Pine Labs Launches BNPL Malaysia, page-149

Good post Gimme - at least it shows your brain is finally ticking.

Yes! IOU is not a pure BNPL company. Far from it

Firstly think of IOU as a Mobile Banking Software & Services provider - we build software platforms for big banks and Tier 1 big corporates and services them on a monthly basis with infrastructure & services maintenance + data analytics + marketing to their big network of customer communities. This IOU business division generates a very high margin and turnsover circa $2mil per quarter or $8mil a year - very high profit margins here.

Add to this IOU is also a digital payment processor company - very similar to EML Payments - check them out a $2 billion MC company.
The prepaid inventory digital payment processing business is a volumes game. IOU's CEO just gave $1mil a week as an example.
EML is doing the same thing (see below) - and highly profitable even only with a 1% prepaid inventory margin, they are showing a very impressive half yearly cash earnings EBITDA of $28mil .

IOU has already allocated more than $1.5mil weekly to prepaid inventory now which will translate to a minimum monthly turnover of $6mil per month or $18mil a quarter. And the $1.5mil weekly prepaid inventory is only set to grow much larger once IOU establishes more distribution channels across new target countries.

Finally IOU has now also rolled out BNPL offerings to our platform and signed up big partnerships.

IOU is a Digital Infrastructure & Services Provider + EML Payments + Afterpay all rolled into one glorious business.