Thread by @Stock_Opine

1/4 $PYPL Venmo

- doing almost $0.25 trillion of TPV
- close to 90 million active accounts of (55 million active monthly accounts)
- driving over $100 million of revenue every month
Dan Schulman, CEO
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➡️ A run rate revenue of $1.2B, i.e. 33% higher that 2021 revenue c$900M

2/4
- creating teen accounts -> addressable market for Venmo by some 20 million or 30 million incremental people.
- looking at international expansion there
Dan Schulman, CEO
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➡️ International expansion could be huge. Any incremental increase in TAM (teen accounts) is a bonus

3/4
“then obviously, we've got Pay with Venmo, Amazon. Amazon is 30% of U.S. e-commerce-ish, think about the number of merchants that we would have to sign up here in the U.S. to get that same scale for Pay with Venmo, it would be multiple, multiple millions.” Dan Schulman, CEO

4/4
➡️ Self explanatory and was one of the significant opportunities we noted in our deep dive. It shall be noted that $PYPL and $AMZN are working on the final technical issues.

Notes from Goldman Conference.

#investing #PayPal #Venmo #fintech #Wallet