Bought some more this morning. Tuff hold since $2 but the board is already hammering great results.
800,000 members since prospectus... DEC quarter + 117,711 up over 14% and 124% against the September quarter.Although we're burning cash, the effects on LT brand awareness will be huge. Friends tell friends, earn themselves a nice referral bonus and the chain continues.
This also does
NOT include our deal with MoneyMe
- ANZ nominee Rob Goudswaard as non-executive director
His connections must be huge and a great benefit to CRW. The possibilities of CRW appearing on these banks aren't farfetched at all. If anything, the next point should show bring some comfort.
- MoneyMe launches new rewards program leveraging Cashrewards
Launched in Dec 2020, it applies to all of MoneyMe Freestyle cards when users shop online through the Perk portal (powered by CRW). It currently applies online as of now,
BUT instore is in the works. Freestyle isn't some small part of MoneyMe either, its a significant part of their business and is growing significantly.
"The Freestyle virtual Mastercard resonates strongly with customers and represents 37% of the book at 31 December 2020, with increasing usage and the average credit limit." - Q2 FY21 TRADING UPDATE MONEYME ON GROWTH TRAJECTORY WITH RECORD RESULTS
Its not impossible to think this as a 'beta' partnership. Test the waters before playing with the big boys. Especially hearing an ANZ nominee with extensive background and connections with 2 other banks, its a big WIN.
MoneyMe is just the first step. Our board is already preparing for the bigger picture. ANZ is on top of my list but partnering with Neo-banks is also a pretty good idea.
Lets not forget the fact that we are
the biggest cashback provider in Australia that has
no credit point system bs (where you redeem for GC instead of withdrawing hard cash).
Huge potential coming the next 12 months. Im loaded, and I continue to load.
Sorry for long post.
Heres a rich potato
