Within a year of listing on the ASX, life admin tech platform One Click Group Limited (ASX:1CG) has released information on its latest revenues, reaching $1.96M in July – the best month in the company’s history.
The startup says it has also increased its Average Revenue Per User (ARPU) from $25 in CY2022 to $32 in CY2023.
The increases in user numbers, revenue and ARPU are creating significant growth in 1CG’s rolling 12-month revenue, which is now above $3.3M.
1CG aims to take complicated financial products and make financial products simple.
Earlier this year, One Click Mortgages was released on the platform and has quickly started generating revenue. More products are expected to be added to the platform.
“The increase in our average revenue per user has been a large area of focus for the One Click Life platform in bringing new products to market and continuing to engage with our existing user base,” said Managing Director Mark Waller.
“We have increased this metric considerably this year, which is great. We still see strong opportunity for further growth with additional financial products as well as the ongoing promotion of existing products to our registered user base.
The continued growth in user numbers this year continues to demonstrate the growing demand for digital financial services in Australia and specifically the impact the 1CG platform is making, with more than 100,000 registered users and growing.
“It’s great to see our rolling 12-month revenue breaking through $3M within the first year of being listed. This was a target of the business and getting there after being listed for only 10 months is an outstanding achievement from the whole One Click team.”
Mark Waller, MD 1CG
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