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Originally posted by Treba:
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Negative. APT is way way ahead with customers/users. Marketing and getting users is the key for DOU. What is easier, getting 3 million users or creating an app? If APT add other features to their application (AI, bank feeds, financial wellness items) they will end up with a product that is similar to what DOU is trying to build however will already have millions of users already. If users do not like the new financial wellness features, APT know that their BNPL offering will support itself. DOU does not have that luxury. When some people were calling for a cap raise the folks on here have argued the cost of application development is small, so this is especially small for APT, a 30 billion $ company that has massive international and institutional backing. APT will not pay $90 million for DOU (current Market cap which includes Humm hype) or even entertain the idea of DOU partnership when they can develop these app features for a tenth of this themselves. Risk is minimal to APT for exploring this financial wellness space. Rewards are massive.
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And BNPL is actually beneficial if done responsibly - by only giving you what you can repay. That way, you're more likely to make your repayments which increases your credit score. That's what Andy has been emphasising on for quite a while.
