Plus, Monzo 2.5'x revenue, Marqeta acquires Power and Chainalysis data shows Crypto AML works better than TradFi AML
Much seems great. It's in a competitive market:
Stellarfi should be on you radar. Great team.
I’ve always looked at the product expansion from the lens of moving away from transactional revenue to software. Yet, as you point out Simon, the attach rates on many of the adjacent products isn’t great..
Also wonder just how closely Stripe will follow Adyen’s trajectory vis-a-vis revenue mix of card-present/CNP and operating leverage, as Jareau Wade has touched on: https://twitter.com/jkwade/status/1620423615345983495?s=46&t=d9GDSn5sG6GGtLN4sg6A1g
Great piece of food for thought!