KinerjaPay Corp (fka KPAY)

[MIKE2OO5]

2.5 million its a steal!!!!!!

Once the funds are in get ready..........

The company has already agreed to buy up Indonesian mobile prepaid top-up provider PT Mitra Distribusi Utama (PT MDU), reporting the agreed transaction would add $39 million to company’s annual revenue base.

KinerjaPay had a $1.59 million, or 728.5%, growth in total gross revenue to $1.84 million in the March 2018 financial quarter, when compared to March 2017 quarter results.

The $2.5 million acquisition expected by February 2019 is set to increase annual revenues by about 10-fold, using last year’s March quarter figures.

KinerjaPay’s Ng highlighted the expected growth to the company’s customer base from the MDU acquisition.

It will grow the company’s audience by up to 3.5 million users from its existing base of half a billion users.

Ng said, “Once we have completed the acquisition, we will have a massive database of about three million, three-and-a-half million customers.

“We can cross-sell other products that we have to these three million customers and have these customers shopping online, collecting points (and) paying utility bills using KPAY, instead of just buying prepaid top-ups from the companies that run mobile businesses.

“We could also offer them some peer-to-peer (P2P) lending solutions, (the KFUND) microloans that we announced four months ago.”


https://www.proactiveinvestors.com.au/companies/news/212459/kinerjapay-to-use-200-million-investment-for-growth-acquisitions-212459.html?_ga=2.28593276.1328014153.1551696975-319831313.1541202359