Credit card killer: Buy now pay later groups popping up like mushrooms

Buy now pay later fintechs are popping up like mushrooms and growing like weeds in Australia.

Flexigroup, once a sleepy consumer credit operator, was arguably the first Australian business to get into the BNPL market, but has only recently revamped its service offer and really entered the game. It has been a bumpy road for its share price, but those that got in at $1.10 earlier this year would be happy with the current $1.80 price.

Their investors appear to have scant regard for the potential that any of the BNPL groups could get caught out by bad debts. Hungry for growth, they also seem to ignore the reality that not the entire crop of BNPL businesses can be winners.Yet for investors wanting to get into the game, there are plenty of things to consider - not the least of which is which stock offers the best entry point.

It seems counterintuitive to describe a company as young as Afterpay as mature - but relative to its peers it is. While it is fair to say that not all these BNPL platforms will survive - there should be room for two or three to make a healthy return.

EKnightOfficial Now we just need Airlines to offer this service

EKnightOfficial Also Desperate people popping up like mushrooms economic depression conditions

EKnightOfficial what is sad to see is that they are offering kids credit to pay off their nike shoes,

EKnightOfficial A lot of them are just waiting for a serious downturn to completely wipe them out.

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