Further to go for ThinkSmart

ThinkSmart (LON: TSL) made the correct choice in selling 90% of its Clearpay subsidiary to Afterpay (ASX: APT) because the remaining stake has significantly grown in value since the original transaction. There could be further upside from the remaining stake.

ThinkSmart did not have the financial muscle to grow Clearpay as rapidly as Afterpay has managed to do.

Clearpay provides a buy now, pay later product which enables customers to spread the cost of a product over four, interest-free payments. Australia-based Afterpay is growing rapidly in this market and moving into new countries. Th...