Valuing IOU - 2021, page-3

when SPT went to full BNPL I understand it had loans valued at $12mil which I imagine was to fund its operation/launch into BNPL.

It has obviously raised a lot of money since to fund its launches into America etc, so it is hard to say, but it seems from the initial rollout this was funded by loans. The expansion internationally was CRs.

so IOU likely has sufficient cash ($8.5mil) to launch its BNPL (obvious given soft launch next week) and unlike SPT will likely be able to bank on $10mil revenue per year, which will mean it should find getting loans easy and can repay these.

as such, i imagine it would be able to secure loans of circa $10mil at least to support any launch into Malaysia without a CR. However, to expand into Indonesia and any other countries, a CR may likely be required. when this is, only the company likely knows.

my opinion only.