The entry into NZ will be good but the key one here is US. They...

The entry into NZ will be good but the key one here is US.
They have already started some hiring and relationships with retailers.
If US does strike, the revenue from US in 1 year or less will be higher than entire ANZ combined.

Needless to say the in store platform is still growing, the online platform is there but in store implementation takes time.

This business does come with risks around regulation but so far there has been no significant action.
Also their bad credit % is quite low compared to traditional credit cards. If one looks at that % for traditional mediums it is significantly higher. Simple math also helps if 80% transactions lead them to a profit and 20% leas them to a loss, it will be a profitable company.

The value of these transactions for credit cards/paypal are in 10's of billions. I would imagine Afterpay to get to 10 Billion in no time and till the bad credit is even 10-15% which actually .7% it is still a favorable company.

I see this becoming the next Airbnb! in terms of popularity across the world!