As I mentioned in a MNW thread yesterday, the trouble with MNW...

As I mentioned in a MNW thread yesterday, the trouble with MNW is that they need revenue growth to offset their current burn rate.

They lost 6,361,958 this FY just gone on revenues of 2,152,465.

They've got a lot of ground to catch up on. By investing in MNW your betting they can generate enough revenues without much further cost increases to break even. That's going to be pretty hard by the looks of things.

Although I will note that I've recently seen MYOB advertising for a mobile payments app. I've only noticed these advertisements recently. I wonder if this has anything to do with Mint. If so that could generate some revenue but we're yet to see it I believe.

MNW have mentioned that the deals they work on take 6-12 months to materialise. That's a significant upfront cost to launching a new product. In fact it's massive. They're gunna need stock piles of cash if they don't announcement another big bank in the next few months, just to stay afloat.

Relatively speaking, MBE do have a very cost competitive mobile payments platform. They've only needed $1-2 million (give or take 0.5 million) to launch it in Singapore and that should be replicated in other jurisdictions.