CI1 (ASX) CI1 General discussion

Originally posted by creditdumbness: ↑

Another FinTech player getting into the B2B BNPL space. Ramp just raised $550 million in debt and $200 million in equity. It's now got a valuation of $8b. Amazing we're at a MC of around $7m with seemingly no interest from private companies?

Ramp say there's $120trn in global B2B payments processed annually. How many thousands have we done Jimmie?

Like I've said before, getting into the B2B sector with our onestep IT purchase could prove very smart but there still seems to be a dark cloud around the whole deal. Posters have raised questions that have mostly been met with silence Let's hope the report shows good numbers as little revenue from a $2m purchase will ring alarm bells.

"Riley notes a number of venture-backed startups—including Balance, Slope and Vartana—have started to tackle B2B buy now, pay later. But she describes the market as still “in the early innings” and expects adoption to grow as businesses increasingly shift payments online."

https://www.forbes.com/sites/jonathanponciano/2022/08/23/fintech-ramp-dives-into-buy-now-pay-later-market-with-new-flex-offering-for-businesses/?sh=5f1890725057

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I mean a private company wanting to get into this space could get a quarter of CI1 for less then $2m. 2m is an expensive night out for some companies. It's nothing when companies losing billions are getting as much in finding. What do they know that we don't? Why don't they believe in Jimmie? It's crazy that a company of $13m in revenue and a profit of 2.5m a couple of years ago is not gaining more attention or interest. That's a PE ratio of 3. Why is no one interested? Why are insiders not buying? Why aren't all the uprampers on here selling their houses and buying? I'm not loading up because Ive been burnt topping up before and I really don't trust our CEO and despise the way he treats retail shareholders but there's no reason why others can't?

DYOR. My opinion only. Not financial advice . Correct anything that's wrong.