Going down The clear reason for going down this path is that it has the possibility to unlock an untapped opportunity. For example, as shown below, In昀椀nicept estimates that there are this path ~20k software businesses in the U.S. that touch payments and over 200k worldwide. Moving beyond the core software solution will allow these providers to unlock additional unlocks a lines of revenue. massive payment adjacent software opportunity37 opportunity. In昀椀nicept estimates there are ~20k US software platforms that touch the payments function, and ~209k worldwide (segmented as outlined below), resulting in what it considers to be a ~$15b recurring revenue opportunity on a global basis. ISV ISV SaaS Additional products Recurring Tier population mix TAM +50% of annual TAM (thousands) % ($mm) opportunity/ISV ($mm) ($mm) Large & enterprise 21 10% $3,597 $1,799 $5,396 (revenue $50mm - >$250mm) Medium 42 20% $3,754 $1,877 $5,631 (revenue $10mm - >$50mm) Small & micro 146 70% $2,399 $1,200 $3,599 (revenue