The iSignthis Ltd (ASX: ISX) share price rose 14.4% today after providing a September 2019 update.
iSignthis is listed on the ASX and Frankfurt Stock Exchange. It provides remote identity verification and payment authentication combined with e-money, transactional banking, IBAN issue and payment processing capability. Its products and businesses are iSignthis Paydentity, ISXPay, UAB Baltic Banking Service and Probanx Information Systems.
iSignthis’ Rocketing Share Price
iSignthis reported some strong growth in its September 2019 update.
It revealed that its actual annualised Europe and Australia Paydentity Ecosystem GPTV was $1.9 billion, up 360% from 30 June 2019.
According to iSignthis, business customer group approvals were up 45% to 304 from the end of June 2019.
iSignthis’ merchant services fee (MSF) percent was consistent with the targeted 125 basis points (1.25%) ecosystem average which is important for its profitability.
The fintech company said there’s a growing pipeline of business customer applications, so there’s plenty to be positive about for the believers in iSignthis, but the doubters will probably still question if iSignthis is actually a good buy or not.
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