Ann: CCR Q4FY22 ACTIVITY REPORT AND APPENDIX 4C, page-26

I don't have access to paywalled AFR but below is part of a story today on Indebted, Andrew Smith has mentioned the "Fintech sector grow at all costs attitude" which for some BNPL companies is now slowly killing them. BNPL sector is shrinking and small margins may lead to BNPL thinking twice before referring a customer if they going to pay 10 - 20% commission and communicating with the customer directly.

Part of Article in AFR
Indebted, a fast-growing fintech start-up that has digitised debt collections and been named as Australia’s best place to work, has doubled it valuation in a fresh funding round, while also laying off 40 employees in a bid to ride out the tech wreck.

Also note the Indebted global workforce in April 2022 was 160 so 25% have been laid off see below link.

https://www.smartcompany.com.au/people-human-resources/fintech-indebted-australias-best-place-to-work/