Earnings4Q revenues grew 9% to $204.5M, driven by TPV growth of 51%, and gross profit grew 20% to $83.7M, modestly beating expectations.
Geographic GrowthEgypt, Africa and smaller Latam countries should continue to be major drivers of TPV and large FX spreads should boost gross profit contribution.
Market ExpansionManagement reiterated the attractive growth opportunity from digitalization of consumption in EM, potential to gain share of wallet, and expand with merchants to new markets and products.