Ann: H1 FY21 Results Presentation, page-77

One highlight for me that late fees as a % of revenue had dropped to 9%.

the media and general downrampers have constantly attacked apt for its late fee revenue. even the recent asic review highlighted the amount of people paying late fees as a huge negative for the bnpl industry!

this drop to 9% is exceptional news and show the quality of apt customers is improving substantially.

The self cleansing of subprime customers is working an absolute treat!