Kaddy use to pitch themselves as a "B2B Afterpay" for the Bev sector, where they were proposing eye watering 7 to 9% platform fees (compared to afterpay's 3.9%).
The DW8 merger materials seem to have gone quite on that (or have i missed it) and pivoted towards B2B marketplace. Not sure if Kaddy's 2019 plans did not get traction were abandoned or what.
My guess was that it was to capital intensive for them to sustain and COVID would have caused more than few bad debt head aches. Be interesting to see if it is dusted off and re-emerges as a theme in the story down the line.
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