Highlights
● Strong growth across all key operational performance metrics:
○ Total Merchants reached 624, up 97% on PCP (Q3 2018: 317)
○ Total Customers (shoppers) of 235,000, up 187% on PCP (Q3 2018: 82,000)
○ Merchant Transaction Volume of US$30.5M, up 100% on PCP (Q3 2018: US$15.2M)
○ Merchant Fees of US$466K, up 96% on PCP (Q3 2018: US$238K)
● New merchants include well-known brands Kogan.com, Philips Respironics and Ableton
● Significant partnerships and integrations with GHL (~2,000 merchants) and Ally Commerce (Philips
Respironics), plus Shopify (~800,000 merchants) and Divido (~1,000 merchants) post quarter
● Additional merchants signed post quarter end, including Chili Technology, Eight Sleep, Ace Marks,
Nili Lotan, Bluefly, Ashford and 1800-Accountant
● Well-funded to execute growth ambitions, with US$16.1M in cash as at 30 September 2019, plus
US$4.5M in future repayments from merchants
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