Ann: ZIP CEMENTS ITSELF AS A TRUE GLOBAL BNPL LEADER, page-614

so Szl activities report came in today
They achieved tremendous growth of 200% YoY but their losses are really mounting. They did nearly 25 million in losses for the quarter which I think is very high.
Afterpay by comparison had gross losses of 0.9 % fy2020 of receivables or 100'million approx but that's off 11.2 billion sales whereas szl may do 2-2.5 billionsales for fy2021

I think minimising losses is sorta important so you aren't always capital raising. It's a balance between unlimited growth and huge losses vs great gross and keeping losses under control.

I can see the mkt reacting negatively off this for szl, they released them late today. Good for Zip holders imho.

sezzle will need another cap raise in 3-6 months as they only have capital to survive 3 quarters at current burn rates