I like the sound of this. The platform and potential of imbedded...

I like the sound of this. The platform and potential of imbedded AI sounds genuinely innovative. A few key questions stand out to me -

The key to this appears to be the degree to which consumers will be prepared to pay an additional fee (the subscription) for their banking services.

Their ‘capital lite’ model has some obvious advantages but won’t that be offset to some extent by forgoing the margins they would otherwise earn if they had their own banking licence? Presumably the banks they partner with won’t be doing it for free.

The millennials they are targeting have demonstrated they are financially astute by dumping credit cards in favour of BNPL. It will be interesting to see if they are prepared to pay for DOU’s value added platform over a ‘no-frills’ alternative.