Afterpay Valuation, page-1367

Actually, it was you that made the unsupported assertion that Afterpay is operating on paper thin margins. You can provide evidence or move on.

By my calculations, they are receiving a fee of 3.8% on 100% of the GMV even though they are only lending 75% (all first payments now come out upfront) and the money is repaid within 6 weeks, so the average life of the loan is less than 4 weeks. If you convert that to an effective interest rate, it is well over 50%, which as I’ve said is far from paper thin.