Yep.
I read today Zip are about to raise $500 million to fund the business. The syndication to be lead by nab. It’s like a game of Musical Chairs. When the music stops not everyone gets to sit down.At some stage the music will stop and BNPL investors will wonder how they will ever get their investment back.
Ann: Appendix 3Y - Andrew Abercrombie, page-12
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