Financial Data and Key Metrics Changes - Adjusted revenue increased by 21% year-over-year, while adjusted EBITDA declined by 17%, which was better than internal projections [4][16] - Non-GAAP revenue is expected to be between $2 billion and $2.1 billion, with adjusted EBITDA guidance raised to $165 million to $175 million [26][27] Business Line Data and Key Metrics Changes - B2B segment revenue grew over 30%, driven by a significant BaaS partner and overall growth in the BaaS portfolio [17] - Money Movement segment revenue grew year-over-year, with margins improving due to better-than-expected loss rates on taxpayer advance programs [20][22] - Consumer Services segment revenue is projected to decline in the low double digits, but declines in active accounts have moderated compared to previous years [23][28] Market Data and Key Metrics Changes - The embedded finance market is experiencing robust growth, with 94% of surveyed companies planning to increase spending on embedded finance [15] - The partnership with Stripe is expected to open up significant opportunities in the SMB market, which is a new area of focus for the company [12][30] Company Strategy and Development Direction - The company is focused on strengthening its revenue engine by signing new partners and investing in infrastructure for sustainable long-term growth [5][6] - The strategic review is ongoing, with updates to be provided as appropriate [4] - The exit from Shanghai operations is part of a strategy to optimize platforms and reduce operational risks [5][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth of the B2B segment and the potential of the embedded finance market [29][36] - The company is optimistic about the upcoming launches and partnerships, which are expected to drive future growth [30][31] - Management acknowledged ongoing challenges in the Consumer segment but remains committed to enhancing customer engagement and retention [24][28] Other Important Information - The company is implementing an internal project called Project 30 to reduce onboarding times for new partners [46][47] - A new restructuring line item on the GAAP P&L reflects costs associated with exiting the Shanghai operation [25] Q&A Session Summary Question: What is driving the strong demand for embedded finance? - Management indicated that companies are increasingly viewing embedded finance as a strategic imperative to deepen customer relationships and monetize them [39][40] Question: Can you discuss the timeline to revenue from new signings and onboardings? - The timeline for implementation varies, generally taking six to eight months, with efforts underway to reduce this to 30 days [42][46] Question: How is the company focusing its efforts on embedded finance? - The focus is on targeting large brands with significant customer bases, while also exploring mid-market opportunities as onboarding times are reduced [53][54] Question: What impacts are expected from partnerships with Workday and Stripe? - The integration with Workday is expected to facilitate access to a larger number of employers, while the partnership with Stripe is anticipated to significantly enhance cash deposit services [55][57]

Financial Data and Key Metrics Changes - Adjusted revenue increased by 21% year-over-year, while adjusted EBITDA declined by 17%, although the decline was less than anticipated due to high-margin revenue growth and expense management [4][17][29] - Non-GAAP revenue is expected to be between $2 billion and $2.1 billion, with adjusted EBITDA projected at $165 million to $175 million, an increase from previous guidance [29][30] Business Line Data and Key Metrics Changes - The B2B segment, particularly the BAS channel powered by the ARK platform, saw revenue growth of over 30%, driven by significant partners and increased active accounts [17][18] - The rapid employer services channel faced challenges with revenue declines due to fewer active accounts, but there is optimism regarding earned wage access (EWA) due to its larger potential market [19][20] - The Money Movement segment experienced revenue growth in tax processing, while cash transfer volumes declined due to lower transactions in the consumer segment [22][23] Market Data and Key Metrics Changes - The consumer segment continues to face challenges, with revenue projected to decline in the low double digits, although declines in active accounts have moderated compared to previous years [25][30] - The financial service center (FSC) channel is viewed as an attractive opportunity, with new partnerships expected to drive account growth [9][10] Company Strategy and Development Direction - The company is focused on strengthening its revenue engine by signing new partners and investing in infrastructure to support sustainable long-term growth [5][6] - The exit from Shanghai operations is part of a strategy to optimize platforms and reduce operational risks [5][28] - The company is prioritizing embedded finance as a key growth driver, with a strong pipeline of new partnerships and product launches [15][38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth of the B2B segment and the embedded finance market, highlighting a backlog of partners to launch [32][38] - There is an expectation of continued challenges in the consumer segment, but new partnerships and product launches are anticipated to moderate declines [34][37] Other Important Information - The company has initiated an internal project called Project 30 to reduce implementation times for new partners, aiming for a 30-day timeline for technical implementation [45][48] - A new restructuring line item in the GAAP P&L reflects costs associated with exiting the Shanghai operation [28] Q&A Session Summary Question: What is driving the strong demand for embedded finance? - Management noted that companies are increasingly interested in integrating embedded finance solutions to deepen customer relationships and monetize them, which is generating demand [40][41] Question: What is the timeline to revenue from new signings and onboardings? - The timeline varies, generally ranging from six to twelve months for revenue ramp-up, with efforts to shorten onboarding times through Project 30 [42][43][45] Question: How is the company focusing its efforts in the embedded finance market? - The focus is on targeting large brands with significant customer bases and reducing onboarding times to pursue mid-market customers in the future [47][48] Question: What impacts are expected from partnerships with Workday and Stripe? - The integration with Workday is expected to facilitate access to a larger number of employers, while the partnership with Stripe aims to enhance cash deposit services for SMB customers [49][50]

Core Points - Interfield Global Software Inc. has announced the delisting of its common shares from the Cboe Canada Exchange as of May 12, 2025, while remaining a reporting issuer in Alberta, British Columbia, and Ontario, and is working towards listing on the Canadian Securities Exchange [1] - The company is experiencing delays in filing its annual audited financial statements and interim financial reports due to additional time required by auditors, leading to a cease trade order issued by the British Columbia Securities Commission [2][3] - The company is making progress on its joint venture with Abhi Fintech Ltd., with the term of their memorandum of understanding extended until October 31, 2025 [5] Company Overview - Interfield Global Software Inc. operates through its wholly owned subsidiary, Interfield Software Solutions LLC, based in Dubai, U.A.E. [7] - Interfield Solutions provides services across various industrial segments, including oil and gas, mining, and renewables, with two main divisions: E-commerce and Software as a Service [8] - The flagship product of the E-commerce division is Equipment Hound, an industrial equipment marketplace, while the Software as a Service division's flagship product is ToolSuite, a cloud-based data collection and management platform [8] Joint Venture Details - Abhi Fintech Ltd. is recognized as one of the Future 100 companies in the UAE and has received the Technology Pioneer 2023 Award from the World Economic Forum [6] - Abhi offers a range of products and services, including earned wage access, payroll solutions, and SME financing [6]