I work at a high school in country Victoria. I often hear conversations of students about afterpay and how great it is. This isn't just a trend IMO its a revolution of the retail market and how both millennials and others can purchase interest free their items in 4 payments. When I look at the demographic using afterpay especially in areas in which I wouldn't think it be so popular (country Victoria), I can only see this business model expanding and growing into a multi billion dollar company.
- Australia Fashion Industry is worth 3 Billion Dollars
- The US fashion industry is worth 60 Billion Dollars
Afterpay has just entered into the US Market. This is a long term hold. The numbers are just staggeringly big.
APT Price at posting:
$7.93 Sentiment: Buy Disclosure: Held