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Samyvalue

680 Posts.

65

15/09/21

17:17

Post #: 56091153
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Originally posted by Ryzie: ↑

On the myIOU website it says instant approval is 1000MYR. If you supply a bank statement and proof of address the limit is raised to 3500MYR.

I agree that 100% uptake wouldn't happen. I was just emphasizing the maximum capability that the IDSB investment could yield. I think over time an uptake of 10% is achievable. That would be something like $100m AUD per annum.

The market has treated it like a foolish move however that's a really short sighted way of looking at it by focusing on what was spent rather than what was gained. In 2022 the biggest growth will be seen imo because this will be when the biggest financial impact will be felt. Cross-selling effectively to IDSB customers as they look to maintain a certain way of living will pay off immensely.

Expand

Is that meaning IOU would need AUD$100mil to fund the BNPL loan book based on those assumptions?

IOU would have about $30mil left after Tranche 1.

Looks like we will need to raise cash or get a proper funding warehouse facility going pretty soon if they do want to scale.

I cannot see how they are ramping up merchant onboarding and influencer marketing to expand its BNPL user base but only have $30mil cash in the bank.

Last edited by Samyvalue: 15/09/21

IOU Price at posting: 28.0¢ Sentiment: Hold Disclosure: Held
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