I guess time will tell. The setup they have at the moment is not a great one, you just need to look at the announcement today from another B2B BNPL provider (IOU) to see why.
All the revenue they made from their loan book was written off against bad debts. This is probably only going to get worse as inflation costs and interest rate rises hammer businesses and more end up folding just like what's happening in the construction industry.
It's just the beginning for Spenda!, page-2932
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