Core Insights - dLocal Ltd is set to significantly strengthen its presence in Asia starting in 2026, viewing the continent as a critical area for long-term expansion [1][2] - The initiative is described as a multi-year endeavor, with 2026 marking the year the company commits to treating Asia as a strategic priority [2] - The company plans to enhance its operational capabilities, including sales teams, regulatory licenses, and infrastructure to support cross-border transactions [2][4] Company Strategy - Currently, dLocal operates in select Asian markets, facilitating local payment methods for international enterprises, allowing them to reach billions of consumers [3] - While Latin America remains the primary market, Asia has been contributing a growing share of revenue, indicating successful diversification [4] - To support deeper market penetration, dLocal plans to recruit dozens of new employees, including high-level executives [4] Industry Trends - The strategy aligns with the e-commerce boom in emerging Asia, driven by digital adoption and a large consumer base, creating demand for localized payment solutions [5] - dLocal's platform addresses the complexities of operating in emerging economies, where fragmented payment landscapes and regulatory challenges exist [5] - By focusing on Asia, the company aims to capitalize on untapped potential and enhance service delivery for merchants entering the region [6]

Core Insights - Adyen has set new financial objectives focused on profitability and revenue growth, identifying a significant long-term opportunity to gain market share in a rapidly growing industry [1][2] Financial Objectives - From 2026 onwards, Adyen anticipates approximately 20% annual net revenue growth, with updates to this objective as business opportunities become clearer [2] - The company maintains a forecast for annual net revenue growth in the low- to mid-twenties percentage range leading up to 2026 [2] - By 2028, Adyen aims to achieve an EBITDA margin exceeding 55% [2] Capital Expenditure and Strategy - Planned capital expenditure will be capped at 5% of net revenue [3] - The CFO emphasized the importance of staying close to customers and disciplined execution to expand market share in a fast-growing market [3] Competitive Positioning - Adyen is gaining ground against American rivals by expanding operations in North America and Asia, contrasting with challenges faced by European firms like Worldline and Nexi [3] - The company competes effectively with major US payments companies such as PayPal and Stripe, leveraging its payments platform and a pricing structure that favors higher transaction volumes with lower fees [4]

Industry Overview - Financial technology (fintech) is a transformative investment space merging finance and technology, offering services like online banking, peer-to-peer payments, insurance, cryptocurrency, and cybersecurity [1] - The fintech space is expected to benefit from expanding transaction volumes due to the widespread adoption of digital means, accelerated by the pandemic [2] - The innovative nature of fintech positions it favorably in the evolving financial landscape, with significant growth potential driven by mobile and broadband network expansion [3] Catalysts for Growth - Consumer behavior is shifting towards digital platforms, driven by convenience and cost-effectiveness, which supports fintech's adaptability to changing technological needs [3] - The rise of artificial intelligence (AI) and machine learning is revolutionizing banking, payments, and investments, providing efficient and secure financial solutions [4] Company Highlights BILL Holdings Inc. (BILL) - BILL primarily serves small and medium businesses (SMB) with its AI-enabled financial software platform, benefiting from an expanding clientele and diversified business model [7] - Expected revenue and earnings growth rates for BILL are 13.7% and 11.2%, respectively, for the next year, with a Zacks Consensus Estimate for next-year earnings improving by 5.6% in the last 60 days [10] ACI Worldwide Inc. (ACIW) - ACIW develops software products for facilitating digital payments, powering electronic payments for over 5,000 organizations globally, executing $14 trillion in payments daily [12][13] - Expected revenue and earnings growth rates for ACIW are 7.1% and 7.2%, respectively, for the current year, with a Zacks Consensus Estimate for current-year earnings improving by 1.1% in the last 60 days [13] Shift4 Payments Inc. (FOUR) - Shift4 Payments provides software and payment processing solutions, offering omni-channel card acceptance and processing across multiple payment types [14] - Expected revenue and earnings growth rates for FOUR are 26% and 43.4%, respectively, for the current year, with a Zacks Consensus Estimate for current-year earnings improving by 17.2% in the last 60 days [16] OppFi Inc. (OPFI) - OppFi operates as a specialty finance platform for community banks, providing access to credit for consumers turned away by mainstream options [17] - Expected revenue and earnings growth rates for OPFI are 10% and 29.5%, respectively, for the current year, with a Zacks Consensus Estimate for current-year earnings improving by 15% in the last 60 days [18] StoneCo Ltd. (STNE) - StoneCo is a leading provider of point-of-sale payment processing services, empowering businesses to accept various payment methods and manage accounts [20] - Expected revenue and earnings growth rates for STNE are 10.9% and 4.4%, respectively, for the current year, with a Zacks Consensus Estimate for current-year earnings improving by 11.9% in the last 60 days [21]