SPT 0.00% 7.5¢ splitit payments ltd

When i originally bought in I was attracted to SPT being a tech...

  1. 285 Posts.
    lightbulb Created with Sketch. 25
    When i originally bought in I was attracted to SPT being a tech company as opposed to finance company.
    1. This provided SPT what i thought would be a competitive advantage in partnering with the establishment (banks and credit cards). Now it's a bit of a free for all
    2. Less risk of bad debts which was worrying a lot of investors earlier in the year... now to a lesser extent.
    3. Regulatory risk was less than other BNPL.... however ASIC report turned out to be a bit of a toothless tiger for now.
    4. Potential to contract out the tech like they have with QF... now competition here too (limepay/ HUM-DOU partnership.
    5. M&A target opportunity .... probably more attractive now.
    As you can see above my list of competitive advantages for SPT is fast wearing thin...
    What am I missing as far as competitive advantages SPT maintains over the other BNPL?
 
watchlist Created with Sketch. Add SPT (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.