Jevgenijs Kazanins @jevgenijs Twitter profile

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Jevgenijs Kazanins

6 days

Square $SQ is lagging badly behind the competition in growth. In today's @PopularFintech essay, I argue that Jack Dorsey’s return to the company might have something to do with it 👇🏻

What is going on at Square?

Square is lagging badly behind the competition in growth. Jack Dorsey’s return to the company might have something to do with it.

www.popularfintech.com

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Jevgenijs Kazanins

@jevgenijs

4 months

Jamie Dimon $JPM answering a question from Betsy Graseck, Morgan Stanley analyst. Dimon is the GOAT.

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Jevgenijs Kazanins

@jevgenijs

2 months

Lithuania has a population of 2.8 million, but the country's central bank issued a banking license to Revolut...and now there are almost 40 million cards in the country.

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Jevgenijs Kazanins

@jevgenijs

2 months

Whoaaaa!!! 💙 “Stripe will add support for Base across its crypto product suite, and Coinbase $COIN will add Stripe’s fiat-to-crypto onramp into Coinbase Wallet to allow users to buy crypto instantly with credit cards and Apple Pay.”

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Jevgenijs Kazanins

@jevgenijs

3 months

This is the most bullish thing about the Fintech industry you will read today: in Q1 2024, Square $SQ originated $1.32 billion in small business loans....Chase $JPM originated $1.13 billion 👇🏻

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Jevgenijs Kazanins

@jevgenijs

14 days

Coinbase $COIN Q2 2024 results 👇🏻

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Jevgenijs Kazanins

@jevgenijs

8 months

I think the compensation package of Max Levchin, the CEO of Affirm $AFRM, is perfectly aligned with shareholder interests: ✔️ Levchin's base salary in Fiscal 2023 (year ended June 30, 2023) was $35,340 (not joking, 35 thousand dollars per year) ✔️ He does not participate in the

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Jevgenijs Kazanins

@jevgenijs

2 months

Nubank $NU serves more customers than JPMorgan $JPM. How about that? Fintech future is bright! 💪🏻

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Jevgenijs Kazanins

@jevgenijs

5 months

Brian Armstrong $COIN: “Payments are going to flow to the path of least resistance over time. Crypto rails are already starting to emerge with that. Now Layer 2 is just coming online. Inside Coinbase only 7% of our transactions are going over to Layer 2 today…it should be 99%”

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Jevgenijs Kazanins

@jevgenijs

4 months

PayPal $PYPL monthly active accounts. Does it really look like Apple Pay is "eating PayPal's lunch"? That's three years of data, where is the damage?

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Jevgenijs Kazanins

@jevgenijs

8 months

Never deleting this app! $AFRM

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Jevgenijs Kazanins

@jevgenijs

8 months

A few Fintech names that fit the bill for the "era of $1 billion to $20 billion and $3 billion to $50 billion": ✔️ Pagaya $PGY ($1.06B) ✔️ Payoneer $PAYO ($1.85B) ✔️ Inter $INTR ($2.12B) ✔️ Alkami $ALKT ($2.33B) ✔️ Flywire $FLYW ($2.84B) ✔️ Lightspeed $LSPD ($3.07B) ✔️ Remitly

Jevgenijs Kazanins

@jevgenijs

8 months

“The small caps will figure out how to become mid caps. This could be an interesting part of this next bull market…is this rush from $1 billion companies to become $15 billion companies, or $5 billion companies to become $30-35 billion companies. We used to talk about $10

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Jevgenijs Kazanins

@jevgenijs

5 months

This is the first time I hear Brian Armstrong floating the idea of Coinbase $COIN becoming someone’s primary financial account! “The way that they do payments for everything. The way that they get payroll, the way they borrow and lend.” 👇🏻

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Jevgenijs Kazanins

@jevgenijs

3 months

Today's essay on @PopularFintech is about PayPal $PYPL. The company's stock has been dubbed "a value trap" by many, and I respectfully disagree. Here's my bull case👇🏻

A few reasons to be bullish on PayPal

If PayPal returns to double-digit growth, the stock will take off. This level of growth might come sooner than the market expects.

www.popularfintech.com

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Jevgenijs Kazanins

@jevgenijs

14 days

Brian Armstrong, Coinbase $COIN Q2 2024 earnings call: "We're going to continue to try to partner with every fintech, every bank, even more traditional companies, to try to integrate crypto to every part of the global financial system."

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Jevgenijs Kazanins

@jevgenijs

9 months

Apparently, PayPal $PYPL tried to scale its merchant lending business in 2022 by "expanding acceptable risk parameters", which "resulted in a deterioration of the overall credit quality of loans outstanding" (read 20.4% charge-off rate 👇🏻)

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Jevgenijs Kazanins

@jevgenijs

2 months

When Coinbase $COIN went public, Brian Armstrong said that in 5-10 years half of the company's revenue would come from non-trading fees. The goal was to stay profitable in the next crypto winter. This goal is the topic of today's @PopularFintech essay 👇🏻

Coinbase’s quest to stay profitable throughout cycles

When Coinbase went public, Brian Armstrong floated an idea that in 5-10 years half of the company's revenue would come from non-trading fees. The goal was to stay profitable in the next crypto winter.

www.popularfintech.com

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Jevgenijs Kazanins

@jevgenijs

21 days

“We’re going to reorganize our entire company by function and disband our business unit reporting structure,” Dorsey said in the note which was viewed by Fortune, adding that the move would take Block $SQ back “to how we started as a company.”

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Jevgenijs Kazanins

@jevgenijs

3 months

Some Nubank's $NU operating metrics are just out of this world. Efficiency ratio (operating expenses as % of net revenue) reached 30% in Q1 2024 👇🏻

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Jevgenijs Kazanins

@jevgenijs

2 months

Oh wow! Congratulations, @mlevchin and the whole Affirm $AFRM team! 💪🏻

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Jevgenijs Kazanins

@jevgenijs

14 days

Brian Armstrong, Coinbase $COIN earnings call: "We're not always first to market, but we do it the right way. We do it the compliant way. The secure trusted way. And so we're the trusted counterparty that many have been waiting for."

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Jevgenijs Kazanins

@jevgenijs

3 months

Alesia Haas, Coinbase $COIN CFO: “We are proud to safely store over 12% of total crypto market cap on our platform.” 💪🏻

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Jevgenijs Kazanins

@jevgenijs

3 months

In four years, Coinbase $COIN grew its Subscription and services revenue from $7.1 million (Q1 2020) to $510.9 million (Q1 2024) 👇🏻

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Jevgenijs Kazanins

@jevgenijs

5 months

Coinbase $COIN revenue in a few charts 🧵

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Jevgenijs Kazanins

@jevgenijs

2 months

Trading volume on Coinbase $COIN more than doubled from Q1 2023 ($145 billion) to Q1 2024 ($312 billion), but the total operating expenses remained pretty much flat. And that includes the transaction expense, which increases with the trading volume!

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Jevgenijs Kazanins

@jevgenijs

8 months

That's been a good year for publicly traded Fintech companies! Year-to-date stock performance 👇🏻 ✔️ Affirm $AFRM +421% ✔️ Coinbase $COIN +355% ✔️ Upstart $UPST +257% ✔️ MoneyLion $ML 176% ✔️ Paymentus $PAY +126% ✔️ Shopify $SHOP +125% ✔️ Inter $INTR +124% ✔️ SoFi $SOFI +115% ✔️

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Jevgenijs Kazanins

@jevgenijs

16 days

Alex Chriss, PayPal $PYPL CEO on competition with Apple Pay: "If we narrow down into desktop web, which is still 40% to 50% of all checkout, we see no degradation in our share over the past 4 years. So let me say that again, we've held share despite competition."

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Jevgenijs Kazanins

@jevgenijs

4 months

So we’re back to “payments are a commodity”, aren’t we? $ADYEY

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Jevgenijs Kazanins

@jevgenijs

8 months

Cash App active users $SQ and JPMorgan mobile active users $JPM 👇🏻

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Jevgenijs Kazanins

@jevgenijs

3 months

Ramp raised $150M at $7.65B valuation in April. According to Techcrunch, “last summer [ the company ] passed $300 million in annualized revenue.” Divvy, which was acquired by Bill $BILL in 2021, reported over $400M in revenue in 2023. Current market cap of Bill (so Bill + Divvy)

Jevgenijs Kazanins

@jevgenijs

4 months

Ramp raises another $150M co-led by Khosla and Founders Fund at a $7.65B valuation 👇🏻

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Jevgenijs Kazanins

@jevgenijs

6 months

PayPal's $PYPL new CFO: "Beginning in Q1, we will include stock-based compensation expense in our non-GAAP results. Stock-based compensation is an integral part of our cost structure and one that we believe we need to manage more directly and transparently." Thank you! 🙏🏻

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Jevgenijs Kazanins

@jevgenijs

6 months

Here is the bull case for Affirm: Affirm $AFRM will become American Express $AXP for Gen Z. ✔️ The magic of AmEx is that it is a scheme, an issuer, and an acquirer in one, so it gets the merchant discount, card fees, and earns interest on revolving balances ✔️ Affirm has the same

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Jevgenijs Kazanins

@jevgenijs

6 months

Alex Chriss on PayPal $PYPL Q4 2023 earnings call: "...on your question around the tech stack. Look, I'll be transparent. The company has gone through significant growth over the last few years and a lot of acquisitions. We have not invested enough in creating a single platform.

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Jevgenijs Kazanins

@jevgenijs

4 months

Bank of America $BAC: “This quarter, Zelle transactions have passed the combined number of checks written, plus the amount of cash withdrawals from tellers and from ATMs.” Who would have thought this ever happens?!

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Jevgenijs Kazanins

@jevgenijs

5 months

An interesting data point from the Coinbase $COIN blog: "Dollar backed stablecoins transactions are approaching $9 trillion in annual volume (more than Mastercard, American Express, and Discover combined)." 2023 numbers: ✔️ Visa $V payment volume: $12.6 trillion ✔️ Mastercard

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Jevgenijs Kazanins

@jevgenijs

4 months

Morgan Stanley: "Square's $SQ volume growth has been consistently slowing over the past couple years, and is now trending similar to that of the incumbent, Global Payments $GPN, while peers such as Toast $TOST, Shift4 $FOUR, and Fiserv's Clover $FI are growing meaningfully

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Jevgenijs Kazanins

@jevgenijs

3 months

Brian Armstrong, Coinbase $COIN Q1 2024 earnings call: “We also try not to preannounce anything on these calls. Let’s not announce vaporware, let’s actually go build things.” That’s the attitude! 💪🏻

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Jevgenijs Kazanins

@jevgenijs

4 months

Coinbase $COIN Q1 2024 Shareholder Letter 👇🏻

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Jevgenijs Kazanins

@jevgenijs

5 months

Brian Armstrong $COIN: “We have U.S. dollar-backed stablecoins and they’re starting to be fast and cheap and these are really going to become the new rail instead of SWIFT or ACH…that’s really, really important.”

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Jevgenijs Kazanins

@jevgenijs

8 months

3 hours 41 minutes and 169 slides later… Let’s learn more about JPMorgan’s $JPM payments business

Jevgenijs Kazanins

@jevgenijs

8 months

Alright, someone has to do it! JPMorgan $JPM Investor Day 2023, just 6 hours and I will know more about this beast👇🏻

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Jevgenijs Kazanins

@jevgenijs

14 days

In Q2 2024, Coinbase $COIN reported $599 million in "Subscription and Services Revenue"...up from $6.5 million in Q2 2020 👇🏻

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Jevgenijs Kazanins

@jevgenijs

5 months

Brian Armstrong $COIN: “…we saw fears from some people that [ Bitcoin ETFs ] will cannibalize activity on our platform. And actually, it was completely the opposite…ETFs were new pools of capital”

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Jevgenijs Kazanins

@jevgenijs

8 months

That's a wrap!...and the best-performing Fintech stocks of 2023 are (drum roll): ✔️ Affirm $AFRM +408% ✔️ Coinbase $COIN +392% ✔️ MoneyLion $ML +236% ✔️ Upstart $UPST +209% ✔️ Inter $INTR +134% ✔️ Shopify $SHOP +124% ✔️ Paymentus $PAY +122% ✔️ SoFi $SOFI +115% ✔️ Nubank $NU +104%

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Jevgenijs Kazanins

@jevgenijs

7 months

Oh, **ck it. Here’s my thesis on SoFi $SOFI: ✔️ SoFi is a bank. Should report and be priced as a bank. “Contribution profit” is the most BS metric I have seen (try reconciling marketing expense) ✔️ “AWS for Fintech” is nonsense. JPMorgan is one of the largest payment processors

Jevgenijs Kazanins

@jevgenijs

7 months

@pranoy_tez SOFI is hard🤷🏻‍♂️ I love what they are doing, but if I put my thesis out I will get destroyed by SOFI bulls

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Jevgenijs Kazanins

@jevgenijs

3 months

Toast $TOST Investor Day: “We have a large opportunity to capture share in embedded finance, and it starts with Toast Capital. We’re also piloting a number of new embedded finance products, a banking solution, an insurance solution, a Bill Pay solution.”

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Jevgenijs Kazanins

@jevgenijs

1 year

PayPal $PYPL stock is trading at May 2018 levels, so I decided to look at the company's financials over the last 5 years 🧵

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Jevgenijs Kazanins

@jevgenijs

7 months

In Q3 2022, Square $SQ (stand-alone, excluding Cash App and Afterpay), generated almost twice as much gross profit as Toast $TOST, Shift4 $FOUR, and Lightspeed Commerce $LSPD combined ($708 mln vs. $360 mln). In Q3 2023, the ratio is down to 1.7x ($805 mln vs. $493 mln)

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Jevgenijs Kazanins

@jevgenijs

14 days

Block $SQ raises the full-year 2024 target...on pretty much every metric! Wow!

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Jevgenijs Kazanins

@jevgenijs

1 month

Affirm $AFRM is not just a lender, it’s also a network. The question is if it will become the next American Express $AXP, or the next Discover $DFS. And that’s what I want to explore in my next @PopularFintech essay.

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Jevgenijs Kazanins

@jevgenijs

4 months

Coinbase $COIN will report its Q1 2024 results on Thursday, May 2, 2024, after market close 👇🏻

Coinbase Announces Date of First Quarter 2024 Financial Results

Coinbase Global, Inc. (the “Company” or “Coinbase”) announced today that it will publish its first quarter 2024 shareholder letter, including financia

www.businesswire.com

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Jevgenijs Kazanins

@jevgenijs

14 days

Block $SQ Q2 2024 results 👇🏻

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Jevgenijs Kazanins

@jevgenijs

6 months

When will we see Coinbase Cards linked to Coinbase Wallets? You can get a card linked to your Coinbase account, so I’d assume Coinbase $COIN and Visa $V have already figured out how to link the two worlds.

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Jevgenijs Kazanins

@jevgenijs

1 month

In 2023, for every $1 spent with an American Express $AXP card, the company: + Earned 2.29% in merchant fees + Earned 0.50% in net card fees - Spent 1.05% on Card Member rewards - Spent 0.27% on Card Member services = 1.46%

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Jevgenijs Kazanins

@jevgenijs

5 months

Somehow missed Block's $SQ impressive progress with Cash App Borrow: "Cash App Borrow continued to drive momentum in 2023, originating $3.6 billion in short-term loans, up 74% year over year, while maintaining historical loss rates at less than 3% on average."

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Jevgenijs Kazanins

@jevgenijs

6 months

Coinbase $COIN minting its Q4 2023 earnings as an NFT is absolutely AWESOME!!!

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Jevgenijs Kazanins

@jevgenijs

6 months

“Pay with Coinbase is a payment option that enables merchants to accept Crypto payments directly from Coinbase’s 108+ million verified users.” The last number I’ve seen for Venmo was 90 million users. $COIN $PYPL

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Jevgenijs Kazanins

@jevgenijs

2 months

Throughout their history of being public companies, Shift4 $FOUR has always been more profitable, but Toast $TOST has always enjoyed a higher valuation. In today's @PopularFintech essay, I attempted to find the reason for this 👇🏻

Is Mr. Market wrong about Shift4?

Through their short history of being public companies, Shift4 has always been more profitable, but Toast has always enjoyed a higher valuation. What is the reason for that?

www.popularfintech.com

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Jevgenijs Kazanins

@jevgenijs

6 months

Here’s my biggest worry about PayPal’s $PYPL prospects: they are competing with founder-led companies that have strong engineering cultures (Stripe, Adyen, Shopify, Affirm, Klarna).

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Jevgenijs Kazanins

@jevgenijs

4 months

Finally some numbers on Venmo $PYPL: 60 million monthly active users, $18 billion of monthly inflows. This is comparable to Cash App’s $SQ 56 million actives and $63 billion in inflows in Q4 2023. Thank you, @acce !

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Jevgenijs Kazanins

@jevgenijs

4 months

In today’s @PopularFintech essay I wrote about Cash App Pay and why it is a big deal for Block $SQ. I believe Cash App Pay can fuel the next phase of Cash App’s growth 👇🏻

Why Cash App Pay is a big deal for Block

It's Cash App Pay, not lending, that will drive the next phase of Cash App's growth

www.popularfintech.com

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Jevgenijs Kazanins

@jevgenijs

8 months

There is one thing that this year’s leaders, Affirm $AFRM (+408%) and Coinbase $COIN (+392%), have in common: their CEOs, Max Levchin and Brian Armstrong, stood the ground in 2022, accepted losses and continued to push their companies towards their visions. Sounded bold when

Jevgenijs Kazanins

@jevgenijs

8 months

That's a wrap!...and the best-performing Fintech stocks of 2023 are (drum roll): ✔️ Affirm $AFRM +408% ✔️ Coinbase $COIN +392% ✔️ MoneyLion $ML +236% ✔️ Upstart $UPST +209% ✔️ Inter $INTR +134% ✔️ Shopify $SHOP +124% ✔️ Paymentus $PAY +122% ✔️ SoFi $SOFI +115% ✔️ Nubank $NU +104%

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Jevgenijs Kazanins

@jevgenijs

5 months

When will Coinbase stock $COIN de-peg from the price of Bitcoin? I mean, Coinbase in 2024 is a way different company than in 2022, but the stock still moves with Bitcoin.

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Jevgenijs Kazanins

@jevgenijs

2 months

Brands coming to Base? $COIN “Marking the brand's debut mint on Base, adidas is not only celebrating sports but also embracing a future where digital ownership and blockchain technology are accessible to everyone: adidas is Based”

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Jevgenijs Kazanins

@jevgenijs

3 months

Today’s @PopularFintech letter is my attempt to understand the opportunity behind Square Banking $SQ. Square is competing with the giants, Chase and American Express. It won’t be easy, but…wasn’t it the whole premise of Fintech, to replace the incumbents?

The opportunity behind Square Banking

Why did Square pick a fight with Chase and American Express?

www.popularfintech.com

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Jevgenijs Kazanins

@jevgenijs

6 months

Coinbase $COIN Q4 2023 earnings call: “We’ll also be investing in Coinbase Wallet. Crypto still needs to have its iPhone moment where decentralized protocols become easy to use for the average person, and we’re hoping we can help make that happen.”

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@jevgenijs

2 months

In 2023, Nubank $NU contributed 21% of Mastercard's $MA total payment volume in Latin America. How cool is that?!

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@jevgenijs

3 months

Coinbase $COIN delivered an almost identical quarter to Q1 2021 in terms of Net revenue ($1.6 billion) and Adjusted EBITDA ($1.1 billion vs. $1.0 billion). Can the company repeat (or beat) the other three quarters of 2021?

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@jevgenijs

2 months

Goldman Sachs didn’t kill LendingClub $LC, Apple didn’t kill Affirm $AFRM 💪🏻

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@jevgenijs

2 months

Taylor Lauber, Head of Strategy at Shift4 $FOUR: “We’re in 1/3 of the table service restaurants in the U.S. We’re in 40% of the hotels in the U.S. We’re in 75% of the stadiums in every sports league in the U.S….4 years ago we weren’t in a single stadium, 8 years ago we weren’t

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@jevgenijs

4 months

Nubank $NU partners with Wise $WISE on the launch of Global Accounts, which allow users to make balance conversions from Real to dollar and euro through the Nubank app 👇🏻

Nubank Ultravioleta announces the launch of a Global Account for customers

The product arrives with the lowest conversion rate in the segment and has exclusive benefits, including free internet abroad.

international.nubank.com.br

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@jevgenijs

4 months

Top U.S. banks according to Forbes 👇🏻 $COF $SOFI

Forbes

@Forbes

4 months

Meet The World’s Best Banks 2024 #WorldsBestBanks

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Jevgenijs Kazanins

@jevgenijs

7 months

I turned 42 today. Not a big fan of getting old(er), but super excited about what’s ahead!

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@jevgenijs

2 months

Totally missed Coinbase $COIN launching smart wallets…but those are amazing! Thank you @CoinbaseDuck for the hint!

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@jevgenijs

4 months

Today, my newsletter, @PopularFintech , reached the magic number of 1,000 subscribers. It took me 2+ years, 200+ emails, 2 pivots, and multiple attempts to quit. Let’s see, where the next 200 emails take me.

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@jevgenijs

3 months

Nubank $NU will report its Q1 2024 results tonight! Who's excited? 🙋🏻‍♂️

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@jevgenijs

8 months

So much for the "we don't need FICO, we have 10,000 data points"... FICO's $FICO revenue from its "Scores" segment quadrupled during the last decade 👇🏻

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@jevgenijs

5 months

Taking a snapshot of Coinbase $COIN price targets as of April 1, 2024. Let's see how many are revised after Coinbase reports its Q1 2024 results.

Jevgenijs Kazanins

@jevgenijs

5 months

Wall Street analysts expect Q1 to be the best quarter this year for Coinbase $COIN in terms of GAAP earnings per share 👇🏻

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@jevgenijs

6 months

In today's @PopularFintech essay, I profile two vertically integrated software businesses, Shopify $SHOP and Toast $TOST, and I try to answer a question if Toast has the same moat as Shopify 👇🏻

On the moat of vertically integrated software businesses

Shopify might be making most of its revenue from payments, but it's the software component of its business, the Shopify commerce platform that gives it the right to win. Does Toast have the same moat?

www.popularfintech.com

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Jevgenijs Kazanins

@jevgenijs

6 months

Block $SQ: "We believe the most direct opportunity for Cash App to drive meaningful top line growth is by converting our existing base of 56 million monthly transacting actives, who mostly use P2P and Cash App Card, into primary banking actives who deposit their paycheck into

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Jevgenijs Kazanins

@jevgenijs

6 months

Brian Armstrong is excited about the opportunity in payments. I understand a few things about payments, which makes me excited about following Coinbase’s $COIN journey in 2024🤗

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Jevgenijs Kazanins

@jevgenijs

3 months

Max Levchin $AFRM on Bloomberg’s ‘Phantom Debt” story: the entire “Pay in 4” industry was $50 billion last year, average life of a loan is 3 weeks, so $3 billion in outstanding debt….this compares to $1.1 trillion in credit card debt. “Are you worried about Phantom Debt?” 😂

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Jevgenijs Kazanins

@jevgenijs

3 months

Continue writing about Square's business banking opportunity. Here are a few data points on Square's $SQ sellers and Chase's $JPM business banking clients 👇🏻

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Jevgenijs Kazanins

@jevgenijs

1 month

Analysts continue thinking that Coinbase's $COIN revenue peaked in Q1 2024 🤷🏻‍♂️

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Jevgenijs Kazanins

@jevgenijs

15 days

Coinbase $COIN will report its Q2 2024 results today, after markets close. In June I wrote about Coinbase’s quest to diversity its revenue. Super excited to see how they progressed towards this goal! 👇🏻

Coinbase’s quest to stay profitable throughout cycles

When Coinbase went public, Brian Armstrong floated an idea that in 5-10 years half of the company's revenue would come from non-trading fees. The goal was to stay profitable in the next crypto winter.

www.popularfintech.com

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Jevgenijs Kazanins

@jevgenijs

8 months

Here is the summary of how PayPal $PYPL executive compensation is linked to performance of the company (will use CEO’s pay for 2022 to put each component into perspective): ✔️ Long-term incentive plan: Service-based RSUs ($12 mln), vested over three years ✔️ Long-term incentive

Jevgenijs Kazanins

@jevgenijs

8 months

Trying to understand performance targets set for PayPal $PYPL executives...Will post in the replies what I learn

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Jevgenijs Kazanins

@jevgenijs

2 months

Hm…how can Robinhood $HOOD pay 15% interest on USDC?!

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Jevgenijs Kazanins

@jevgenijs

5 months

Shift4 $FOUR is staying public!!! “The company received "multiple offers" above its current share price but its board determined that none adequately valued the business or its future”

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Jevgenijs Kazanins

@jevgenijs

7 months

In case you were wondering how access to the NFC chip on Apple devices (in the EU) might impact PayPal $PYPL. Here’s a data point: in 2022, 17% of PayPal’s revenue came from the EU

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Jevgenijs Kazanins

@jevgenijs

4 months

Wise $WISE Q4 FY24 Trading Update: ✔️ Active customers grew 29% YoY to 7.9 million, with the number of personal customers increasing 30% YoY to 7.5 million, and business customers increasing 16% YoY to 395k. ✔️ Revenue grew by 24% YoY to £277.2m. Cross-border volume increased 14%

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Jevgenijs Kazanins

@jevgenijs

16 days

Alex Chriss, PayPal $PYPL CEO: “Braintree is now meaningfully contributing to transaction margin dollar growth for the first time in over 2 years.”

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Jevgenijs Kazanins

@jevgenijs

7 months

In case you wondered how Visa $V makes money. Here's a breakdown of Visa's revenue for Fiscal 2023 (CY Q4 2022 - Q3 2023) 👇🏻

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Jevgenijs Kazanins

@jevgenijs

4 months

In case you, like me, wondered who’s the processor for the new Robinhood $HOOD Gold card. It’s Fiserv $FI 👇🏻

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Jevgenijs Kazanins

@jevgenijs

1 month

The largest credit, debit and prepaid card issuers in the U.S. (by purchase volume) $JPM $AXP $BAC $C $COF

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Jevgenijs Kazanins

@jevgenijs

6 months

Brian Armstrong on Coinbase $COIN Q4 2023 earnings call: “That’s how we see crypto evolving. First, as a new asset class; second, as a new set of financial services; and third, as a new application platform.”

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Jevgenijs Kazanins

@jevgenijs

6 months

Brian Armstrong just announced Coinbase $COIN Q1 2024 results. It's "beat and raise".

Brian Armstrong

@brian_armstrong

6 months

We are dealing with a LARGE surge of traffic - apologies for any issues you encounter. The team is working to remediate.

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Jevgenijs Kazanins

@jevgenijs

14 days

Brian Armstrong, Coinbase $COIN Q2 2024 earnings call: “The components are coming together for us to see more and more global transaction flow on crypto rails: ✔️ Layer 2s like Base enable 1 second, 1 cent global transactions and it's here today. ✔️ Stablecoins, like USDC,

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Jevgenijs Kazanins

@jevgenijs

2 months

“Brian says most exciting thing at company is Base” $COIN 👇🏻

Yano 🟪

@JasonYanowitz

2 months

5/ Good chat with @brian_armstrong and @CathieDWood - This is the biggest economic revolution of my life. This is just as big as AI, there will probably be a convergence of crypto and AI - Economic freedom underpins all global progress. We want to increase economic freedom

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Jevgenijs Kazanins

@jevgenijs

3 months

Jack Dorsey $SQ: “What makes us different is we’re willing to experiment more. We can be extremely flexible. Flexibility is important. Ability to try something, have it fail, learn from it, try something different…is something I don’t see from a lot of larger banks.”

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Jevgenijs Kazanins

@jevgenijs

2 months

I decided that for my next @PopularFintech article, I will explore why the market values Toast $TOST higher than Shift4 $FOUR. This question has been on my mind for a while. Any thoughts on the subject are appreciated!

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Jevgenijs Kazanins

@jevgenijs

8 months

JPMorgan $JPM: “Our competitors have not and cannot invest at the levels that we do, and these investments represent significant furure operating leverage for years to come” Cash App $SQ: “Hold my beer” (bypasses JPMorgan on active mobile users)

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Jevgenijs Kazanins

@jevgenijs

5 months

Researching debit card bank issuers. Who did I miss? ✔️ Cash App Card - Sutton Bank ✔️ Square Debit Card - Sutton Bank ✔️ Afterpay Plus Card - Sutton Bank ✔️ Klarna Card - Webbank ✔️ Chime Debit Card - The Bancorp Bank or Stride Bank ✔️ MoneyLion Debit Card - MetaBank ✔️ Dave

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