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    Patrick Ennis

    former Research Analyst at Credit Suisse

    Patrick Ennis is a former Research Analyst at Credit Suisse Securities (USA) LLC, where he specialized in equity research with coverage including fintech and payments companies such as Alibaba, Binance, Coinbase, Crypto.com, Farfetch, Grab, Klarna, Pizza Hut, Sony, and Wise. During his tenure from 2022 to 2023, Ennis contributed to research reports that informed institutional investment in the rapidly evolving digital payments and eCommerce sector, though published rankings or performance metrics are not publicly available. Prior to Credit Suisse, he held associate roles at UBS and TFA Capital, beginning his finance career after completing his undergraduate studies. Ennis’s professional credentials are not fully listed in public sources, and no FINRA license or securities registration details could be conclusively verified.

    Patrick Ennis's questions to Repay Holdings (RPAY) leadership

    Patrick Ennis's questions to Repay Holdings (RPAY) leadership • Q3 2024

    Question

    Patrick Ennis asked about the float revenue associated with settlement accounts, specifically inquiring who typically earns that income (Repay or its sponsor bank) and whether it is a factor in negotiating sponsor bank fees.

    Answer

    CFO Tim Murphy clarified that Repay does not currently earn float revenue. He explained that the funds are held in what are essentially merchant accounts with a delayed settlement, and therefore Repay holds the cash but does not earn interest on it. He stated that sponsor bank fees, which flow through cost of goods sold, are a separate discussion. However, he did mention that evaluating opportunities to generate float revenue is something the company could consider in the future.

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    Patrick Ennis's questions to Flywire (FLYW) leadership

    Patrick Ennis's questions to Flywire (FLYW) leadership • Q3 2024

    Question

    Patrick Ennis, on behalf of Tim Chiodo, requested an update on the WPM acquisition integration in the U.K. and asked if the remaining opportunity there is now primarily on the domestic education payment side.

    Answer

    President and COO Rob Orgel clarified that the WPM acquisition provided a client base, but growth has been driven by implementing Flywire's own cross-border and, increasingly, domestic payment capabilities. He stated that of the U.K. growth in the quarter, roughly two-thirds came from existing clients and one-third from new ones, indicating a substantial runway remains for both new client acquisition and cross-selling domestic solutions.

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