Customer & Application GrowthSustained, high single- to double-digit growth in applications, unique new customers and gross originations demonstrates durable product-market fit with merchants. Scale in originations and repeat customers supports long-term revenue expansion and strengthens commercial integrations with retail partners.
Return To Positive Adjusted EBITDAAchieving consecutive quarters of positive adjusted EBITDA indicates operating leverage and progress toward sustainable profitability. Improved operating margins provide a foundation to reinvest in product and sales, making future earnings less dependent solely on external funding if cash conversion improves.
Material Capital InfusionA committed $65M capital infusion that retired term debt and funded growth materially reduces immediate refinancing pressure and preserves access to originations capital. That durable funding support enables scaling merchant integrations and product investment while management executes growth initiatives.