The harsh reality is that this sector has had it's day, and hats off to APT for finding an exit. There are parallels to the daily deal/groupon mania period where the market thesis during the hype cycle was who could acquire the most amount of customers in the shortest amount of time, and even for the Top 2 Groupon and Livingsocial their final destinations weren't too bright.
I think for a minnow BNPL there needs to be a real sense of identity and differentiating strategy, for any further capital injections, i'm open minded to see who can present a fresh case. Trying to play all strategies, and especially b2c when you don't have deep pockets, pretty much seals your fate.
LBY Price at posting:
24.5¢ Sentiment: None Disclosure: Not Held
