Marwan Forsley
๐ค SpeakerAppearances Over Time
Podcast Appearances
About $120 million so far.
Yeah, I mean, this is a very heavy infrastructure play.
You've got to have licenses.
You've got to have fairly heavy-duty technology that you need to build to automate payment processing in multiple countries.
You've got to plug into accounting systems all around the world.
You've got to have fraud and risk and security.
So there's a big build here, and that build is not cheap to do.
And so it requires infrastructure.
And when you have infrastructure you're building out, you've got to have capital you raise to do that.
We did that last year, August last year.
That's a really good question.
We announced actually today a relationship with Repay, where Repay is a public company.
And we're teaming up with them to do cross-border payments for them.
And we're working with them on issuing cards.
And they decided to invest money in the company.
So strategics kind of come in all the time and part of that.
there's investments.
So that's one that happened today.
It's classical venture cycles in terms of dilution.
Well, Goldman led my series B, a strategic round.