I can get it cheaper from a typical bank with the same offering...

I can get it cheaper from a typical bank with the same offering far cheaper than this loan shark business.

making a crust out of vulnerable Australian's- taking advantage of people being a loan shark.

Bad debts will smash this offer anyway, why you'd invest is anyones guess.

Already been downgraded majorly from institutional investment companies and they only IPO a month ago.

AFR yesterday-

t’s been a mere six weeks since payday lender Beforepay launched on the ASX, to a sickening thud.

Shares in the Brian Hartzer-chaired fintech plunged 42 per cent on its debut and have steadily fallen since. Float investors can presently offload them for a mere third of what they paid a month and a half ago.

Brian Hartzer chairs payday lender Beforepay, which has so far been nothing but a disappointment for investors. Jessica Hromas

Said payments would have been made to the company via Shaw & Partners, whose co-management of the underwritten offer (with Evans & Partners) earned it $875,000 (or 2.5 per cent of proceeds). But now, and a mere 31 trading days after the conclusion of said offer, Shaw & Partners has dramatically downgraded its expectations of the company’s worth, citing the rerating of the entire tech sector as the issue.

In a note to clients, senior analyst Danny Younis noted the fintech’s “continuing momentum in all key metrics” in its first-half results. Apart, regrettably, from the only one that matters. Younis has kept Beforepay as a “buy”, but downgraded his 12-month price target from a near-float price of $3.50 to a mere $2. Which, if achieved, would still offer a 60 per cent upside on Tuesday’s price.

Whether investors are still prepared to take Shaw’s advice on the matter is another question.