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Nige456

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14/03/19

23:35

Post #: 37768220
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Originally posted by iamagenius: ↑

From today’s podcast ....

It’s a great product , like afterpay but chasing the bigger end of the market as well as the small end

For example I go to Prada and buy a handbag for the mrs , it’s 5k instead of using up the credit limit on my card , or paying cash to avoid interest , I can choose to pay 1k over 5months all interest free ,

As I pay each month my card limit moves up to what it was , for instance after three months I have paid 3k, still 2k outstanding, on my credit card it will show 2k waiting for authorisation,

You can use there product to buy a car , or a Rolex watch , there avaerage per transaction is about $1000 ,
There income is 2% on each transaction ,
There burn rate is atm about 350k a month
Burn rate will be about 750k come December
They have 400 active merchants (1000 all up)
Splitit will start experiencing exponential growth ,looking forward to the next few quarter reports

This is going to become the paypal of instalment payments ,

It’s like afterpay but splitit is a b2b2c business, where aft is a b2c business model

Splitit has zero liabilities to all loans , there security is the authority on your debit or credit card

It’s a tool to manage your credit card and avoid interest

Expand

"its a tool to manage your credit card"

the purchases you mention, most people wouldnt bother using splitit. they are wealthy.

"going to be the paypal of installment payments"

Using a $120BN market leader to compare a stock with <$1m revenue. this is why this stock and forum makes no sense at all..

so Far Splitit <$1m revenue has been compared to Amazon and Paypal....u kiddin guys. let it get $100m revenue first.

this bubble is pure mania.

Last edited by Nige456: 14/03/19

SPT Price at posting: $1.50 Sentiment: Sell Disclosure: Not Held
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Investsmart Article, page-12

Top Stories

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Scientific conference spotlights PYC's work on blindness disease treatment

Sales growth pushes Lovisa's fortunes (and shares) upwards

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse