EXPANSION

Payroll is just the door. Once we're running payroll, we can offer benefits, retirement plans, financial wellness — everything an employee needs in one place.

We launched corporate cards because we realized our payroll system already knew every employee and their spending policies. The data was already there — we just built a card.

We're going into sports betting, trading cards, and ticketing. People say we're spreading too thin. I say we're the only company that has a direct relationship with every fan. That's the platform.

Everyone said we were just a hair loss company. Then we added skincare. Then mental health. Then sexual health for women. Now we have 1.5 million subscribers. Still just a hair loss company?

We started with payments. Now we do insurance, mutual funds, lending, and stock broking. Payments is the gateway drug. Once you have 500 million users making payments, you can sell them anything financial.

We acquired Penta in Germany. A French fintech buying a German fintech. Five years ago that would have been unthinkable. Europe's fintech ecosystem is finally acting like one market.

We started with payment gateway. Then payroll. Then lending. Then banking. Every product we launch makes the others stickier. The platform play is working. Churn is nearly zero.

We expanded from sneakers to streetwear, electronics, collectibles, and trading cards. Anything with a resale market and a counterfeiting problem. That's a surprisingly large number of things.

The hardest part of fintech in Southeast Asia is not the technology. It is regulation. Every country has different rules, different licenses, different banking systems. You have to go country by country.

We follow e-commerce wherever it goes. TikTok Shop launches in a new country, we are there within months.

We are in 50 countries because we went where Uber was not. Eastern Europe, Africa, the Middle East. The underserved markets are the biggest opportunities.

Real estate got us started. But buildings are buildings. Factories need digital twins. Hotels need virtual tours. Construction sites need documentation.

Colombia is where we started. Latin America is where we are going. Six hundred million people deserve better delivery infrastructure.

We raised 1.8 billion dollars to deliver groceries in 10 minutes. It works in Istanbul. It does not work in London.

We started in Africa because the need was greatest. Now we're bringing the same technology to American suburbs.

Every business with recurring revenue — SaaS, streaming, insurance — can use Pipe. The market is massive.

Expanding to Spain and Belgium proved our model works beyond France. Next: all of Europe.

iPhone chargers in 10 minutes. Birthday cakes in 10 minutes. We're not a grocery app anymore.

iFood isn't just food delivery anymore. It's payments, it's corporate meals, it's groceries.

You will have more ships with the U.S. flag as we move forward, and you can count on us to do as much as we can.

We launched in the Philippines next. Same playbook: kiosks in stores, free banking, simple app. The model works wherever traditional banks overcharge and underserve.

Do not expand into a market where you cannot be the best operator within five years. If you cannot be the best, do not enter.

My father built one mountain. My job was to take Genting to the world.

Las Vegas is the hardest market in the world. That is exactly why we wanted to be there.

The new capital will be used to grow our services in Japan and to expand into the United States and Europe.