This risk disclaimer reads like it was heavily edited. "Impact customers' ability to repay debt, leading to lower demand". Yes it may lead to lower demand for Zip's services but the key thing it could lead to is an increase in bad debts. Seems like they edited that out..
Zip is much more susceptible to bad debts than APT due to larger lending amounts and longer lending periods. They also allow and want their platform to be used basically anywhere.
That might be part of the short thesis, combined with its greater need to raise capital per unit of TTV compared to APT given longer lending periods. I also question their ability to start up in the UK market given their offering is similar to Klarna's and they lack the list of global retailers that APT has. I do hope they throw everything they have at the UK though, they'll be a thorn in Klarna's side and will also help expand the BNPL market.
The sharks have moved on from their old (attempted) feeding ground..
Ann: Capital Raising Overview, page-36
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Last
$3.36 |
Change
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Mkt cap ! $4.386B | |||
| Open | High | Low | Value | Volume |
| $3.31 | $3.40 | $3.26 | $37.72M | 11.25M |
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| No. | Vol. | Price($) |
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| 1 | 800 | $3.34 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.36 | 284106 | 2 |
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