QNA secures credit and ID checks for DriveMyCar Rentals
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Qanda Technology (ASX:QNA) has secured key agreements to strengthen the credit and ID registration process for its DriveMyCar Rentals peer-to-peer car rental service.
Credit and ID checks boosted for DriveMyCar Rentals
The first agreement is with Veda Group Limited (ASX: VED), the largest credit reference agency in Australia and New Zealand with a market cap of almost $2BN. Veda’s main credit checking product is called VedaScore, which summarises a person’s credit report into a number on a scale of zero to 1200.
Veda will provide real-time access to the credit reports of over 16.4 million Australians using the VedaScore product to QNA. This information will be used to enhance the reliability and security of DriveMyCar Rentals transactions.
The second reputation agreement QNA has signed is with Edentiti Pty Ltd, which focuses on identity verification with its main product D&BgreenID.
The product allows a person to use their key documents such as a driver’s license or passport to verify their identity. The product is used by large businesses in Australia including Australia Post, NAB and Optus.
D&BgreenID will now be made available to QNA’s DriveMyCar Rentals, allowing both renters and customers to more easily establish their identities online.
Interleasing ex-fleet cars now with DriveMyCar rentals
Earlier this year, QNA teamed up with McMillan Shakespeare Group, a $760M Australian car leasing company – to provide late model ex-fleet vehicles from its Interleasing division for DriveMyCar Rental’s car pool.
The first cars from Interleasing have been delivered to DriveMyCar Rentals and are being rented by customers. QNA says Interleasing is now working to make additional vehicles available.
QNA launches Share Purchase Plan
QNA has recently raised $750,000 through a share placement to institutional and sophisticated investors. 375 million fully paid ordinary shares were issued along with 187.5 million free attaching options at a price of $0.002 each.
This money will be used to accelerate the expansion and refinement of QNA’s three collaborative consumption businesses. QNA is now hoping to raise $250,000 from regular investors with a Share Purchase Plan.
QNA says the SPP is an opportunity for small shareholders to increase their holding in QNA by purchasing fully paid ordinary shares priced at $0.002 each up to the value of $15,000. The offer closes on the 21st of November.
Annual General Meeting to set up 2015
QNA’s Annual General Meeting will be held on the 28th of November in Sydney.
On the agenda will be a 10 for 1 share consolidation and a potential name change for the company.
QNA wants to change its name from “Qanda Technology” to “Collaborate Corporation,” saying the new name communicates its business focus much more clearly.
General Information Only
This material has been prepared by StocksDigital. StocksDigital is an authorised representative (CAR 000433913) of 62 Consulting Pty Limited (ABN 88 664 809 303) (AFSL 548573).
This material is general advice only and is not an offer for the purchase or sale of any financial product or service. The material is not intended to provide you with personal financial or tax advice and does not take into account your personal objectives, financial situation or needs. Although we believe that the material is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statute which cannot be excluded. Please note that past performance may not be indicative of future performance and that no guarantee of performance, the return of capital or a particular rate of return is given by 62C, StocksDigital, any of their related body corporates or any other person. To the maximum extent possible, 62C, StocksDigital, their related body corporates or any other person do not accept any liability for any statement in this material.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
