8VI Holdings Limited
FY2021 Annual Report
8VI Holdings Limited
FY2021 Annual Report
8VI Holdings Limited (“8VI”) is a
Singapore-based FinEduTech company operating under the brand
name VI.
Established in 2008, VI (read as “vee”) is the representation of our beliefs and roots in Value Investing and empowers everyone to achieve sustainable wealth as part of their mission to make investments smarter, faster and easier. At VI, we offer results-oriented and process-driven analysis powered by technology, as well as promote investor education and knowledge exchange on a single platform
Seize control of the stock market and get set for real results as you connect with users within the VI Community through the app’s Social Bubbles. VI App simplifies all the key essential ratios which makes businesses easier to understand, and identifies winning stocks across 25 stock exchanges, 4 continents and 42,000 companies to compound your wealth.
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Our VI Community has been painstakingly built from the ground up over the last 13 years, drawing on our years of experience as a financial education provider. Today, our community of value investors continues to scale on a healthy upward path with close to 100,000 app users.
55,000
Programme
100,000
App
>> The global COVID-19 situation continues to evolve as governments around the world are working hard to get their economies back on track in line with vaccination rollouts, even amidst ongoing lockdowns and fresh waves of the pandemic in various countries.
Clive Tan
Non-Executive Chairman
8VI Holdings Limited
>>
We intend to remain laser-focused on building a smarter future
with our growth initiatives and we are confident that the strong
foundation we have put in place enables us to strengthen
our FinEduTech platform further for the next decade.
Ken Chee
Executive Director & CEO
8VI Holdings Limited
FY2021 has undoubtedly been another eventful year in 8VI’s journey since we embarked on our digital transformation. We have not only successfully circumvented the traditional earning challenges and limitations of a conventional education and training business in record time, but we have also rewritten records in terms of our progress – both operationally and financially
Adding breadth and depth to our acquisition, retention, and technology development efforts
We constantly work to broaden our content creation efforts on many levels and across regions, and remain laser-focused on building retention through a customer-centric culture and mindset to bring entire lifetime value. We will also continue to develop existing and new features on VI App that are designed to enhance the overall experience.
Growing our recurring revenue model
Leveraging the unit economics of our unique business model, our entry-level product range already covers our cost of acquiring a new potential graduate, unlike others that spend heavily to acquire users. All additional spending has a positive impact on our margins, which is re-invested into our growth plans. In the long-term, we aim to have 80% of our revenue on a recurring basis.
Cementing our position in core markets
Singapore, Malaysia, Shanghai and Taiwan remain our core markets of focus, where we continue to strengthen our position in these highly successful and well-adapted English, Chinese and Malay language-speaking regions.
Investing for a smarter future – digitalisation & talent
We will digitalise more aspects of our programmes, operations and processes going forward, while taking a data-driven approach to analytics to enable us to achieve the best business results and optimise business decisions on the backend. We also plan to invest a significant amount of our resources and costs into diversifying our human capital, in order to find the right talent to strengthen our position in technology.
Expanding our addressable market
With immense potential within the total addressable market for asset and wealth management, we intend to focus on the ‘Do It With Me’ group who would be keen to learn how to invest, and are willing to pay for a service; while also casting our net wider to attract more potential VI App users.
Positioned to offer more regulated products and services
We plan to leverage our position with 8BIT Global’s license to offer more of such regulated products and services that are complementary to our existing FinEduTech business going forward. We believe this will raise our competitive edge in the long-term by extending our position on the value chain.
Driving efforts to raise our profile and improve liquidity
To raise our corporate profile, we plan to undertake a secondary listing on Singapore Exchange Securities Trading Limited as part of our profiling efforts. Certain shareholders will also realize a portion of their investment in order to create the necessary headroom for potential new investors to drive better liquidity.
