Seeing AFFIRM rise another 6% overnight to a market cap of USD $11bn made me look at a few metrics, below.
Clearly Affirm has a much larger market share and has a higher revenue per user but also a higher bad debt % too. The two are of course linked. As always, some major discrepancies between the value of the ASX company vs NASDAQ but the difference here is that we are actually operating entirely in the US. User experience of Sezzle still superior.
All figures in USD, using latest announcements on ASX / NASDAQ, annualised where appropriate:
Sezzle, profitable by Dec 2022 (has a December year end:
https://au.trustpilot.com/review/sezzle.com
Affirm, profitable by July 2023:https://au.trustpilot.com/review/affirm.com
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