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24/01/19
18:48
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Originally posted by healthyinvestor:
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cheers thanks for that. it was a small investment for me so i'm not too worried, and can't justify the double down when management are being vague. But for management to forecast a 'step change' in revenue must have been because they expected their enterprise deals to make revenue. From my understanding it's an all or nothing thing. bloomberg probably have Kyckr there in case thee incumbent provider doesn't work out. They can't be generating much at all from the deals they signed. Also no new deals signed in over a year? I imagine the website is also focused at accountants, lawyers, foreign exchange providers ect who are being forced to use.
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Hello healthyinvestor, thanks for the comments. I never thought about it from the company's side, but you might be right. Maybe the management is betting on one big deal to exit based on the service/product rather than building out the enterprise customer base. That is really all or nothing. Here is the link for to the industry report (overview): https://gomedici.com/know-your-business-next-frontier-corporate-sme-banking-fintech-age/