TechTakes

I was mostly riffing on the Internet Meme of "what's the german word for..." but you are not wrong

let's hope that the outcomes of this helps them become a weeeee teensy l'il curious financial service again 😶

jesus, that seems insidious

and unfortunately I speak enough ghoul that I suspect I know how that’s being sold, too! a way for companies to “manage outflow”? and perhaps a dash of “cultivating a reputable $x base” in there too?

nvm that these intermediation fuckers are going the standard Bridgetroll[0] route too, which is also a problem

[0] - rentseeker

invoice factoring

Is that somewhat new in the US? I recall seeing ads for it here in Sweden for 15 years or more.

no bolts!

but otherwise? I mean, pretty close.

(yes I did upvote this post)

it’s worse than that, you should probably take number of adults (as in, 18+) as base here, and it’s 78% of them (267M), according to first random source i’ve found, so it’s closer to 34%

yep, entirely correct. and the numbers will also only reflect for those that are loantakers/account holders (which implies an even smaller number), because only one person needs to take out the bnpl to groceries it up for family support

I just didn't have the time to dig into the numbers properly this morning when I posted

it's all bad. just every single fucking part.

And most stats are flying under the radar because the Trump administration has made it impossible to get reliable data on things. But at least we live in a rational market system that optimally allocates resources, so I'm sure the decision-makers will handle this situation wisely and—

Not wanting to be left behind, more established finance companies are racing toward BNPL now, too … What started as a niche checkout option is becoming embedded financial infrastructure.

Morris sees this shift happening everywhere. “When I talk to some of these software companies that are now embedding payments, lending and insurance,” he told me, “and you say, ‘Okay, five years from now, where are you going to make your money?’” the answer surprises even veteran investors like him. “They say, ‘You know what, I think I’m going to make more money in embedded finance than I am in my core software.’”

Continued Morris: “It starts off as a nice little add-on, but when the powers of the marketplace drive down the returns in the core business, it’s often these financing businesses that have the greatest longevity and market power.