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22 May 2019 | 10:13

Boku confident of meeting revenue target amid ongoing growth in payments, identity divisions

Boku said expectations for continued growth in its payments and investment in identity segments give it 'confidence' of meeting its revenue guidance for the year. 'The anticipated continued growth in the Payments business and investment in Identity give the Board confidence that the Company will hit at least management's revenue projection of $52 million for 2019,' the company said. In payments, for the first four months of 2019 total payment volume grew 64% to $1.6bn, and average monthly active users rose 56% to 14.6m, In Identity, monitored numbers grew 458% to 69.8m, and billable transactions totalled 102 million, an increase of 106% over the same period last year.

At 10:13am: (LON:BOKU) Boku Inc. share price was +1.5p at 132.5p

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