Less than $1/4m traded so far, though, so it's a small subset of "the market".
I attended the webinar, which was uninspiring. I note that the medium term target loan book, used to show the trajectory to profitability at scale, is now $2bn, whereas previously $1bn had been used. I also note that in June 2021, the forecast was for $40m-$50m EBTDA for this $1bn book, while today, using the September 2024 run-rate figures, they suggest less than $12m for this sized book. The assumed yield is ~12% in both cases, so what's changed?
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