What funding are you talking about exactly? The less than $2m in revenue they achieved for the quarter? The first 5 pages of the announcement are all about their partnerships before they even mention the revenue amounts, as opposed to the other fintechs/BNPLs that proudly display the revenue in the top-half of the first page. I can see why there was so little price action this week leading into this incredibly lacklustre report. The worry is companies only doing like $8-$10m a year in revenue don't get valuations much higher than this. Hard launch now end May/early June, it'll be months before BNPL results start coming in.
Ann: Quarterly Business Activity Update and Appendix 4C, page-16
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