Cashwerkz Limited [ASX: CWZ] turns focus to growth and scaling up
During the recent quarter, Cashwerkz increased the net inflows on the platform by 8.03% rise in total inflows (new money to the platform and maturing money reinvesting) from $535 million Q1 FY19 to $578 million Q1 FY20. As at 30th of September, Cashwerkz held approximately $1.02 billion in funds scheduled for future maturity and 49 banks competing for investor funds for cash investments on the platform. With superior customer loyalty rates maintained at 72% of customers re-investing on the platform, Cashwerkz continued to build out its operational team and platform for future growth opportunities.
Cashwerkz Limited has continued to roll-out its strategic growth plan for its market-first, streamlined and unique approach to cash investing in at call, term deposits and bonds. Its innovative platform remains unchallenged as the leading online marketplace delivering choice, transparency and security for investors chasing yield results for defensive assets.
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