Thank you so much
@Bouncing for your informative post. It's great you've been able to warn us about the crowded market IOU is in. Just so you can help all of the rest of us out, maybe you could tell us who the other
BNPL companies are in Malaysia that will prevent IOU from being able to do business.
Oh, while your there, maybe combine that with business that sell PPI, as IOU is also involved quite heavily in that. So maybe get a list together of companies that offer
both BNPL and sell PPI.
Silly me, I forgot about the digital transaction processing. You must know about this because of all your research. Based on last quarter's ANN, IOU is doing 20 million transactions a month. So I guess you better list all the companies that offer
BNPL, sell PPI inventory and offer digital transaction processing.My wife tells me I'm going senile and I think she's right because I've forgotten to mention the data mining that IOU does from their proprietary platform which also enables them to have e-KYC capabilities. Obviously you know this with all your research and based on Malaysia (in your words) nt being a first world econonmy, they have a lot of underbanked and unbanked. The e-KYC allows IOU to do instant credit checks due to their strong links with telcos, utility companies and banks in the area. So I guess, to make sure we are comparing apples to apples you should probably list all those companies that
offer BNPL, sell PPI inventory, offer digital transaction processing, do data mining to offer to clients, have a proprietary platform and can do e-KYC checks.UGH - I'm such an idiot. It's probably good when a company has solid funding to help itself grow, especially in Malaysia, so we're really lucky that IOU had three sucessful CR's in the past 3-4 months and they have over $50 million in the bank now for their expansion plans. Being well funded is an important for any business - oh and the fact they have zero debt is also a bonus. So, sorry to do this to you, but maybe what you could do is list all those companies in Malaysia that
offer BNPL, sell PPI inventory, offer digital transaction processing, do data mining to offer to clients, have a proprietary platform, can do e-KYC checks, has over $50 million in the bank and has zero debt.I guess if you want you could also add those they have expanded into Indonesia as IOU is doing and other territories within SEA.
Obviously not being a first world economy is a big drag and thanks for bringing that up. Below is credit to
@mondy85, so you'll excuse my skepticsm, but the total population of SEA is 655 million people which is twice the size of the entire United States. In 2019 the internet economy was worth $100 billion and by 2025 it is estimated this will have grown threefold to $300 billion. Within these figures, there is a region-wide push with Government support for cashless economies in SEA; by 2024, total internet users are due to rise to 420M. In KL’s words, “this creates a perfect storm” for operators in the digital payments/consumer credit loans/BNPL space.
You're right - based on the above none of us should touch this region to try and go into business. Anyway
@Bouncing, I look forward to the list you can post, so all IOU followers will be better informed.
Whoops, forgot to mention that I've just put you on IGNORE, as all other posters should, but I'm sure the ones that haven't will be looking forward to your list
(20min delay)