Douugh partners with TrueLayer for open banking data access

• Following strong interest from US-based customers and investors, Douugh is pleased to announce it has commenced trading on OTC Markets under the code DOUUF.

• With the US being Douugh’s core market, this is the first step to accessing a deeper pool of retail and institutional investors, prior to a potential dual listing on the NASDAQ in the future.

• With a key long-term growth driver for Douugh being word of mouth facilitated through its soon to be launched in-app member-get-member feature, enabling customers to become owners is another important initiative to accelerate its viral coefficient and lower its CAC.

We're pleased to announce that its application to dual list on the OTCQB Market in the United States has been accepted and the Company’s shares are now traded under the code OTCQB: DOUUF.

The Company’s primary listing continues to be on the Australian Securities Exchange (“ASX”), with its shares dual-listed on the OTCQB Market. The OTCQB listing aims to provide current and potential North American investors with appropriate visibility, accessibility, and liquidity to invest in the Company. Three key advantages for North American investors are:

1. Trades and settlements are in US Dollars (USD);
2. Trading in the North American time zone; and
3. The OTCQB share is the same class of Ordinary Share to ASX traded stock (ASX: DOU), not a synthetic. The share registry is still maintained by Automic Group in conjunction with a US Transfer Agent.

Read the full announcement here.