Quote Originally Posted by trader_jackson View Post
Impairments seem to be running a bit high for a BNPL pureplay...
Not sure how great it is relying on a third party for credit checks... I'm pretty sure it would be better long term to create your own credit checking system... this, along with other factors, has me truly struggling to see what Laybuy's "amazing technology" that is differentiated from other BNPL's...
Your platform only needs to work and be scalable. From there it's all about customer acquisition for me, whilst keeping those defaulters down.

Customers don't really care about the technology.... they just want the credit.

AfterPay has a huge first mover advantage though. So will be tough winning mind share.