WAY 2 VAT Reports Strong Growth and Expansion

WAY 2 VAT LTD (AU:W2V) has released an update.

WAY 2 VAT LTD has reported a robust start to FY24 with a 32% increase in quarterly revenue to $680K, and a significant 84% rise in transaction volume to $4.1M, compared to the previous year. The growth is fueled by the successful launch of their AI-AP Compliance product in pilot stage and expansion into the Australian market, alongside growing their enterprise client base to approximately 365. The company has also strengthened its financial position with $5.5 million raised through Convertible Notes, Placement, and a Share Purchase Plan.

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