Ann: Appendix 4C - quarterly, page-4

Healthiinvestor, yes, the KYC for business market is expected to grow to US$ 11bn by 2023 (medici report). There is a need for banks to automate and to use primary source data. The kyk investor deck is reading the market correctly IMHO. But the sales cycles must be long, otherwise the revenues for kyk would already be materialising.
It could be, of course, that kyk's tech is not fully developed yet. Why would a bloomberg, elavon or IBM deal - already in place - not be a seven figure revenue customer? The group of competitors seem to be only the ol' boys dun and bradstreet, experien. The new players are KYC from Hong Kong and kompany from Europe.

At this price, you have two choices, fold or double down. Just need to consider that a game of poker might have better odds