I think if you were to look at market cap on its own you would be right, the valuation is high for a junior tech co. But we can see the growth potential in the recent figures put out around the BNZ deal and the take-up is now built into their onboarding process. That's intrinsic value right there in plain sight. This opens right up when your offering the same thing to multiples of bank customers. Revenue doesn't appear straight away but it locks in future growth for the investor, that will be reflected in the SP over time. This is early days , they are working quickly and confidently to secure as many customers as they can to set themselves up as the leader in this marketplace, the dashboard they have developed will be used in banks all over the world , that's what's happening as we speak with the VISA deal in place. The work that has gone into that deal cannot be understated , it was huge for this company. Re-rate ? Matter of time I believe.
Caviar and Chanpagne this time next year no doubt !
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