W2V (ASX) 2022 W2V general discussion

Originally posted by ProCapitalism: ↑

Don't forget what this company has, a protected IP.

AI technology that automates tax returns.

Now it's being used for businesses, but Amos says there's potential to move into the tourist industry in one of those media clips. Is the tourist industry as big as it was before Covid? No. It might take many years to return to the peak again, if ever. But, there's still a large market out there for tourism. Is there not?

What else could you do with this type of technology?

I posted this chart today & it didn't get a response which I thought was interesting.

WAY 2 VAT LTD. (ASX:W2V) - Ann: Prospectus, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Notice from 2020 to 2021 when 7 to 8 billion people went into lockdown at one stage or another.

Look at the growth throughout COVID lockdowns. So COVID couldn't even shut this thing down? All the essential staff perhaps? Still going about their business claiming back the VAT when they travel around Europe.

All I see in every ann is continuous growth. According to Amos, the expansion of the card in Australia & America is planned for next year. Transaction volume is a key driver of revenue. It's a volume game here, the more transactions that are processed with more W2V could make.

WAY 2 VAT LTD. (ASX:W2V) - Ann: Quarterly Activities Report, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

WAY 2 VAT LTD. (ASX:W2V) - Ann: W2V Smart Spend Debit Mastercard - Initial rollout update, 61558660, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

WAY 2 VAT LTD. (ASX:W2V) - Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Blink - The Frontline App by Super Smashing Ltd (appadvice.com)

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I found an article today that discusses some of the issues facing UK businesses during the pandemic concerning VAT claims. Funnily enough, the article discusses that companies could use AI technology (something W2V has) to help improve compliance & reduce risks from errors.

As of 2021, businesses in the UK are missing out on 12% of revenue due to unclaimed VAT. W2V would make a commission on that missed VAT reclaim & keep in mind this is just UK businesses. What about other parts of the world?

There are also companies that currently claim VAT through traditional means. Why couldn't they use W2V technology as well? IMO those companies could also see value in W2V technology to slimline their current accounting/compliance department. So there isn't just the US$20 or US$30 billion in unclaimedVAT that W2V could get a piece of, it could also be the total global VAT market that could be tapped into over the years/decades to come.

Mastercard, a multinational conglomerate that's big enough to absorb much of the compliance & labour costs associated with claiming VAT uses W2V technology.

WAY 2 VAT LTD. (ASX:W2V) - Ann: Way2VAT partners with Circula to target SMBs in DACH region, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

INSIGHT: Navigating the Complex World of International VAT Reclaim (bloombergtax.com)

The total VAT reclaim market (according to the above article in 2019) comes in at $61 billion pounds which is AUD$105 billion with current exchange rates. The pandemic would have taken a large chunk of that away for good as businesses adapt to different procedures, working from home, for example. Still, even Amos says that much of the pre-covid budgets for business travellers are returning to normal with his current clients. So I guess time will tell.

Much of the issues facing UK businesses are discussed in the below article & they could also see value in W2V technology.

Businesses are losing 12% of revenue due to unclaimed VAT | Accountancy Daily

Someone should let UK business leaders know W2V exists.

Like Amos says, "the market is there, the technology is there, it's all about the execution."

@Fishy88 described W2V as a "sleeping tiger," I think you might be right.