Invigor Group expands into Singapore with Dover Street Markets contract for WeChat Pay

  • Apr 12, 2019 AEST
  • Team Kalkine
Invigor Group expands into Singapore with Dover Street Markets contract for WeChat Pay

The Sydney, Australia-based Invigor Group Limited (ASX: IVO), a B2B data intelligence company, provides data and analytics solutions comprising Insights 360, Loyalty 360 and WeChat suit of products to retail and service industries in Australia, Asia, and Germany. The Group offers actionable insights and recommendations that assist businesses to develop and influence future customer strategy and increase long-term profitability.

On April 12th, 2019, Invigor announced to have secured another major deployment of the WeChat Pay platform in Singapore from the world-renowned multi-brand retailer Dover Street Market. For this, Invigor will integrate its proprietary Advertising and Loyalty technology offering into the WeChat Pay platform for the new retail concept that is opening in Singapore with a huge consumer following.

Dover Street Market Singapore is located near Singapore’s iconic tourist precinct and was introduced in Asia by Club 21. It is highly anticipated to have a vast tourism appeal with brands including Gucci, Comme des Garcons, Balenciaga, CDG, Green and Metal, Thome Browne, NikeLab, and Stephen Jones.

In Asia, there are only three such concept stores that prove the uniqueness of the business.

Prior to this, on April 10th, Club 21 had signed its first agreement with Invigor for the multi-brand deployment of the WeChat Pay platform. Accordingly, Invigor would integrate payment, advertising and loyalty offerings to WeChat Pay targeting customers that comprise a majority of Chinese tourists.

Club 21, a subsidiary of COMO Group, is Asia’s leading purveyor of luxury fashion with 3,800 employees across four continents. In the last four decades, it has managed over 250 brands across nearly 400 stores in Australia, China, Hong Kong, Taiwan, Singapore, Indonesia, Malaysia, Thailand, the United States and the United Kingdom.

After the ten maiden deployments of the WeChat Pay platform for the eight retailers and tourist operators in Singapore, the company has gained strong momentum in both online and offline environments, thus building sustainable revenue streams for itself. The rapid growth further validates the tremendous value being derived from its partnership with Winning Group in 2018.

Also, in February 2019, Invigor’s 100%-owned German subsidiary, TillerStack, secured around $1,700,000 worth of new contracts. TillerStack offers sophisticated field service management (FSM) software solutions. These include a two-year $ 1,034,000-contract renewal with a leading European telecommunications company, UnityMedia to provide ongoing support and maintenance for its existing FMS solution installed by Invigor.

As per Invigor’s interim financial report for the year ended December 31st, 2018, the revenue from sales, licence fees and services from continuing operations from the core Loyalty and Pricing divisions amounted to ~ $ 1,251,000, up 74% on the $ 721,000 booked in 2017. Besides, the TillerStack FMS business generated ~ $1,066,000 of revenue. The net loss after tax amounted to $ 12,334,000, down on $ 13,150,000 in the prior year.

The company has around 2.59 billion outstanding shares (market cap $ 10.38 million to date). The IVO stock price is trending at AUD 0.004 on Friday, April 12th, 2019 at 02:55 PM AEST.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.


All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK