Why Afterpay is no longer a market darling - Sydney Morning Herald

“Crazy” valuations for buy now, pay later companies have plummeted. Now investors are demanding proof these cash-burning businesses can make profits.

BNPL operators provide credit to consumers through short-term loans that are repaid in instalments, without the charging of interest. This type of lending has taken off with younger online-savvy cust… [+2763 chars]

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