AXS Group Is Set To Debut On ASX Backed By A Robust Revenue Model

  • Feb 18, 2019 AEDT
  • Team Kalkine
AXS Group Is Set To Debut On ASX Backed By A Robust Revenue Model

Global software provider company, AXS Group Limited (Proposed ASX code: AXS), reaches close to making its debut on the Australian Securities Exchange on the proposed listing date of 28 February 2019.

AXS Group functions as a Software as a Service provider for the financial sector companies. It offers an automated and cloud-based solution to its clients for asset processing and business integration that enables them to digitalize their working and receive real-time output. The flagship product of the company includes ARMnet platform that provides Customer Relationship Management (CRM) software solutions to the financial services industry, particularly for the non-bank software lending market.

The Group is backed by the strong revenue model primarily based on the subscription and licensing fees charged to the clients for securing access to the company’s proprietary software services. Subscription and licensing fees reflect the significant chunk of revenue generated by the company at pre-determined rates fixed at the time of the agreement. Though subscription may be of a varied length, like monthly, quarterly or annually, their recurring nature of revenue generation captures the investors’ attention to the information technology player.

Besides providing standard services and proprietary products and services, the company works with the clients to redefine their processes against the company’s software which can provide them with the maximum business efficiency and accountability. There comes the customised software solutions into the play. The company develops tailor fit products and upgradation that could best meet the clients’ specific business requirements. And in turn, the group generates revenue from development and personalisation fees which includes the upfront of initial payment and balance on completed stages.

The company’s key clients include mortgage originator, lenders, a financial institutions like credit unions, banks and leasing and superannuation companies. Moreover, its flagship ARMnet has been adapted to serve globally including clients across Australia, Europe, Asia and North America.

AXS ‘s ARMnet went live on 1 February 2019 after the company signed 3-year term agreement with Canada’s giant financial services provider, Industrial Alliance Insurance and Financial Services commonly known as iA Financial Group.

iA Financial Group sits among the top financial players in the Canadian market. It holds an extensive network of 25,000 brokers and manages over CAD$172.9 billion in assets. iA Financial Group intends to grow its lending activities, loan servicing and other services through the introduction of AXS’s ARMnet.

The deal was inked at updated pricing and revenue model tabled by AXS that aligns its fees with the volume of transactions on the software with terms, which will trigger fees on loan applications and loan approvals, user and set up fees for broker group, fees on products, portals, databases and system maintenance

AXS Group seeks to raise $3 million with an option to accept the oversubscription of $0.5 million in its Initial Public Offering (IPO). The minimum subscription value is set to $3 million through the proposed issue of 12 million shares at an offer price of $0.25 per share.

To know more about the IPO, read: AXS Group Limited Seeking To Raise $3 Mn To $3.5 Mn Through IPO.


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