Have you all heard of Spriggy? Look up 'Spriggy customer base'
it's essentially a neo bank for kids. My kids use it, and they are 135,000 users all word of mouth, no advert. they grew 380% last year, not on ASX, all private equity, Have an app, cards, saving goals etc
Anyhow it's compelling.
I am not sure on profit - but they clip the ticket on transactions and I know my kids spend $20 a day via Spriggy (bloody Guzman!) So do most of their friends getting breakfast in the morning.
They also now have savings on Spriggy in excess of $2k each, money Spriggy is likely leveraging.
So my point is, it's a trend; and this is a non listed company that is booming.
so ... DOU is a little different. Spriggy is only AU based (AFAIK), and targets more the kids who need a debit card.
So I see real potential here with DOU, my only concern is getting customer adoption. Tuis stock cane pump all it likes, but that first and second Q will be all telling ...
For example - if Spriggy listed tomorrow- they already have 135,000 customers
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