Toast Inc (TOST)

[goodolboy]

If people haven't figured it out yet, check out the recent financials. One of the main income producing revenue items is it's financial services. These are short term loans provided to their customers in which they charge a set fee, while tapping 13.2% off their daily credit card receipts processed nightly until the loan is paid off plus interest. Don't get me wrong, this is a great service for seasonal businesses facing the same fixed costs, less income and higher variable costs especially given inflation, and supply shortages. But, it is no different than a check cashing/loan service with a more secured clientele base.

It's genius!