Users up 184%, transaction value up 89%
Alot of people downloading the app but not using it.. yet.
Also didn't state the bad loan %, so the 89k the lent out..
My personal view is lending out cash should be the last thing they should do.. If it's a big % in loss of payments back, then the interest charges need to be higher. I guess it's a big part of the future business model.
Anyway iI like chart there, doubling in April. If they can do double every month that would be terrific.
No Thesage they have three quarters remaining with thier dept undrawn, not one.!
Obviously the receipts are lagging, hopefully to catch up next quarter, bringing that burn rate down, lifting the sp.
Then a more established business could raise capital easier.
Just my thoughts.
(20min delay)