Raiz is an interesting fintech, you arrive at A$120m valuation...

Raiz is an interesting fintech, you arrive at A$120m valuation based on an estimated value of $800 per user.

I think this is ultimately the right kind of thinking when it comes to UNL Comparables.

The right comps to be looking at are other fintech/insurtech companies with similar products (rather than looking at loose fitting ASX list co's with very little innovation)



Trōv is even closer to UNL - it's an insurtech with insurers Munich Re and Suncorp as partners. Trōv provides customers the ability to micro-insure their household items. To date it has raised over A$110m (35,000 downloads in Australia as at 2017), valued over A$500m.

United meanwhile has been working hard at rolling out insurtech products for Chubb.

1. The SOS alert product was launched earlier in the year - Chubb users within the vicinity of an emergency, weather warning etc will be sent an alert via the (United powered) Chubb app.
https://www.asx.com.au/asxpdf/20180423/pdf/43tf23cc5qxr2w.pdf

2. The Chubb flight delay insurance product is also coming up in Q4. This is from an earlier announcement: Upcoming launch of Chubb flight delay insurance product:
"If a plane is delayed customers will receive:
- payment within 1 hour of the delay into their United wallet
- no need to initiate a claim
- reduction in claims processing time and reduction in admin cost is a win-win for insurance company and customer
- United will be receiving an agreed percentage on each policy

So basically UNL is powering another one of Chubb's insurance products, receives revenue from it and has paid nothing to acquire that customer. Sounds like an extremely appealing business model for UNL.

These reasons are why UNL can become a $100m+ business. The market will wake up soon so as a holder I am absolutely confident shareholders are in the right space & definitely right time at this bargain mkt cap.