”
https://www.modernretail.co/technology/growth-and-growing-pains-await-buy-now-pay-later-platforms-in-2023/
Growth and growing pains”, bring them on.
”The companies are making more money, even if they’ve yet to turn a profit. Klarna in the third quarter saw $1.4 billion in revenue, a 22% year-over-year increase, and it’s operating losses dropped by $169 million quarter-over-quarter. Affirm saw a 69% year-over-year increase in the number of users to 14.7 million active consumers and a 34% increase in revenue to $362 million, yet still reported an adjusted operating loss of $19 million. The company says it aims to hit profitability by the start of the fiscal year 2024.”
Afterpay can survive and adapt to the growth and growing pains.
The most used BNPL in the 18-25 bracket and Afterpay’s average age of users is increasing in an industry that is projected to grow at a CAGR of 33.3% by 2026 to $596.7 billion.
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