Beforepay launches free Financial Pulse tool for customers

Beforepay has rolled out Financial Pulse, a free in-app financial health check for customers with connected bank accounts, using Open Banking data from the past 90 days. The launch expands the lender’s wellbeing tools as the company passes 2 million registered users and cost-of-living pressure rises across Australia.

Why it matters: - Financial Pulse gives Beforepay customers a free snapshot of their financial health without affecting loan eligibility, limits or pricing. - The tool is aimed at everyday Australians facing cost-of-living pressure. - Beforepay says the launch makes one of the largest free financial health tools available to Australians at launch, as the company moves beyond lending alone.

What happened: - Beforepay Group Limited (ASX: B4P) launched Financial Pulse on 15 October 2026. - Financial Pulse is a new in-app feature that uses the latest 90-day window of bank transaction data accessed through Open Banking. - The feature gives customers an overall result from Starting to Excellent, plus a breakdown of five “vitals.” - Financial Pulse is available now to all Beforepay customers with a connected bank account at no charge. - More information is available here.

The details: - The five vitals are money in vs. money out, money movement, money rhythm, short-term debt and money habits. - Money in vs. money out compares income with everyday spending. - Money movement covers transfers between accounts and day-to-day money management. - Money rhythm tracks patterns in income, regular payments and everyday spending. - Short-term debt includes recognised repayments such as BNPL, pay advances and small loans. - Money habits covers recognised fees, payment reversals and refund patterns. - A customer’s Financial Pulse has no bearing on eligibility, limits or pricing. - The result is not shared with other lenders or credit reporting bodies. - Beforepay says early beta feedback was positive, with 92% of survey respondents saying they saw value in checking Financial Pulse regularly and 89% saying the result was clear. - Many beta users said the feature left them feeling reassured or encouraged. - Financial Pulse is powered by Cashflow Score technology developed by Carrington Labs, the enterprise arm of Beforepay Group.

Between the lines: - Beforepay is positioning Financial Pulse as a practical check-in tool, not a lending decision tool. - The company is using a borrowing app to surface a broader view of financial health, which could help customers understand spending patterns before they take on more debt. - The move also broadens Beforepay’s product mix at a time when consumer finance companies are under pressure to show value beyond credit.

What's next: - Beforepay will likely use Financial Pulse to deepen engagement inside its app as more customers connect bank accounts. - The launch comes as Beforepay passed 2 million registered users since 2019, giving the company a large base to scale the feature. - Beforepay’s existing products, including Pay Advance and Personal Loan, remain part of its wider offering alongside budgeting and spending insights tools.