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http://www.*.com.au/companies/news/181251/9-spokes-growing-at-unprecedented-rate-181251.html

9 Spokes (ASX:9SP) has surpassed the 10,000 user milestone by attracting 1,000 businesses to the 9 Spokes platform in just five days.

Originally, 9 Spokes had expected to reach the milestone by the end of July.

With strong acceleration of repeatable adoption, it is anticipated 9 Spokes will surpass 11,500 users by the end of the month, based on its month to date run-rate.

The company builds dashboards for its clients, this means collecting all of the business’s data so it is in one place (known as the dashboard) to be analysed.

Mark Estall, CEO, commented: “We now have critical mass. This strong adoption is very important for the company, and particularly its app partners who are now exposed to a significant potential customer base that will continue to grow materially over coming months."

9 Spokes signs LOI with leading New Zealand bank

9 Spokes has also signed a letter of intent (LOI) to provide a white-label version of its platform to a leading New Zealand bank.

9 Spokes will commence exclusive contract negotiations in the next two weeks and the parties expect to make the solution available to New Zealand SMEs in early 2018.

A shorter implementation time than previous channel part
ners is expected, as the platform is already live and the company has a substantial resource base, built up over the past 12 months.

Reflective of ongoing momentum

The LOI reflects the company’s ongoing momentum in business development, built on validation from existing blue-chip channel partners, most notably Barclays Bank, Suncorp Group (ASX:SUN) and Deloitte UK.
Furthermore, most recently 9 Spokes signed an LOI with Royal Bank of Canada (TSE:RY).
What is driving the accelerated user adoption?

The speed of adoption has accelerated considerably through more efficient marketing campaigns, Barclays’ user adoption increasing and successful launches of new features.

Demonstrating the increase in velocity and maturity of the adoption, the past 5,000 users have signed in 54 days compared to the first 5,000 users who signed in 216 days.