>BNPL is dead in the water now,
It's still meeting its purpose and not losing money.
>loss making
That's rubbish. 1.4% of loaned funds as bad loans. That's better than average performance for a Malaysian lender.
>can't scale profitably
It's BNPL, when has BNPL ever scaled profitably? I'll wait for your example.
>and no debt warehouse.
Why does it need it if they're at a sustainable paying client base? Ohhh to scale.
So Openpay fails and the director of Splitit comes out and basically says BNPL is a wash, and you're still on "they gotta scale!!!"
Have you learned nothing?
>Whatever they are developing is slow to be monetized
And there we have it folks. It's just impatience. "Where is my bag"??
It's a speculative stock.
>$1.7mil in debt warehouse to fund their small loans venture - total joke imo.
Average monthly income in Malaysia is about $770 AUD.
How many people get new jobs in Malaysia and need a bridging loan, exactly? "It's a joke", no, your lack of perspective is a joke
>Another Msian former BNPL below can't raise funding
Yes, BNPL does not have a good reputation in Malaysia, have you not read the CCA?
They pivot away from it because they have.
>Tan’s decision was based on his understanding of the market and the future of the payments industry.
You're very focused on IOU getting funding but you haven't really provided a reason why this might be beneficial.
"They can do more transactions"
Again, has this worked for anyone else?
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