below is my calculation of the receivable amount Z1P needs before actually can make money:
funding cost = 5.5% interest
bad debt = 2.5%
Less: merchants average pay 3.5% commission
net funding cost = 4.5% needs to be recovered from consumer
breakeven receivable = $AAA, each consumer has 1000 line of credit, no of customer = AAA/1000, revenue from each customer = AAA/1000*$6*12.
For AAA/1000*6*12 > AAA*4.5%+35m corporate cost, $AAA or receivable needs to be well over $1bil.
if Z1P increase merchant fee by 1%, and consumer monthly fee by $2, $AAA = 500mil.
so it is inevitable, what Z1P will do is to aggressively acquire consumers, and hit them in the end like banks do, hahaha
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