Agreed. The business model doesn't really stack up in comparison to Afterpay et al who have a turn around of 6 weeks. That means the funds get turned over 8.67 times per year @ 4% a time. A "loan" from Payright might tie funds up for a year, netting only one merchant fee. So the Payright model for large purchases over a longer time frame means far less annualised return. The up front cost of writing a loan may be addressing that, but I don't see it making much in the way of profits. Be interesting to see how it goes out of the blocks, but I'm happy to sit on the sidelines and watch with this one.
