1/3 of the general population also happens to be millenials and...

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elodea

144 Posts.

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29/09/19

20:14

Post #: 40628833
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Originally posted by rickzheng1: ↑

the main reason for me to buy apt,z1p, and splitit is that 1/3 of their users are gen z and millennials, the future of the world. whoever got hold of these customers, it is worth investing in the long term.

when these gen z and millennials come to the age of buying cars and properties, the first point of contact would be likely to be these buy now pay later apps. they have their whole credit history and buying habit with them, and trained to not pay upfront, just imagine the potential here.

along the way, I am sure these buy now pay later companies will expand their products to disturb the much bigger credit markets of the traditional banks, I think this day will come sooner rather than later, so just get them stick to the apps ( responsibly) and lower the funding cost as much as possible, sky is the limit.

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1/3 of the general population also happens to be millenials and gen z, so it's not exactly statistically significant. I wouldn't buy too much into "we target millenials" marketing that many companies are trying to pull. It usually means targeting some culturally narrow caricature.

APT isn't doing this as much as they are building on the technology as a platform. That's where the gold lies. If they can continue growing their customer base, it won't be long till they're doing a deal with amazon and then we'll be seeing $100+.

APT Price at posting: $36.57 Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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