I cant help but think a lot of you did not see the webinar or actually did not listen closely to what he said or pick up what i think are some pretty obvious highlights and hints. All anyone wants to do its seems is bang on about revenue, which i acknowledge is not as good as i would like either, but its growing and in my opinion you need to remember the 250,000 odd dollars in revenue they removed from the loan book so they could focus on more higher earning customers on the loan book. So they made back all of that plus more. Thats a good thing.
but what you all seem to have missed is the fact that CC is now squared away, nothing more to do except deliver a good quality service and sell into the CC customer base. That generates revenue by the way. This also frees up more opportunities to bring in more customers.
He said if i was a shareholder I would be interested in Spenda AR, hint, hint. SPenda AR, which he said blends software payments and lending, has just been released. It has integrated card and lending facilities and self serve onboarding and an ability for existing users to invite others to join the network internationally. Viral anyone?
I am pretty sure he said this is the game changer here and internationally. Spenda AR increases effectiveness in on boarding and opens up big growth opportunities. Couple this with the integration of the Fiserv PAyfac system and its an international growth driver. This is the real news in the webinar. They are poised for the next big step and customer acquisition here and internationally.
Now this what i think is a also a big hint! He then said it makes them a more attractive organization to others. Who are the others? Customers, investors, resellers maybe? Well later in the webinar he said they are continuing to get out and see investors a internationally, not just financial, but investors who will help them with market entry and PAyfac integration is also a driver there. Now who helps with market entry and attracts investors to a company, use your imagination. Also remember the roadshow, plus his trips to Singapore and he also mentioned the good work the Indian team have done on business development in that region , Not just software development.
basically i think the ride is just starting to speed up and we could see some interesting and good times in the coming months, all my opinion of course.
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