Speaker 1: Bloomberg Audio Studios, podcasts, radio news. There's been plenty of
Speaker 1: announcements coming out about Agentic commerce and international expansion from
Speaker 1: a firm it's just been reporting yesterday at the company's
Speaker 1: twenty twenty six investor forum, the fintech company is laying
Speaker 1: out a bold roadmap to one hundred million dollars in
Speaker 1: annual volume. Look, CEO Max left and plans to say,
Speaker 1: joins us in New York and I'm sad I'm not
Speaker 1: their next to you, Max, but tell us about what
Speaker 1: you're in a I know too far, but I'm interested
Speaker 1: in what you told the investors, the analyst community in
Speaker 1: New York yesterday and for the next few days. How
Speaker 1: do you get to that sort of volume? Where are
Speaker 1: the growth factors?
Speaker 2: You know? The exciting thing is that literally everything we
Speaker 2: have been working towards is coming together and working incredibly well.
Speaker 2: We held a similar event three years ago and promised
Speaker 2: investors will get to fifty billion dollars of gross merchandise volume,
Speaker 2: our merchant sales that we power, and we will do
Speaker 2: so by maintaining while maintaining our profit margins within three
Speaker 2: and four percent, will grow at twenty percent per year
Speaker 2: or so that that was the story we told them
Speaker 2: three years ago. We've now come back. We're now basically
Speaker 2: that fifty billion dollar mark. You would expect us to
Speaker 2: slow down, but instead we told our investor based yesterday,
Speaker 2: we expect to grow twenty five percent compounding, so five
Speaker 2: points extra, and we intend to up the floor of
Speaker 2: our profitability from three to three point seventy five percent.
Speaker 2: So not only are we growing faster, not only are
Speaker 2: we reaching more consumers, more merchants, we intend to do
Speaker 2: this more profitably, and we feel it's just getting better
Speaker 2: and better for us. So that that's the that's the headline.
Speaker 2: And you know, I had a lot of conversations yesterday
Speaker 2: that seem to indicate that our investor is quite enjoying
Speaker 2: the news.
Speaker 3: Mac Max just very simply, why is a one hundred
Speaker 3: billion dollar volume target the right target? The right metric?
Speaker 3: When people try and understand a firm like you come
Speaker 3: the show often and we talk about the different offerings
Speaker 3: and some of the newer products that you're doing, this
Speaker 3: kind of north star or achievable goal. Probably to your mind,
Speaker 3: it's really interesting that you've set that as it you know.
Speaker 2: It is just a waypoint we have absolutely no intention
Speaker 2: of slowing down or stopping at one hundred is just
Speaker 2: another nice round number that we can set our sites to.
Speaker 2: But we do see an incredible market pull consumers already,
Speaker 2: they are coming to us. We are now seeing inbounds
Speaker 2: from consumers that have didn't discover us at the point
Speaker 2: of sale, which is the usual way, just signing up
Speaker 2: for firm, asking us to send them a card so
Speaker 2: they can transact everywhere. That's been a huge poll that's
Speaker 2: contributed to our growth tremendously. Merchants come to us saying
Speaker 2: I've seen your logo on my competitor sites. I know
Speaker 2: you're driving ten twenty percent more sales for them. You
Speaker 2: should do the same for us. Let us sign up,
Speaker 2: you should promote our sales events, tell us merchants in
Speaker 2: your app, because we're now reaching fifteen million monthly consumers
Speaker 2: and so on. So just the tremendous amount of we're
Speaker 2: finally a real scalable thing that every constitution cares about
Speaker 2: a lot is what gives us the confidence to go
Speaker 2: towards this new mouthstone and.
Speaker 1: Amos liked it, like obviously talking about the pending Industrial
Speaker 1: Bank chat, so that could be another strength area than
Speaker 1: the fact that you've got competitive advantage. But take us
Speaker 1: to the future and the agentic commerce and future. Because
Speaker 1: we talk about a lot on the show and you
Speaker 1: are already doing deals with Google. What does that look
Speaker 1: like in terms of how I'm going to be having
Speaker 1: a relationship with a firm going forward.
Speaker 2: I think it's going to be incredible. I cannot be
Speaker 2: more excited about this new AI powered future in many
Speaker 2: different pathsts as an engineer, as a coder, I love
Speaker 2: what we have today. As a consumer, as a buyer
Speaker 2: of complicated things, I love the help that AI provides
Speaker 2: me when I research the finer points of you know,
Speaker 2: whatever it is that I'm the matter now. A firm
Speaker 2: is a great tool of buying things that are meaningful
Speaker 2: that when it matters, that's when consumers come to us.
Speaker 2: They want anything from a bicycle to a couch to
Speaker 2: an espresso machine. During those moments, you want to know
Speaker 2: that the financing choice you're making has your back, that
Speaker 2: you're not going to get hit with some unexpected fees.
Speaker 2: You know exactly when you're going to start and stop
Speaker 2: with your payments. That's what we've built and agents just
Speaker 2: make it that much easier to bring to the end
Speaker 2: consumer and the brand we've built allows people to trust us.
Speaker 2: The fact that we're able to partner with LM providers
Speaker 2: allows us to be right there when consumers are searching
Speaker 2: and doing the research. So it's just an incredible incremental
Speaker 2: growth engine that we found.
Speaker 3: Max here again emphasizing the word built. You do that often.
Speaker 3: But how does quickly, Max left Chin think about M
Speaker 3: and A in a firm's future.
Speaker 2: You know, we've looked for years. We haven't found anything
Speaker 2: in the last few so never say never. But we
Speaker 2: have so much to do just with a team that
Speaker 2: we have. It's you know, when opportunities to come up, well,
Speaker 2: of course, look at them, but we're very focused on
Speaker 2: building affirms.
Speaker 3: Here, Max Leftchin back on bloom Bag Tech. Thank you
Speaker 3: very much for your time.