Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Algosun Global

Equity Bottom-Up

<ul>
<li>Fintech unicorn could report strong earnings results for FY Q3 2022. Total revenue increased by 54% year-over-year, and net loss narrowed to ~$55M for the reporting period.</li>
<li>
<a href="https://www.smartkarma.com/entities/affirm-holdings" target="_blank" data-smartkarma-citation="entities:31038:1" rel="noopener">Affirm Holdings (AFRM US)</a>  closed a $500M revolving ABS deal and added $2.5B in new funding capacity from various partners. Total funding capacity was ~$9B, marking a 55% YoY increase.  </li>
<li>Sovereign wealth fund GIC Singapore acquired ~$126 million worth of <a href="https://www.smartkarma.com/entities/affirm-holdings" target="_blank" data-smartkarma-citation="entities:31038:1" rel="noopener">Affirm Holdings (AFRM US)</a>  shares in April at an average of <strong>$33.00</strong> per share.</li>
</ul>


Fintech unicorn could report strong earnings results for FY Q3 2022. Total revenue increased by 54% year-over-year, and net loss narrowed to ~$55M for the reporting period.

Affirm Holdings (AFRM US)  closed a $500M revolving ABS deal and added $2.5B in new funding capacity from various partners. Total funding capacity was ~$9B, marking a 55% YoY increase.  
Sovereign wealth fund GIC Singapore acquired ~$126 million worth of Affirm Holdings (AFRM US)  shares in April at an average of $33.00 per share.


Affirm Raises Outlook For FY 2022: No Changes In Bullish Narrative

Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>Forage is making it easier for merchants and platforms to accept SNAP EBT - more commonly known as food stamps - online.</li><li>Forage has automated the process. A BRD can be done in five to seven days.</li><li>Covid-19 led to a big push for online grocery shopping. In the past year alone, EBT grew by 60%.</li></ul>

Forage is making it easier for merchants and platforms to accept SNAP EBT - more commonly known as food stamps - online.Forage has automated the process. A BRD can be done in five to seven days.Covid-19 led to a big push for online grocery shopping. In the past year alone, EBT grew by 60%.

Justin Intal, CEO Of Forage, On Helping Online Grocery Platforms Process EBT

<ul><li>The cross-border market is the largest.</li><li>Every year, twenty million migrants travel across the world to different countries, and there is a lot of cross-border activity.</li><li>Currently, we are looking at different products for different customer segments.</li></ul>

The cross-border market is the largest.Every year, twenty million migrants travel across the world to different countries, and there is a lot of cross-border activity.Currently, we are looking at different products for different customer segments.

Raghunandan G, CEO Of Zolve, On cross-border Banking In India

<ul><li>I think QuickBooks and Xero are excellent tools, and they integrate well with other companies.</li><li>Right now, Pry doesn’t offer this sort of “budget and it ties to your card” reconciliation yet.</li><li>Our mission at inDinero was to automate the CFO, and it&#39;s in some sense still here with me at Pry.</li></ul>

I think QuickBooks and Xero are excellent tools, and they integrate well with other companies.Right now, Pry doesn’t offer this sort of “budget and it ties to your card” reconciliation yet.Our mission at inDinero was to automate the CFO, and it&#39;s in some sense still here with me at Pry.

Andy Su, co-founder Of Pry, On Building The "Figma Of Finance"

<ul><li>We are a developer-first card issuance platform.</li><li>We want to make it easy for companies to try and experiment – we needed to make sure that there would be no hurdle to signing up on our website.</li><li>In the issuing world, the developer-first concept is still new.</li></ul>

We are a developer-first card issuance platform.We want to make it easy for companies to try and experiment – we needed to make sure that there would be no hurdle to signing up on our website.In the issuing world, the developer-first concept is still new.

Meg Nakamura, co-founder And CEO Of Apto, On Winning Underserved Markets With Card Issuing

United States

Stripe, Inc. provides payment software services and solutions. The Company designs and produces software to process online credit and debit card payments. Stripe serves customers worldwide.

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Stripe (0170016D US)

Affirm Raises Outlook For FY 2022: No Changes In Bullish Narrative

We are moving our price target to $70.00 from $76.00, which we believe is fair and conservative. We model total revenue rising to ~$1.98B in FY’23,...

Andrei Zakharov

Justin Intal, CEO Of Forage, On Helping Online Grocery Platforms Process EBT

Sacra interview with Justin Intal, CEO and co-founder of Forage.

Sacra

Raghunandan G, CEO Of Zolve, On cross-border Banking In India

Sacra interview with Raghunandan G, the CEO of Zolve.

Sacra

Andy Su, co-founder Of Pry, On Building The "Figma Of Finance"

Sacra interview with Andy Su, the co-founder and CEO of Pry.

Sacra

Meg Nakamura, co-founder And CEO Of Apto, On Winning Underserved Markets With Card Issuing

Sacra's interview with Meg Nakamura, co-founder and CEO of startup card issuer Apto Payments.

Sacra

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