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SQ - Join The Gold Rush With Square Inc. And On Deck Capital
Square Inc. Class A
If a Company Can’t Make Money in its Core Business
Two public companies dominate by revenue the non-bank small business financing space for the last six years. They are Square, Inc. (NYSE: SQ) and On Deck Capital, Inc. (NYSE: ONDK). Their core business is called Merchant Cash Advance (MCA). There are a plethora of private MCA companies but we are not discussing them in this article except to point out the competition for SQ and ONDK.
It is disconcerting that SQ and ONDK are rapidly growing revenues but neither generates exciting profits