So now we have a full quarter of figures we can start to do some...

So now we have a full quarter of figures we can start to do some very rough projections. Also helpfully we have a mid-quarter update too, so we can see the 6 week growth from mid quarter to end quarter. What I've pasted below is a very rough projection using the figures from mid-quarter to end quarter - i.e. the TTV figures provided in both. The company grew TTV 26% from 16 August to 30 September, which is actually very good for a 6 week period, and remember it was only their second 6 week period. If you were to project this % half quarter on half quarter growth to 30 June you get total TTV of about $60m.

The above however doesn't factor in ongoing growth initiatives, such as onboarding enterprise merchants (Senheng etc), social media campaigns and the compound effect of increasing merchant onboarding via Razer, iPay88 etc. So if you projected in a slight upward curve of say half quarter on half quarter growth increasing to say 36% by 30 June, you get total TTV over $73m.

Now of course all this is a bit rough - we only have one quarter of figures and there was a lot happening in there - COVID restrictions, new growth initiatives kicking off only in Q2 etc etc. Anyway something to play with and if I've got any typos in there let me know I put that together pretty quick. I think another half quarterly update could be useful for the market again in Q2 - probably not needed after Q2, but the market should be informed at how fast this is starting to grow, and what this is going to look like YoY - absolutely massive if they can keep these numbers going.