Robust Merchant Partnerships and Revenue Growth in CLA

3 days ago

Parkev Tatevosian, CFA

"CLA's already signed some major merchants and four of the top five in fact in the US work with CLA including eBay and Walmart. So these are huge retailers that generate billions of dollars in sales. Walmart approaching 700 billion in sales. And so working with CLA offers them the access to all of their customers. So revenue in the most recently completed quarter grew to over 800 million and they have 20% growth in revenue on a like forlike basis. Transaction margin dollars before provisions for credit losses grew 19% year-over-year on a like forlike basis which was an 8 point acceleration."

The speaker outlines CLA's strong merchant partnerships and significant revenue growth, underlining the company's ability to leverage high-profile retailers to drive a virtuous cycle of customer acquisition and enhanced transaction margins.

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