VIG.ASX: Introducing Victor Nexus and its partnership

Introducing Victor Nexus and its partnership

Stock	Victor Group Holdings Ltd (VIG.ASX)
Release Time	12 May 2025, 10:11 a.m.
Price Sensitive	Yes

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Victor Group Establishes Fintech Subsidiary, Partners with Shebah

Key Points

Introduces Victor Nexus, a new wholly-owned IT and fintech services subsidiary
Partners with Shebah, Australia's leading all-women rideshare platform, on card issuance and marketing initiatives
Aims to expand fintech solutions and empower women in the Australian market

Full Summary

Victor Group Holdings Ltd (ASX: VIG) has announced the establishment of its new wholly-owned subsidiary, Victor Nexus Pty Ltd, which will strengthen the company's presence and operations in the Australian market. Victor Nexus will focus on providing IT development and marketing services for corporate customers in the data technology, education, and financial technology industries. The subsidiary will partner with qualified suppliers to deliver a comprehensive range of fintech solutions, including prepaid card issuing, digital wallet solutions, and other related financial technologies. Through its investment in LIT Technology, which operates an e-pay gateway in Vietnam, VIG has gained valuable experience in IT development and marketing within the fintech industry. The company will leverage this expertise to empower Victor Nexus to further explore and expand in the fintech solutions market for corporate clients in the Australian local market.Additionally, Victor Nexus has entered into a strategic commercial partnership agreement with Safe Transport Australia Inc (trading as 'Shebah'), Australia's leading all-women rideshare platform and certified social enterprise. Under the agreement, Victor Nexus will support Shebah in card issuance initiatives and related marketing activities, with the aim of enhancing financial access for Shebah's community of drivers and riders. The partnership also involves joint efforts in card user acquisition to broaden service reach and user engagement. This partnership reflects both parties' shared commitment to empowering women, promoting safe and inclusive services, and delivering innovative financial solutions.

Outlook

The company remains optimistic that the partnership with Shebah will contribute to increased revenue in the financial year 2026.