BNPL is overhyped but at least they are going down the p2p lending route not payments which is way overdone. The model looks okay but kind of sketchy in the way that it relies on consistent funding from retail and institutional investors. Interest rates are 4-18% so they will be dealing with some risky companies and those financing these bonds may not like it. On the other hand, each company has its own bond so the lenders have some freedom
BNPL is overhyped but at least they are going down the p2p...
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