Team Warta Bengkel Cargo Lift Online Olahraga, Hobby, Bussiness

My Blog List

Wednesday, September 14, 2022

Atome’s profit surge cannot mask BNPL’s underlying problems

 Atome’s profit surge cannot mask BNPL’s underlying problems


A lot has been said of how Southeast Asia’s buy now, pay later players have bucked gloomy global industry trends, benefiting from BNPL’s relative nascency in the region and avoiding the rough patch that their more established counterparts such as Klarna, Afterpay, and Affirm are facing in Western markets.


At first glance, Atome’s 2021 results would suggest that the benefit of the doubt given to Asia-based firms in the industry is largely warranted. But a closer look at the earnings report will reveal that the Singa​​pore-based BNPL service does share certain worrying underlying trends with its struggling global peers.


For instance, Atome saw its marketing expenses balloon nearly 5x last year, hinting at the intensifying competition in reaching target audiences.


This is a trend shared by troubled BNPL giants Klarna, Affirm, and Afterpay, who have had to spend heavily on advertising to stave off both established players such as PayPal and Apple, as well as a growing number of BNPL upstarts.


In today’s featured piece, Tech in Asia dissects Atome’s latest earnings report, which not only brings to fore the firm’s encouraging profit and revenue growth rate but also highlights how the Advance Intelligence Group-owned company has pivoted to focus on different Southeast Asian markets.


Also, if you’re an entrepreneur looking for funding, fill out this form to get your company featured on our list of fundraising startups.


- Shravanth


No comments:

Post a Comment

Kode Iklan Bawah