excellent growth. 200+% YoY isn't as high as Quadpay but it's a close second. It's higher growth percentage than zips ANZ business (65%YoY) affirms and Afterpays growth of 97 and 98% YoY Burning cash though. Year losses may exceed 100 million that's how much Afterpay lost in Fy2020 but did 11.2 billion in total sales. They need to get their losses under control
Love the positive credit score option. It's been in the media a lot than bnpl can only decrease your credit score if you miss payments they can never increase credit score. This should be the defacto standard for all bnpl. If you areakimg regular payments that should benefit you with credit history. In Australia utility and phone bills are being added now to credit history which reminds me I need to sort out my Telstra bill and return my faulty Samsung phone to them!
At current burn they have 3 quarters of money left, so expect a capital raise in the next 3-6 months.
SZL Price at posting:
$8.06 Sentiment: None Disclosure: Not Held
