Hey !! Its always an interesting time reading your deeply researched and simple articles .. i am too interested in understanding business models ... Would love to know what's the process behind this beautiful research method .. looking forward to know this ... Thanks 😊
1. Slice is NOT using its own money. It is raising cash from "retail-investors" in the market by selling bonds at 11.5%. For example they raised 40Crores in Feb-2022 herehttps://www.wintwealth.com/app/assets/Wint-Feb22-11 Thus, it is the so called "investors" whose money is at risk, not Slice.
Note that on the above link, Wint mentions that there is 1.2x collateral. It will be interesting to find out what this collateral is.
2. Since you mention Slice generated a revenue of 35Cr, it will be interesting to find out how much credit did they provide to generate that much revenue. As they are raising the money through their NBFC bonds at 11.5%.
3. What is your reference/source to claim Slice made 24Cr revenue from Interchange payments (of the total 35Cr revenue)?
4. Finally, i am most interested to find out Slice's repayment schedule. though they say 3 months. Is it in 3 monthly-EMIs over 90days. Dhaniloans, one of Slice's peers in this unregulated BNPL credit game has resorted to predatory loans with convoluted repayment schedules designed to loot naive unsuspecting folks.
For those who are interested, here's the detailed analysis/math
Pretty informative post.
Beautiful art to read and understand a company that iam going to join as an employee
Hey !! Its always an interesting time reading your deeply researched and simple articles .. i am too interested in understanding business models ... Would love to know what's the process behind this beautiful research method .. looking forward to know this ... Thanks 😊
Very insightful article, easy to understand
Got inspired and become hungry for knowledge again 🤩
Damn! This was fascinating!
I also did thought it was a scam.
Great insights! 💡💡💡🙌🙌🙌
Keep writing such well-researched content. Quite informative.
What an insightful article!
Great work, Shreyans.
Nice article.
Few clarification/questions though...
1. Slice is NOT using its own money. It is raising cash from "retail-investors" in the market by selling bonds at 11.5%. For example they raised 40Crores in Feb-2022 herehttps://www.wintwealth.com/app/assets/Wint-Feb22-11 Thus, it is the so called "investors" whose money is at risk, not Slice.
Note that on the above link, Wint mentions that there is 1.2x collateral. It will be interesting to find out what this collateral is.
2. Since you mention Slice generated a revenue of 35Cr, it will be interesting to find out how much credit did they provide to generate that much revenue. As they are raising the money through their NBFC bonds at 11.5%.
3. What is your reference/source to claim Slice made 24Cr revenue from Interchange payments (of the total 35Cr revenue)?
4. Finally, i am most interested to find out Slice's repayment schedule. though they say 3 months. Is it in 3 monthly-EMIs over 90days. Dhaniloans, one of Slice's peers in this unregulated BNPL credit game has resorted to predatory loans with convoluted repayment schedules designed to loot naive unsuspecting folks.
For those who are interested, here's the detailed analysis/math
https://tradingqna.com/t/how-did-a-zero-interest-emi-loan-generate-a-return-of-1400-apr/127329?u=cvs
Great post Shreyans. I even learnt a lot about the slice case study and also got an interest to build my personal portfolio site and the blog.
Great piece Shreyans!