This new strategic investment in India is a win.
Once we take over ZestMoney which is inevitable as Zip has already agreed to terms we will gain 11mil+ users.
Let's say 8 mil of those are active users (conservative guess). We know we had 7.3mil customers at 30th June 2021 so that brings us to 15.3mil. Add in Twisto and Spotii, throw in Tendopay and Payflex and the rate of Quadpay customer growth.. I reckon we will have well over 20 million customers within 6 months. Not bad from 2.1mil customers FY20.
Additionally, we are now able to leverage an extra 10,000 and counting merchants, including Amazon India and Apple India in an eCommerce market expected to reach US $120billion by 2025. This has the potential to become another hugely successful acquisition like Quadpay
This new strategic investment in India is a win. Once we take...
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