VC @oakhcft. Helping early/ growth-stage founders build enduring companies in #FinTech and #Healthcare.
May 29, 2019 • 10 tweets • 5 min read
(1/10) The #payment#networks really are incredible businesses. Consider this: @Visa is used at nearly 55M merchant locations, has issued 3B+ cards and processes $11T worth of payments each year. It's current market cap is $355B.
(2/10) In fact, if we look at the stock performance of the 3 biggest payment networks in the US (@Mastercard, @Visa & @PayPal ) over the last 3 years vs FAANG or the S&P 500, they are absolutely crushing it: