Search

Exclusive Fintech Podcast: Interview with CEO of Weyland Tech Inc.

Updated: Nov 5, 2019

Point Roberts, Washington and Delta, British Columbia--(Newsfile Corp. - November 4, 2019) - Investorideas.com, a leading investor news resource covering fintech and mobile payment stocks releases an exclusive podcast interview for investors following the sector.

Weyland Tech Inc. (OTCQX: WEYL) is eyeing many opportunities and has already outperformed its 2018 revenue numbers, company CEO, Brent Suen stated in a recent interview with Investorideas.com.


Listen to the podcast

https://www.investorideas.com/Audio/Podcasts/2019/103119-CEO-OTCQXWEYL.mp3


"For 2018 we had top line revenues of $22.6 million," he said. "This year, in the first nine months of operations … based on our preliminary announcement … we're already exceeding last year's entire full-year numbers in the first nine months of this year. That is due to distribution partners, or what we call white label partnerships, who are seeing considerably higher growth from the additional functionality that we added in over this past nine months."


Weyland, a developer and global provider of mobile business software applications, operates its CreateApp™ platform-as-a-service (PaaS) across three continents and 10 countries, including some of the fastest-growing emerging markets in Southeast Asia. Suen indicated that a top priority of the company is an uplisting, which would enhance the company's profile and opportunities.


"The biggest one is the uplisting to Nasdaq, and that's key to expanding a much higher level of visibility which in turn would enable, or certainly imply, a higher market cap," he said. "And subsequently the ability to fund a more exponential expansion plan."


"We believe that, upon gaining shareholder approval for management's discretion on a reverse split, we will be able to exercise a modest reverse split and immediately qualify for Nasdaq," he continued. "We expect that to happen before the end of the year. And we're also, alongside that, evaluating merger and acquisition opportunities that would not only increase our scale, but would also increase the pipeline for products and services and also geographic expansion."


Weyland typically enters markets with its CreateApp™ platform-as-a-service (PaaS) application, which allows micro and small businesses to design apps themselves, and market and promote their goods and services to their end customers much more affordably than having a third party designer.


"Our app, CreateApp™, enables the business owner to do a number of things, but the four primary ones are: a) to market and promote their goods and services, b) to enable them to sell online through the phone, c) to pay for them through the phone, and then d) have them delivered through logistics delivery or courier if it's nearby.


What's interesting about ours is that it can be created by our customer within one to two hours at a maximum, and that's with zero technical skills," he said. "It's extremely important because most micro to small business owners … typically wouldn't have the time, expertise or resources available to build their own app. So what we provide is a very simple and streamlined toolkit to do so. Further, [for] the app itself, what we price to our clients at an average of $20 to $25 per month. And that compared to having a native app custom built by a professional services firm is actually quite inexpensive."


The company is taking a different approach to the Indonesian market, where roughly 70 percent of the population is unbanked, according to Suen, and therefore rely on alternatives such as e-wallets. Because of this, Weyland has entered the Indonesian market via its subsidiary, Weyland Indonesia Perkasa (WIP), and its ewallet Atozpay.


"When you don't have bank accounts or credit cards … trying to sell things through the phone - e-commerce and m-commerce - is extraordinarily difficult to do in that type of environment," he said. "So what has ended up happening is that the prevalence of mobile payments or e-wallets, of which Atozpay is, has gained tremendous traction in Indonesia."

On the subject of Indonesia, with it being the fourth-most populous country in the world and boasting a growing confluence of big tech players and equity funds, Suen posits that it holds tremendous potential for investors.


"What I've found in the past two years of being back [in the U.S.], when I talk to potential investors … about Indonesia, most of the response, very naturally is, 'that's an entire world away'," he said.


"There are currently over 15 tech companies based in Indonesia that have what are called unicorn valuations," he said. "So, anything valued at a billion dollars or more would imply that it's a Unicorn valuation. Several are actually higher than ten billion and this is notable because every major global tech giant has investments in these 15."


"Not only are the big strategic tech companies making investments in these 15, we are also seeing the world's leading private equity funds investing as well," he added. "What you have is a landscape that's a who's who of global tech companies, a who's who of private equity funds and venture capital funds, and what we're going to see very soon is an impending wave of IPOs here in the US."


Suen said that the company's activities in Indonesia, coupled with its other developments, position it favorably for strategic investments or possibly acquisition.


"It puts us on the path for potential strategic investment in or an acquisition of, our Indonesian subsidiary by one of these larger companies," he said. "What we believe will happen, is someone like Grab - which is currently a $16 billion valued company operating in Southeast Asia in its entirety - we believe that they will be a strategic investor in Weyland Indonesia Perkasa, or potentially acquire us."


The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.


Visit the Podcast page at Investorideas.com:

https://www.investorideas.com/Audio/


About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea's original branded content includes the following podcasts and columns: Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change , Exploring Mining, the AI Eye .


Important Cautions Regarding Forward Looking Statements

This release contains certain "forward-looking statements" relating to the business of the Company. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the continued growth of the e-commerce segment and the ability of the Company to continue its expansion into that segment; the ability of the Company to attract customers and partners and generate revenues; the ability of the Company to successfully execute its business plan; the business strategy, plans, and objectives of the Company; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume any duty to update these forward-looking statements.


Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring WEYL is a paid for news release on Investorideas.com - third party (two thousand) More disclaimer info:


https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp


Follow us on Twitter https://twitter.com/Investorideas Follow us on Facebook https://www.facebook.com/Investorideas Follow us on YouTube https://www.youtube.com/c/Investorideas Download our Mobile App for iPhone and Android


Contact Investorideas.com 800 665 0411













To view the source version of this press release, please visit https://www.newsfilecorp.com/release/49372


Source: https://finance.yahoo.com/news/exclusive-fintech-podcast-interview-ceo-130000777.html

Recent Posts

See All

Piccadilly Chambers
Dudley House
169 Piccadilly
London W1J 9EH

Phone +44 (0) 20 3858 3100

© 2020 by Falcon Capital LLP

Falcon Capital LLP (Registration No. OC320410 ) - Authorised and regulated by the Financial Conduct Authority