DOU 0.00% 0.4¢ douugh limited

Will DOUUGH Rise. Or is it toast?, page-326

  1. 2,335 Posts.
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    Have you all heard of Spriggy? Look up 'Spriggy customer base'

    it's essentially a neo bank for kids. My kids use it, and they are 135,000 users all word of mouth, no advert. they grew 380% last year, not on ASX, all private equity, Have an app, cards, saving goals etc

    Anyhow it's compelling.

    I am not sure on profit - but they clip the ticket on transactions and I know my kids spend $20 a day via Spriggy (bloody Guzman!) So do most of their friends getting breakfast in the morning.

    They also now have savings on Spriggy in excess of $2k each, money Spriggy is likely leveraging.

    So my point is, it's a trend; and this is a non listed company that is booming.

    so ... DOU is a little different. Spriggy is only AU based (AFAIK), and targets more the kids who need a debit card.

    So I see real potential here with DOU, my only concern is getting customer adoption. Tuis stock cane pump all it likes, but that first and second Q will be all telling ...

    For example - if Spriggy listed tomorrow- they already have 135,000 customers
 
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