Retailers can sign up dozens of finance offers! BNPL has been relatively new for many retailers, and many have not had any feasible alternatives for pay in 4 fortnights etc. Does not mean the leads arrangement is highly valued by the retailers. That is a multi billion dollar issue really. I have assumed there is some value in the leads, but marginally more than no value. Keen to test my assumptions.
Afterpay Valuation, page-3802
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