Could someone who has followed the company longer than I have please explain why they are more of a "Blue Chip" now and growth is slowing down? I get that, empirically this is what's happening and customer have been growing high single digits before the pandemic and less than that ever since.
Why is that? From what I understand they've really only penetrated the non Catholic segment of the US market so far. What about the Catholic subsegment? What about Scientology? (Ok maybe not)
But what about non US? What about LatAm in particular? Or Europe? Are there large established competitors in these geographies/subsegments or do Pushpay just have their hands full squeezing the last juice out the US non Catholics subsegment?
The opportunity to cross sell more product to the existing client base is still a nice one, I guess I just don't quite understand the market well enough to understand why they're not aggressively going after other subsegments and geographies. Thoughts?
Ann: Trading Halt, page-49
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