

The BlueAccess Card is powered by the platform, according to Suresh Vaghjiani, CEO of Clowd9, whose latest partner's "commitment to inclusive, ethical, and educational finance" "perfectly aligns with our B-Corp certified values."

The microservices design of the Clowd9 platform is a fundamental feature that allows it to expand with transactional demand while maintaining a higher level of resilience and energy efficiency than traditional architecture.

The collaboration "enables us to deliver an innovative and inclusive solution that breaks down barriers and empowers underserved communities to achieve financial independence," says ZORRZ CEO and founder Marcus Rupp.

The agreement expands upon the fintech's previous collaboration with SaaScada, the fundamental banking engine, which was also revealed this month.

The fintech's website states that the product will be "available soon" and advises potential users to sign up for a waiting list.