why I believe SPT will succeed, page-6

There’s a lot of credit card debt out there which means people don’t have access to their full limit so may not be able to make larger purchases on their credit cards.

The BNPL market is rapidly growing so there will be a few winners.  The question should be which of the BNPL do merchants want to deal with as they most likely only want two, maybe three.

I don’t think people are questioning SPT’s model so much, it’s a great model.  The questions are around the valuation today.  At some point SPT will need to do a cap raising to fund future growth as charging 1.5% is a skinny margin to operate on, unless you are like Visa/MC that do billions each day.  So if a cap raising happens, will funds/insto’s be prepared to pay the valuation it’s at?

Just because APT is worth $4B doesn’t mean it’s the measuring stick for all others.