you raise some good points but the paperwork is likely replaced with AI and digital checks on identity, bank accounts, credit checks etc which removes the need to do manually.
All of this would be done within AML framework otherwise it’s illegal and not sustainable.
I expect a few other big players to move into this space in the next 12-24 months but hopefully MME can scale and rollout this tech fast by signing up dealers on exclusive contracts for say 3-5 yrs to build a moat
Coiling.., page-11
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