@CedarStResearch @IejLake Most of the users use Pay-in-4 without any interest and use BNPL as a budgeting tool. If users don't pay on time they are banned from the app which is completely different dynamic from CC.
Lately BNPL apps also serve as a discovery channel for good deals and discounts.
'Dreamy business offering has at least four characteristics. Customers love it, it can grow to very large size, it has strong returns on capital, and it’s durable in time with the potential to endure for decades. When you find one of these don’t just swipe right, get married'
@targetedcap1@HeikoBusiness When it was clear they could not comply with listing reqs I sold majority (should have sold all) before delisting news came out. Didn't like how process was communicated. Thesis did not change - bet on management, just did not buy back