Business
Buy now, pay later provider Zebit tanks on ASX debut – Sydney Morning Herald
US-based Zebit has failed to impress the market despite its promise of offering investors a different proposition to the likes of Afterpay and Zip.
“A lot of them (the BNPL companies) are focused on the same kind of market, the same consumer and replicating each other’s models,” he said.
Zebit is targeting consumers who would normally struggle to get affordable credit, primarily in the US market. While most BNPL providers take a 2 per cent or 3 per cent commission off the total transaction value Zebit’s model works differently.
“We make our money through the full gross margin, with a much larger consumer set where we’re not all competing for…
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