How do they prevent against bad debts wiping out profits? It only takes a small % bad debts to eliminate all margins in a business like this. And creditworthiness for small transactions very hard to assess quickly and accurately. Those with a credit card can already use that, so those with no credit card (likely a less credit-worthy segment) are the likely AFY users. I couldn't find anything convincing about this in the Prospectus, but would be interested to learn from someone who clearly understands the business well
AFY Price at posting:
$2.16 Sentiment: None Disclosure: Not Held
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