I’ve noticed other BNPL companies are charging significantly higher fees around 8%. Anyone know why Spt does not charge similar amount for their funded model?
The non-funded is around 2.3% which is quite low in my opinion as well. If Spt was to average say 5% it would make a huge difference to the revenue.
example : MSV $150m would be $7.5m revenue. MSV $200m would be $10m revenue.
it would certainly put the company in a better position.
I mean still cheaper than other BNPL
just curious if anyone has any thoughts on this or know why Spt is cutting itself short compare to the others.
SPT Price at posting:
7.7¢ Sentiment: Hold Disclosure: Held