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- [00:00]
Indiana University Announcer
Indiana University strengthens tomorrow's workforce with practical real world experience. IU grads make a difference in your community, serving as teachers, nurses and engineers who rise to tomorrow's challenges and meet them. Learn more at iu. Edu Impact
- [00:20]
Bloomberg Host
Bloomberg Audio Studios Podcasts Radio News there's been plenty of announcements coming out about agentic commerce and international expansion from a firm it's just reporting yesterday at the company's 2026 investor forum. The fintech company is laying out a bold roadmap to $100 billion in annual volume. Look, CEO Max Levchin, I'm pleased to say, joins us in New York and I'm sad I'm not there next to you, Max, but tell us about what you're. I know, I know too far but I'm interested in what you told the investors, the analyst community in New York yesterday and for the next few days. How do you get to that sort of volume? Where are the growth factors?
- [00:59]
Max Levchin
You know the exciting thing is that literally everything we have been working towards is coming together and working incredibly well. We held a similar event three years ago and promised investors we'll get to $50 billion of gross merchandise volume, our merchant sales that we power and we will do so by maintaining, while maintaining our profit margins between 3 and 4%. We will grow at 20% per year or so. That was the story we told them three years ago. We've now come back. We are now basically that $50 billion mark you would expect us to SL but instead we told our investor base yesterday we expect to grow 25% compounding so 5 points extra and we intend to up the floor of our profitability from 3 to 3.75%. So not only are we growing faster, not only are we reaching more consumers, more merchants, we intend to do this more profitably and we feel it's, it's just getting better and better for us. So that, that's the, that's the headline and you know, a lot of conversations yesterday that seem to indicate that our investors are quite enjoying the news.
- [02:00]
Bloomberg Interviewer
Max, just very simply, why is a hundred billion dollar volume target the right target, the right metric when people try and understand a firm like you come the show often and we talk about the different offerings and some of the newer products that you're doing this kind of North Star or achievable goal probably to your mind it's really interesting that you've set that as it, you know,
- [02:21]
Max Levchin
it is just a waypoint. We have absolutely no intention of slowing down or stopping at 100 is just another nice round number that we can set our sights to. But we do see an incredible market pull. Consumers are ready. They are coming us. We are now seeing inbounds from consumers that have didn't discover us at the point of sale which is the usual way just signing up for a firm asking us to send them a card so they can transact everywhere. That's been a huge pull that's contributed to our growth tremendously. Merchants come to us saying I've seen your logo on my competitors sites. I know you're driving 10, 20% more sales for them. You should do the same for us. Let us sign up. You should promote our sales events Telus merchants in your app because we're now reaching 15 million monthly consumers and so on. So just the tremendous amount of we're finally a real scalable thing that every constituent cares about a lot is what gives us the confidence to, to go towards this new milestone.
- [03:14]
Bloomberg Host
Analysts liked it like RBC talking about the pending industrial bank charter. That could be another strength area that the fact that you've got competitive advantage. But take us to the future and the agentic commerce future because we talk about it a lot on the show and you are already doing deals with Google. What does that look like in terms of how I'm going to be having a relationship with a firm going forward?
- [03:34]
Max Levchin
I think it's going to be incredible. I cannot be more excited about this new AI powered future in many different facets. As an engineer, as a, as a coder, I love what we have today. As a consumer, as a buyer of complicated things, I love the help that it provides me when I research the finer points of, you know, whatever it is that I'm after now. A firm is a great tool of buying things that are meaningful when it matters. That's when consumers come to us. They want anything from a bicycle to a couch to an espresso machine. During those moments you want to know that the financing choice you're making has your back, that you're not going to get hit with some unexpected fees. You know exactly when you're going to start and stop with your payments. That's what we've built and agents just make it that much easier to bring to the end consumer. And the brand we've built allows people to trust us. The fact that we're able to partner with LLM providers allows us to be right there when consumers are searching and doing the research. So it's just an incredible incremental growth engine that we found.
- [04:34]
Bloomberg Interviewer
Max, you're again emphasizing the built. You do that often. But how does Quickly Max left Chin Think about M and A in a firm's future.
- [04:42]
Max Levchin
You know, we've looked for years. We haven't found anything in the last few. So never say never. But we have so much to do just with the team that we have. It's, you know, when opportunities come up, we'll of course look at them, but we're very focused on building the firm.
- [04:56]
Bloomberg Interviewer
CEO Max Levchin back on Bloomberg Tech thank you very much for your time.
- [04:59]
Indiana University Announcer
Preparing for tomorrow's careers requires forward thinking education. Indiana University graduates are degrees above the competition, building on strong foundations to create new possibilities that make a difference where you live. From teachers and nurses strengthening communities to engineers advancing microchip research, Indiana University is investing in tomorrow's workforce through career ready training. Learn how IU is driving economic growth at iu. Edu Impact A business gift should do more than check a box. It should reflect your brand and show someone they're appreciated, recognized and truly seen. 4imprint offers thousands of high quality customizable products like premium apparel, drinkware, tech and more, making it easy to create a gift that feels meaningful and on brand. And with 4imprint's expert support and their 360 degree guarantee, you can be 4imprint certain your order will arrive exactly as intended. Explore gifting with confidence at 4imprint.com 4imprint for certain.