IOU is an BNPL for Asia. Currently revenue positive at $6m, they have now added a BNPL category to their business and rebranded. This is significant given the boom in Buy Now Pay Later sector. What makes this an interesting play for a stock listed on the ASX , is that we have an established business with existing customers in banking and other industries, in large populous markets. It means that the BNPL technology segment can be cross-sold / partnered with existing customers, giving speed to market and user uptake. This will in my opinion be highly news driven, with many catalysts ahead. It should also be noted that Management hold strong experience in this category both in terms of the technology development but also target market intelligence.
As always, DYOR and safe trading.
As always, DYOR and safe trading.
