My Rewards International (ASX:MRI) has been featured in Stockhead discussing the Company's strong foundation as it heads to its next phase of growth, to be listed on the ASX.
With over 4.6 million members and 4500+ partners, the future is bright for MRI, with the international expansion of its highly scalable technology platform beginning in 2021 and gaining traction into 2022, thanks to the Ria Money Transfer contract providing access to potentially 30 million new members in 26 countries.
The article states:
"Company Chairman, David Vinson said MRI’s established market footprint across multiple verticals gives it a competitive advantage, in a market where a number of ecommerce stocks are facing Omicron-linked logistics challenges."
My Rewards International
MRI is a fast-growing global AI technology platform focusing on fintech and ecommerce by providing rewards, recognition, and loyalty programs for corporates and consumers.
Raising $5m from investors at 20c per share, David Vinson, Chairman of MRI says:
“So it was important to us that we didn’t take advantage of those market conditions. Our valuation point has always been lower — we want to be realistic and build value for shareholders by coming to market with a more conservative valuation.”
My Rewards plans on using the money raised from its IPO towards its targeted, global growth strategy, putting capital in key growth areas like the Malaysian market and leveraging its strategic partnership with Ria.
"We're on track to launch our retail B2C platform, leverage our market position and data analytics to build out an AI...So with our conservative valuation and articulated strategy, we think we're giving investors a good opportunity to participate in this growth strategy."
David Vinson, Chairman, My Rewards International
Read the full Stockhead article here.
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