Competitive PressureIntense competition from better-capitalized firms could force price cuts on products and services, reducing margins and slowing revenue growth.
Dilution RiskNeed for capital raises creates dilution risk for existing shareholders and may pressure the stock if financing terms are unfavorable.
Partner DependencyReliance on third-party partners for custody, payments, and distribution increases operational risk if partnerships falter or contractual terms change, potentially disrupting service access.