It's just the beginning for Spenda!, page-231

Those in and out numbers must relate to invoices that are repaid and issued, say monthly. So $24mio per quarter is about $8mio per month if strictly monthly. Which is in the ball park. Invoice finance is very unlikely to return 20% though. That is more for the BNPL product. 1% per month I’d say, roughly. So again it’s then in line with your 2.6% per quarter. Then you’d ask where is that 20% yield then?? Don’t know. We need to see a breakdown of that loan book by product (BNPL, invoice finance, anything else???). Generally as a lender now, they’ll need to hive a more precise view of their lending activity and how that relates to financials. Are they at all provisioning for credit losses? How much? They’re going through a massive transition from a tech to a lending business and they must up their game. It’s all very messy right now.
re acquisitions, I got to say, the prior pump and dump make it all look very dodgy. I fear this will be something new financiers for the DW will look into. I’m trying to forget about it but it does not shine a good light at all on the management.