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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  ISignthis Ltd    ISX   AU000000ISX0


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iSignthis Ltd (ASX:ISX) Strategic Investment by iSignthis Limited

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02/19/2020 | 11:29pm EDT

Melbourne, Australia, Feb 20, 2020 - (ABN Newswire) - Sydney, NSW - NSX Limited (ASX:NSX) is pleased to advise that the iSignthis Limited (ASX:ISX) (HAM:TA8) has taken a 12.96% strategic investment in NSX via a $4.2 million placement at $0.145 per share, based on the NSX three (3) month Volume Weighted Average Price ("VWAP").

As announced earlier to the ASX the NSX has entered into a Joint Venture agreement with iSignthis Limited ("ISX") to form a joint venture vehicle, ClearPay Pty Ltd ("ClearPay JV"), to develop a multicurrency, realtime, same day DvP platform ("ClearPay"), to be integrated with ISX's ISXPay(R) and Paydentity(TM).

NSX will seek shareholder approval to raise an additional $3.8-$5.8 million of which ISX has the option to subscribe for an additional allocation, for up to a 19.9% final stake in NSX. NSX operates the National Stock Exchange of Australia ("NSXA"), an Australian Market Licensee. Under this license, NSX provides a stock exchange facility for the listing of equity securities, corporate debt and investment scheme units. The NSXA is regulated by the Australian Securities & Investments Commission ("ASIC").

ISX Managing Director and CEO John Karantzis said: "We are delighted to be a strategic shareholder in the NSX, which operates NSXA, Australia's second-largest Tier 1 market venue. We are excited to be working together with NSX to develop a platform that will significantly increase NSXA's attractiveness to the broking and investment banking community, as well as private organisations that intend to go public via IPO. With this investment and iSignthis' technology platforms, we have the capability to develop an Australian version of Nasdaq, and become a competitive alternative to the ASX".

The NSX can now focus on adding the goal of becoming Australia's first true digital asset exchange to its existing business activities. NSX and ISX are working on a platform that will support NSXA's transformation to a globally competitive stock exchange. An exchange that will pursue the capabilities to offer market users shorter settlement periods and more efficient trade and post trade environments than other domestic and global exchanges.

NSX Director, Mr Tom Price stated "We are pleased that ISX will be investing in NSX so as to realise the opportunity to build this platform which will enhance our existing business and provide a greater range of services to listed entities, participants and other potential users of financial markets infrastructures ."

The strategic placement has been led by KG Capital Partners, the newly formed boutique advisory firm of Justin Klintberg and Tom Gunnersen.

About iSignthis Ltd:

Australian Securities and Frankfurt Stock Exchange listed iSignthis Ltd (ASX:ISX) (FRA:TA8) is the global RegTech leader in remote identity verification, payment authentication with deposit taking, transactional banking and payment processing capability. iSignthis provides an end-to-end on-boarding service for merchants, with a unified payment and identity service via our Paydentity(TM) and ISXPay(R) solutions.

By converging payments and identity, iSignthis delivers regulatory compliance to an enhanced customer due diligence standard, offering global reach to any of the world's 4.2Bn 'bank verified' card or account holders, that can be remotely on-boarded to meet the Customer Due Diligence requirements of AML regulated merchants in as little as 3 to 5 minutes. Paydentity(TM) has now onboarded and verified more than 1.5m persons to an AML KYC standard.

iSignthis Paydentity(TM) service is the trusted back office solution for regulated entities, allowing merchants to stay ahead of the regulatory curve, and focus on growing their core business. iSignthis' subsidiary, iSignthis eMoney Ltd, trades as ISXPay(R), and is an EEA authorised eMoney Monetary Financial Institution, offering card acquiring in the EEA, and Australia.

ISXPay(R) is a principal member of Visa Inc, Mastercard Inc, Diners, Discover, (China) Union Pay International and JCB International, an American Express aggregator, and provides merchants with access to payments via alternative methods including SEPA, Poli Payments, Sofort, Trustly, WeChat, AliPay and others.

UAB Baltic Banking Service, a wholly owned subsidiary of iSignthis Ltd, provides API based access to SEPA Core, SEPA Instant and SEPA business scheme, for neobanks, banks, credit unions and emoney institutions, and provides a bridge to the Central Bank of Lithuania's CENTROLink service.


Investor Relations
Chris Northwood
Investor Relations Director
iSignthis Limited
+61 (0) 458 809 177

Media Enquiries
Mark Hawthorne
Civic Financial Communications
+61 (0) 418 999 894

Investor Relations Europe
Dr Eva Reuter
Friedrich Ebert Anlage 35-37
Tower 185
60327 Frankfurt
+49 (0) 69 1532 5857

Copyright (C) 2020 ABN Newswire. All rights reserved., source Press Releases English

Stocks mentioned in the article
ChangeLast1st jan.
ISIGNTHIS LTD 14.44% 1.07 End-of-day quote.0.00%
NSX LIMITED 1.06% 0.095 End-of-day quote.-44.12%
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Sales 2019 31,2 M 22,3 M 22,3 M
Net income 2019 1,56 M 1,11 M 1,11 M
Net cash 2019 15,4 M 11,0 M 11,0 M
P/E ratio 2019 764x
Yield 2019 -
Capitalization 1 172 M 840 M 837 M
EV / Sales 2018 26,0x
EV / Sales 2019 37,0x
Nbr of Employees -
Free-Float 29,0%
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Mean consensus -
Number of Analysts
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Last Close Price 1,07 
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Nickolas John Karantzis Chief Executive Officer, Executive Director & MD
Timothy Hart Non-Executive Chairman
Elizabeth Warrell Group Chief Financial Officer & Co-Secretary
Michael Andrewes Chief Technology Officer
Barnaby Egerton-Warburton Non-Executive Director
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