Good thing is, the acquisition costs won’t show on this Q report I don’t think, otherwise in this market and under these conditions, it would almost be guaranteed to get punished as those costs will only increase the loss (irrespective of the fact it’s largely Quadpay acquisition costs).
definitely one to keep an eye on, but possibly also a good hedging tool.
if the growth in the US starts to stagnate, and no doubt put under pressure from Klarna, Affirm and APT - the Indian vertical may offset it, if the uptake is good
it should not (and I very much doubt it will be) used as a distraction from the US land grab.
My guess is that the instos and funds will continue to watch closely on how the next 6 to 12 months unfolds, as the competition risks is probably a large part of why they’ve kept off this horse
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