Hi to all,
I am sure most of you have seen the IPO of Affrim that trades now at US$117 and Mkt Cap of $28.4B (AUD $36B)
I recommend you reading
https://ftpartners.docsend.com/view/t9rmwygukv3k7fpm it will give you some perspective on the US market and the BNPL space.
Affirm solution is offered only in North America, they have 6,500 merchants and some leading brands like Walmart and Expedia.
as I said before you don't need 30,000 merchants like APT to get to this kind of Mkt Cap, you need the right ones with the AOV that fits your solution and this is where SPT is concentrating right now.
you will see many merchants offering both solutions like in the example below - nectar (3m visitors per month) same as Casper that is mentioned in the doc I have shared with you.
SPT Mkt Cap is US$500M compared to AFRM US$28B
IMO at the end of 2021 SPT Mkt Cap should be not less than US$1.5B - We already see the growth in the number of merchants and SPT signing more vertical leading brands.
Watch This Space
