AUS
NZ
UK
CA
USA
IND
On 25 January 2019, 9 Spokes International Limited (ASX:9SP)Â along with the ONBC bank launched the digital business dashboard for its SME (small medium enterprise) customers based on the global white-labeled platform. 9SP developed the digital business dashboard for the ONBC bank which is the second largest bank in South Asia by the asset.
The dashboard developed by 9SP is an integration of almost 40 business application such as Facebook, Paypal, Mailchimp, Shopify and QuickBooks. Through this, ONBC would be able to give its users a complete overview of business performance.
Through the promotion of the new platform, ONBC introduced it as âa one-stop digital business dashboard that will display apps which will provide a holistic view of the businessâ and the âfirst of its kind in Singapore.â
ONBC also highlighted the importance of the platform to extract data of the ONDC business debit card spending. Last year, the SME spending on these business apps almost doubled as a result of rising growth in the digital economy.
Through this digital business dashboard, ONBC will be taking a step ahead apart from its banking business where the SME can fulfill their growth ambition.
In 2017, both the companies, 9SP, and ONBC bank united when 9SP gave its presentation at the Fintech Accelerator Program. The program was organized by the fintech unit of the ONBC bank where the solution presented by the 9SP got accepted by the SMEs and also received significant support from the government to support the governmentâs considerable investment in its own Go Digital Programme for upskilling the SME and grow Singapore as a fast-growing digital economy.
The year of establishment of 9SP on ASX is 9 June 2016 where the performance of the company remains consistently negative. In last one year, the performance of 9SP was -82.86%.
For the half year period of FY2018 which ended on 30 June 2018, the company made a net loss of NZ$4.952 million. From the balance, the company has a net asset base of NZ$0.624 million and a debt to equity ratio of 6.27 which indicates that the company is in a risky situation as the company has funded its operation majorly through the creditors. The position of the current asset and current liabilities states that the company might be struggling in meeting its working capital requirement and clearing its short-term debt. The total shareholdersâ equity is worth NZ$0.624 million.
By the end of the half-year period on 30 June 2018, 9 Spokes International Limited had net cash and cash equivalent worth NZ$1.562 million. At present, the market price of the share is A$0.013 which is 0.001 points above its previous trading dayâs closing price with the stock holding a market capitalization of A$5.94 million.
Disclaimer
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.
