HSP you're totally rightAnd then the APT share holders say you...

HSP you're totally right

And then the APT share holders say you cannot compare apt to zip.this is why they say;

afterpay is a pure bnpl zip is not. The uncertainty in zips product lineseans it's harder to value zip but easier to value apt. Fact is Zip is generating about 50 percent higher revenue per TTV dollar than Afterpay and growing at same or better rates of growth. Both are bnpl.

Apt has a faster cycle of debt. It cycles 12 times a year vs zips twice a year and therefore the returns on Afterpay are much better. It can grow its portfolio much more quickly due to compounding.
Yet again we see this isn't the case. Apt fy2020 generated 4.48% revenue against TTV. Looking at apt vs quadpay, on current quarter quadpay generated a 7.07 % revenue on TTV return, 60 percent higher than Afterpay.but both are pay in 4.

Afterpay has first.mover advantage. No it doesn't. Zip was in ANZ before Afterpay. Klarna has the largest base in the US 11 Million customers vs Afterpays 6.5 million. Afterpay does not have a first mover advantage.

The only great thing I see with Afterpay is their cap raise at 66 a share. Absolutely fantastic. Puts a bar in for min shareprice of 66.

But you just can't keep justifying Afterpays shareprice. Especially now affirm is publicly listed and already 50 recent bigger than Afterpay in revenue yet it's market cap is 20 percent less than Afterpays