26 facts read through Player Driven’s 9-pillar lens · 12 awaiting tag
clover_revenue_target_2026_usd_bn · merchant acquiring“targeted ~$4.5b in revenue in 2026 (implied ~29-30% YoY growth in 2026)”
vizypay_revenue_2024_usd_mm · payments“increasing its revenue by ~$3mm in 2024 to ~$24mm”
vizypay_revenue_2025e_usd_mm · payments“with expectations for ~$27mm in revenue in 2025”
cash_app_banking_services_revenue_tam_usd_bn · mobile“we calculate a revenue TAM ~$54b for banking services”
cash_app_banking_arpu_usd · mobile“with an ARPU of ~$405”
flywire_cross_border_revenue_pct_education · US · payments · education“~75% of revenue is from the cross-border business (~$82.5mm or ~17% of Flywire total RLAS)”
flywire_cross_border_education_revenue_2024_usd_mm · US · payments · education“~$82.5mm or ~17% of Flywire total RLAS”
flywire_first_year_student_revenue_pct_cross_border · US · payments · education“~50% of revenue is associated with first year students (~$40mm)”
flywire_first_year_revenue_indian_chinese_pct · US · payments · education“roughly half are Indian and Chinese students (i.e., ~$20mm of the ~$40mm)”
cash_app_addressable_population_us_mm · US · mobile“we arrived at ~134mm individuals in the US that we believe are theoretically more addressable by Cash App's banking services”
clover_yoy_growth_2026_pct · merchant acquiring“implied ~29-30% YoY growth in 2026”
clover_gpv_growth_2026e_pct · merchant acquiring“base case ~13% 2026E”
flywire_us_education_revenue_rlas_pct_2024 · US · payments · education“~23% of its revenue less ancillary services (RLAS) in 2024 was from its US education market”
flywire_us_education_revenue_2024_usd_mm · US · payments · education“Of that ~23% or ~$110mm”
vizypay_payments_processed_2024_mm · payments“In 2024, VizyPay processed over 39mm payments equating to ~$2.1b”
vizypay_gpv_2024_usd_bn · payments“equating to ~$2.1b”
vizypay_clover_investment_usd_mm · payments“VizyPay has invested over $1.3mm in Clover terminals and hardware to date”
vizypay_clover_gross_location_add_pct · payments“~20% of VizyPay's gross location adds purchasing Clover”
cash_app_mau_mm · mobile“Cash App's scale recently reaching ~57mm monthly active users (MAUs)”
cash_app_gross_profit_pct_block · mobile“Cash App now makes up ~60% of total company gross profit (including Afterpay)”
cash_app_banking_gross_profit_tam_usd_bn · mobile“gross profit TAM ~$50b (~50% from current products and ~50% from potential products)”
cash_app_banking_gppu_usd · mobile“with an average GPPU of ~$370”
cash_app_pay_mau_december_2023_mm · mobile“Cash App Pay monthly actives exceeded 3mm users as of December”
cash_app_pay_volume_december_2023_usd_bn · mobile“~$2.5b of annualized volume (vs. ~$1.35b as of September)”
cash_app_pay_volume_tam_usd_bn · mobile“Cash App Pay has a volume TAM of ~$270b”
cash_app_pay_gross_profit_tam_usd_bn · mobile“gross profit TAM of ~$3.5b”