Just pulled the day of month data on
@crediblefin
August first 9 days volume is already at $36.9M, which is 14× July’s first 9D and 6.4x the first 9D of May, June and July combined ($5.78M)
Lifetime cumulative is already at $991M so $1B is just one settlement away.
This is a strong crossborder payments business printing actual revenue at ~20bps. August seems to be accelerating before the normal big settlement window and while the China corridor is still offline.
All of this at ~$13.5M mcap. $CRED looks undervalued to me.
h/t to
@artemis for the data