Ann: Clearpay reaches 1 million active customers in first year, page-9

Let me rewrite the press release in plain language rather than Afterpay speak.

Afterpay paid $20 million for half a million customers of Clearpay over a year ago.

Despite significant further marketing spend we have only seen a nett 100,000 additional customers transact more than once.

But the good news is two of our customers transacted eight times in the first year.

Over 400,000 customers registered for the system but only used it once which is better than USA where four million registered but never used it at all.

I will let the FOMO millennials to equate this to explosive revenue as there is non stated in the press release when it was in the equivalent USA five million milestone.

Press release issued only seven days before founders fourty million shares come out of escrow.