How IODM’s New Deal with TransferMate Could Transform Americas Education Payments

Strategic Expansion in the Americas

IODM Limited (ASX – IOD) has taken a significant step forward in expanding its presence in the higher education accounts receivable automation market by entering into a formal revenue share agreement with TransferMate Global Payments. This new partnership covers the USA, Canada, Mexico, and South America, collectively referred to as the Americas Education Agreement, and commenced in July 2025.

The deal is non-exclusive, allowing IODM to leverage TransferMate’s extensive payment infrastructure alongside its existing partner Convera. This dual-provider approach not only diversifies IODM’s payment platform ecosystem but also increases its market penetration opportunities across key regions in the Americas.

Doubling Down on Market Penetration

TransferMate, a subsidiary of CluneTech and a global leader in cross-border payments, brings a robust footprint with operations in over 200 countries and territories, processing an annualized USD $60 billion from three million transactions. Its integration with IODM Connect, a cloud-based accounts receivable automation platform, is expected to enhance payment efficiency and cash flow acceleration for higher education institutions.

IODM’s CEO Mark Reilly highlighted that this agreement not only introduces new regions such as Mexico and South America but also effectively doubles the company’s penetration potential in the USA and Canada, where Convera had already established a presence earlier in 2025. The addition of TransferMate as a second payment platform provider signals growing demand and confidence in IODM Connect’s capabilities on a global scale.

Revenue Share and Growth Prospects

The revenue share model under this agreement entitles IODM to an average of 31% of net revenue from new payment provider clients adopting the platform, and around 27% from existing clients. This structure aligns with IODM’s other regional agreements, reflecting a consistent monetization strategy as the platform scales.

TransferMate’s CEO Gary Conroy expressed enthusiasm about the partnership, emphasizing the synergy between TransferMate’s real-time cross-border payment capabilities and IODM’s automation technology. Together, they aim to deliver improved operational efficiency and expanded market reach for educational institutions.

Looking Ahead

This agreement follows IODM’s earlier announcements of ongoing engagements with other payment providers, suggesting a broader strategy to onboard multiple partners and further diversify its revenue streams. As IODM continues to build momentum in the higher education sector, the Americas Education Agreement marks a pivotal milestone in its global expansion journey.