They are playing a long game trying to create scale but this should not be confused with share price appreciation as it's a long road to profitability if ever and each initiative demands more cash.
Latitude finance the imcumbent Harvey Norman interest free credit provider were writing off an average of 3 per cent of accounts as delinquent through 2020 but they could afford to do that as up to 40 % of accounts defaulted to 30% interest after the interest free period expired
Zip can't afford to do that and this imo will be another massively loss making initiative.
Ann: Zip partners with Harvey Norman, page-81
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