"100% automated AI microlending business" - I like it
This model will virtually eliminate backroom admin costs and facilitate high frequency short-term lending with high margins.
It will be perfect for countless microbusinesses throughout the Philippines with genuine short-term cashflow need.
There is huge unmet demand for this type of finance product.
Borrowers will need to repay their current loans before getting the next.
Expect an announcement soon about PIL securing a wholesale line of finance to fund the loan book. Borrow at a low rate and lend at a high rate.
Daily Price Movement / General Discussion, page-2568
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Mkt cap ! $21.21M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $1K | 100K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 5238688 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 2286264 | 5 |
View Market Depth
| Last trade - 10.06am 31/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 1.0¢ | 1.0¢ | 0.9¢ | 1129000 | ||
| Last updated 15.55pm 31/05/2024 ? | |||||
| PIL (ASX) Chart |