 Seriously What's up money gigs the V here welcome to another video guys so into this video We are going to talk about a firm which is a pay later platform that has filed to go public They filed back last year and they're listed. They is coming up here. I think January 13 So we're gonna cover that into this video and see if this is a buy or a wait But before we get started guys feel new to the channel We talk about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and your notification bell So you don't miss out on new content again a firm like I mentioned is a company that is in the process of going public And so far what I've been reading about them the numbers look good But again when I look at the platform and I'm thinking to myself. What's the business model? Basically, it allows people to buy things now and pay later as you can see here on the website We say is pay at your own pace. So basically the company was actually started by one of the previous co-founders of PayPal so it's not a company that is just out there somebody that has done it before Being able to be part of PayPal to where PayPal is at today So the company does have some reputation. So that's I just want to put that out there again This company has filed to to go public and they did actually file last year I think November 18th that's when they actually file and they're gonna be under the ticket symbol af Rm again, I'm gonna repeat that a F RM That's gonna be the ticket symbol and they expect to offer about 24.6 million shares Price range would be somewhere between 33 dollars and 38 dollars. So somewhere between that that price range So the company operates in short-term finance market So they actually integrate their platform with popular e-commerce websites like Shopify that you know out there the big ones and big comments So they actually integrate so you can actually go on the website you buy stuff. It links you with a bank You get a payment plan that you want for that particular Item that you bought and then you can start paying later So they're kind of like taking away the traditional credit card But in this case you they give you a one-time fee that you just pay and so you don't have to be making a monthly Payments with interest what I want us to do is I want us to kind of talk a little bit about The numbers for the company because obviously the company is there as they're doing great But what sort of numbers are do they do kiss to me? Those are that's what's gonna help us see if we want to invest in this company or not So for the last three months ended in September of last year the company actually reported about a hundred and seventy four million dollars in revenue and a net loss of about 15 million dollars and then For 2019 they actually reported about eighty seven million dollars in revenue and about 30 million dollars In net loss. So if you look from 2019 to 2020, they've actually cut back that net loss from 30 Million to 15 million. So I think to me that's a good sign And so they are latest filing as you can see if you look at their s1 filing You can see that a company has actually grow About 77 percent year over year. Again, if they showing consistent growth year over year, that is a good thing So, I mean when I look at that and I look at the fact that the revenue is growing I think this one is one that you can definitely give a shot Straight and right out of the game most of these Platforms or most of these IPOs they're gonna spike because if we take again from what we have last year from just general tech IPOs We had a crazy 2020 a lot of companies went public some truth back some through IPOs like Airbnb and then the valuations was just insane. So these guys to gain their pricing They're just share price about between 33 and 38 I think this is gonna come out of the gate and start trading maybe somewhere around 45 or $50. So again If you are not day trading it, then I'll say just wait because usually when it comes out like that is always that Whole chaos where everybody wants a piece of it and then you're gonna push the price up You know when things set it down, it's gonna pull back and then you can actually buy in for long-term investors So this one, I'm just gonna day trade it once it goes public again. The listed date is January 13 2021 so I'm gonna day trade this one then wait to see if there's some Opportunity to buy to hold long time because again right out right out of the gate This thing is gonna just gonna skyrocket But when when when it set us down and that's why I'm looking for a long-term position. So that's my take So let me know in the comment section. What do you think about the company affirm? Do you agree with your business model which is buying out pay later? Is this sort of encouraging people to kind of get in debt? Again for me, I'm looking for my investor standpoint If they if there's a service out there that people are using and you can make money investing in it Hey, I mean, I'll take advantage of it and and go ahead and make some money So let me know again in the comp and in the comment section and before you guys invest in companies like this I want you to do your homework do your research So I'm gonna put the link to the investor presentation as well as the S1 filing So you can definitely go there take a look for yourself before you start making Investments like this and also if you're new to the channel guys We talk about how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button and any notification bell so you don't miss out on New content if you're looking to get started with investing as well We both is still doing a promotion right now If you sign up and deposit a hundred dollars you get four free stocks links in the description below And as always always do your homework do your due diligence. Don't be a greedy savage and stay motivated