IP1 IP1.ASX not a bad chart
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Payment AdviserThe Payment Adviser (PA)
serviceisalso expected to benefit from the proposed BizIntegration acquisition. While ClickSuper is focused onemployee payments like superannuation contributions and salary and wages, the PA solution facilitates all non-employee related paymentsincluding bills, loan repayments and taxes. Subsequently, via PA, it is proposed that ClickVu willprovide a suite of additional payment services and introduce additional services providers and benefits to employees and members.
PayVuAs
Covid-19 restrictions continue to impact the PayVugoto market strategyweareusing insights from PayVu’s active and regular user base toincrease our focus on digital marketing. PayVu has completed case studies with some early adopters to help market and sell the solution to bookkeepers and accountants. Having recently completed the Xero partner API integration including finalsign off, PayVu will be available on the Xero app marketplace during August.With targeted marketing initiatives scheduled during August,September, October and NovemberInPayTech is focused on growing PayVu’scustomer base this calendar year.
Unaudited Financial Resultsand Capital Raising
We are pleased with the demand for our placement and rights issue which raised over $3.4million.Of the funds raised $750,000was used to repay shareholders loansand InPayTech is now debt free.Attached is the unaudited consolidated Profit/(Loss) for the 12months ended30June2020.Please note that the financial results shown in this release have not beenaudited and may be subject to change once the auditor’s reviewhas been completed.Our direct costs increased due to oneoff costs associated with a change in our service providers.The completion ofthePayVu application meantwe were able to reduce our IT costs significantly but incurred redundancy costs.
serviceisalso expected to benefit from the proposed BizIntegration acquisition. While ClickSuper is focused onemployee payments like superannuation contributions and salary and wages, the PA solution facilitates all non-employee related paymentsincluding bills, loan repayments and taxes. Subsequently, via PA, it is proposed that ClickVu willprovide a suite of additional payment services and introduce additional services providers and benefits to employees and members.
PayVuAs
Covid-19 restrictions continue to impact the PayVugoto market strategyweareusing insights from PayVu’s active and regular user base toincrease our focus on digital marketing. PayVu has completed case studies with some early adopters to help market and sell the solution to bookkeepers and accountants. Having recently completed the Xero partner API integration including finalsign off, PayVu will be available on the Xero app marketplace during August.With targeted marketing initiatives scheduled during August,September, October and NovemberInPayTech is focused on growing PayVu’scustomer base this calendar year.
Unaudited Financial Resultsand Capital Raising
We are pleased with the demand for our placement and rights issue which raised over $3.4million.Of the funds raised $750,000was used to repay shareholders loansand InPayTech is now debt free.Attached is the unaudited consolidated Profit/(Loss) for the 12months ended30June2020.Please note that the financial results shown in this release have not beenaudited and may be subject to change once the auditor’s reviewhas been completed.Our direct costs increased due to oneoff costs associated with a change in our service providers.The completion ofthePayVu application meantwe were able to reduce our IT costs significantly but incurred redundancy costs.
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i ran two extention and both points to 3.3c & 4.1c
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Higher price for this IP1.ASX expected today
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Gap up on Two hours chart, nicely moving higher
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great trade .
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