Great post, thank you for your thesis, it's really appreciated.
I think another thing to keep in mind is, this isn't BNPL & this isn't consumer discretionary. That's been the typical appetite for ASX investors in the past. The W2V business model is actually needed, as it helps other businesses with their cash flow by reclaiming 30% more back for their clients using AI technology. Businesses have the right to reclaim VAT on business expenses & some don't do it due to the cumbersome nature of claims, so they miss out on revenue that could be in their pockets. That's where W2V steps in.
But I do agree with you, a MC of $15M just seems too cheap. In saying that, this is a fintech company with AI technology. So, I don't think it can be compared to anything else on the ASX & trying to put a value on it, I think, is very hard. But that's just my view.
Anyway, considering they've introduced two major product lines in the space of two years shows me they're working hard behind the scenes. First, it was the Smart Spend Card & now the AI auditing product. So, I'm curious to see what else they can come up with in time.
W2V Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
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