First 6 weeks quarter update with a economy recording one of the highest number of COVID cases gave us $2.9M in TTV and 333 activated merchants fast forward to covid numbers drastically dropping off -> TTV for the quarter of $6.5M giving us $3.6M in that second half and new merchants activated of 946 outlining 613 new merchants in the second 6 weeks which is close to double what we saw first 6 weeks as restrictions eased. In-conjunction with taking on board big merchants, confirmed completion of Razer Merchant Services (RMS) with 50,000 merchants using the platform to help augment our BNPL space.
Our acquisition of IDSB financial company ($897M Loan Book) continuing to show outstanding growth YoY, recording profits and being a big link to Malaysian Banks for loan origination process that will implement cross-selling of IOU's consumer products to the Malaysian civil sector.
Very interesting times to come, GLTAH.
IOU Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
