$1 Club, page-25898

Mondy you can do better than that - the articles Kev are posting are very relevant - how BNPL develops across regions is a big piece of understanding IOU's opportunity.

Here's what I'm focussed on:
• velocity - BNPL is a race / land needs to be secured before others take it / yes IOU is on boarding merchants and shoppers / and yes COVID has caused problems / but others are moving at much greater speed / this is changing the landscape / IOU need to get to escape velocity, enter new markets, and close deals / if they get distracted or fail to pick up the pace then they will not achieve $1bill MC easily as I had hoped / this next mid-quarter update will hopefully shine light on that

• revenue - while trying to grow fast it is imperative they have good margins and a revenue priority / otherwise it will all come unstuck / the IDSB purchase is part of that / I see it as giving heft to the balance sheet / helping to present a better look to wholesale funders and major investors etc / but revenue growth must come from BNPL / so again need to see that accelerate