“We only do enterprise. We really only work with the big merchants. There are a few exceptions here and there but it’s mostly enterprise-only and it’s purely online. I once met [Stripe CEO] Patrick Collison and I joked with him. I said you might have a million merchants, I have [1.2K] merchants but I know every single one by name and they all process tens of millions every year. So I think it’s just a different business”.
“We took advantage of the current conditions to update the tax valuation of the company. We decided to do that for our employees so that we can re-strike all the options that have been handed out recently and therefore create more upside potential for them — they will have to pay less for those options.”
“We don’t need to raise money and there are no plans in that respect. To be honest, we don’t have to raise again. Never say never, but unlike many fintech companies, we have a proven business model.”
“We see the adoption of cryptocurrencies and NFTs driving global ecommerce to grow faster than traditional commerce. As consumers increase the share of wealth locked in cryptocurrencies, merchants start experimenting with offerings for these early adopters. Our role is to make those connections and offer a broader range of options”.
“We’ve always believed in serving innovative businesses, starting with fintechs, since our inception, and more recently, serving innovators in the crypto/web3 space in 2019. While this is an exciting sector, it represents a modest part of our business. We, of course, acknowledge the severity of the current situation in contrast to other past events, but remain committed to supporting our merchants with the best payment solutions possible”.
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