How can you honestly think that?What's the alternative then?...

How can you honestly think that?

What's the alternative then? Money received today is worth more than money in the future BUT $40m sitting in the bank is wasted. The money will get spent on something. It should be put to work at the highest rate of return otherwise it loses value through inflation anyway and it's returning next to nothing in a bank account. The IDSB investment returns 12%, BNPL returns 9.6% and a term deposit returns 1%-2%.

At least the investment in IDSB returns cash as a diversified income stream and provides BNPL customers with higher quality credit profiles. The investment returns on two different fronts.

I'm really getting tired of the same argument about IOU losing out big without providing a better alternative. Do you expect the company to just sit on $40m cash forever? IOU can raise equity at any time through the market and I'm certain there would be plenty of investors that would be willing. I see money pumped into less desirable companies all the time.