CBA - BNPL Disruptor, page-3

Good thing IOU is already making $3.71mil for the half year ending Dec 2020 and up 7.35% on prior year.

The entire $3.71mil revenue does not include any BNPL revenue as IOU is only set to launch its BNPL offerings in April next month.

Breakdown of the $3.71mil revenue comes from our Mobile banking ($2.8mil) & Digital payment divisions ($700k) - the digital payment division is set for huge growth in revenue this current quarter and beyond with IOU being flushed with $55mil cash now.

And you were saying something about CBA and BNPL...what's your point ? If anything it highlights IOU's strengths with our close partnerships with many major banks and highlights Afterpay's looming competition it faces from CBA.

IOU is a financial services business that serves the banks, big corporates and utilities - it does not directly compete with them.