{"id":1226,"date":"2022-03-10T22:04:01","date_gmt":"2022-03-10T13:04:01","guid":{"rendered":"https:\/\/1up-life.blog\/?p=1226"},"modified":"2022-03-10T22:04:01","modified_gmt":"2022-03-10T13:04:01","slug":"%e3%80%90%e7%bf%bb%e8%a8%b3%e3%80%91%e3%83%9e%e3%83%ab%e3%82%b1%e3%82%bf-nsdqmq-2021%e5%b9%b4%e7%ac%ac4%e5%9b%9b%e5%8d%8a%e6%9c%9f%e6%b1%ba%e7%ae%97%e8%aa%ac%e6%98%8e%e4%bc%9a","status":"publish","type":"post","link":"https:\/\/1up-life.blog\/?p=1226","title":{"rendered":"\u3010\u7ffb\u8a33\u3011\u30de\u30eb\u30b1\u30bf ( NSDQ:MQ )2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a"},"content":{"rendered":"<p>\u30de\u30eb\u30b1\u30bf ( NSDQ:MQ )2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002<\/p>\n<p>\u826f\u3044\u6c7a\u7b97\u3067\u682a\u4fa1\u3082\u6025\u9a30\u3057\u3066\u307e\u3059\u304c\u3044\u307e\u307e\u3067\u4e0b\u304c\u3063\u3066\u3044\u305f\u5206\u5c11\u3057\u623b\u3057\u305f\u7a0b\u5ea6\u306b\u3057\u304b\u306a\u3089\u306a\u3044\u306e\u3067\u53b3\u3057\u3044\u3067\u3059\u306d\u3002<\/p>\n<p>\u5c06\u6765\u6027\u306f\u975e\u5e38\u306b\u3042\u308b\u3068\u601d\u3063\u3066\u3044\u307e\u3059\u304cSQ\u306b\u4f9d\u5b58\u3057\u3066\u3044\u308b\u5272\u5408\u304c\u9ad8\u3044\u306e\u3067SQ\u6b21\u7b2c\u306b\u306a\u3063\u3066\u3044\u308b\u306e\u304c\u6c17\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u682a\u4fa1\u81ea\u4f53\u306f\u304b\u306a\u308a\u4e0b\u304c\u3063\u3066\u304d\u3066\u3044\u308b\u306e\u3067\u69d8\u5b50\u3092\u898b\u306a\u304c\u3089\u6253\u8a3a\u8cb7\u3044\u3057\u3066\u3082\u3044\u3044\u304b\u3068\u601d\u3063\u3066\u307e\u3059\u3002<\/p>\n<div id=\"attachment_1227\" style=\"width: 1488px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1227\" class=\"wp-image-1227 size-full\" src=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/03\/MQ_2022-03-10_22-03-26.png\" alt=\"\u30de\u30eb\u30b1\u30bf ( NSDQ:MQ )\u682a\u4fa1\" width=\"1478\" height=\"820\" srcset=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/03\/MQ_2022-03-10_22-03-26.png 1478w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/03\/MQ_2022-03-10_22-03-26-300x166.png 300w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/03\/MQ_2022-03-10_22-03-26-1024x568.png 1024w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/03\/MQ_2022-03-10_22-03-26-768x426.png 768w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/03\/MQ_2022-03-10_22-03-26-940x522.png 940w\" sizes=\"auto, (max-width: 1478px) 100vw, 1478px\" \/><p id=\"caption-attachment-1227\" class=\"wp-caption-text\">\u30de\u30eb\u30b1\u30bf ( NSDQ:MQ )\u682a\u4fa1<\/p><\/div>\n<p class=\"hh hh3 main-bdr\"><span class=\"big\"><strong>\u30de\u30eb\u30b1\u30bf ( NSDQ:MQ )2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a<\/strong><\/span><\/p>\n<p>2022\u5e7403\u670809\u65e5 16\u664230\u5206<\/p>\n<p>Call participants:<br \/>\nStacey Finerman &#8212; Vice President, Investor Relations<br \/>\nJason Gardner &#8212; Founder and Chief Executive Officer<br \/>\nMike Milotich &#8212; Chief Financial Officer<br \/>\nSanjay Sakhrani &#8212; KBW &#8212; Analyst<br \/>\nMichael Ng &#8212; Goldman Sachs &#8212; Analyst<br \/>\nRamsey El-Assal &#8212; Barclays &#8212; Analyst<br \/>\nDan Dolev &#8212; Mizuho Securities &#8211;Analyst<br \/>\nTien-Tsin Huang &#8212; J.P. Morgan &#8212; Analyst<br \/>\nAndrew Jeffrey &#8212; Truist Securities &#8212; Analyst<br \/>\nAndrew Bauch &#8212; SMBC Nikko Securities &#8212; Analyst<br \/>\nBob Napoli &#8212; William Blair &#8212; Analyst<br \/>\nAshwin Shirvaikar &#8212; Citi &#8212; Analyst<br \/>\nAlex Markgraff &#8212; KeyBanc Capital Markets &#8212; Analyst<br \/>\nMore MQ analysis<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u3053\u3093\u306b\u3061\u306f\u3001\u7686\u3055\u3093\u3002\u304a\u7acb\u3061\u5bc4\u308a\u3044\u305f\u3060\u304d\u307e\u3057\u3066\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002Marqeta\u306e2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u30ab\u30f3\u30d5\u30a1\u30ec\u30f3\u30b9\u30b3\u30fc\u30eb\u3078\u3088\u3046\u3053\u305d\u3002[\u30aa\u30da\u30ec\u30fc\u30bf\u30fc\u306e\u6307\u793a\u3011\u5ff5\u306e\u305f\u3081\u7533\u3057\u4e0a\u3052\u307e\u3059\u304c\u3001\u3053\u306e\u96fb\u8a71\u4f1a\u8b70\u306f\u9332\u97f3\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u308c\u3067\u306f\u3001IR\u62c5\u5f53\u526f\u793e\u9577\u306e\u30b9\u30c6\u30a4\u30b7\u30fc\u30fb\u30d5\u30a3\u30ca\u30fc\u30de\u30f3\u306b\u901a\u8a71\u3092\u5f15\u304d\u7d99\u304e\u3001\u958b\u59cb\u3057\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b9\u30c6\u30a4\u30b7\u30fc\u30fb\u30d5\u30a3\u30ca\u30de\u30f3 &#8212; 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Gardner\u3068\u3001Marqeta\u306e\u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\u3067\u3042\u308bMike Milotich\u3067\u3059\u3002\u305d\u308c\u3067\u306f\u3001\u30b8\u30a7\u30a4\u30bd\u30f3\u306e\u307b\u3046\u304b\u3089\u96fb\u8a71\u3092\u59cb\u3081\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30bd\u30f3\u30fb\u30ac\u30fc\u30c9\u30ca\u30fc &#8212; 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class=\"hh hh6 main-c main-bdr\"><span class=\"big\"><strong>\u8cea\u7591\u5fdc\u7b54<\/strong><\/span><\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n[\u6700\u521d\u306e\u8cea\u554f\u306f\u3001KBW\u306eSanjay Sakhrani\u304b\u3089\u3067\u3059\u3002\u8cea\u554f\u3092\u304a\u9032\u3081\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Sanjay Sakhrani &#8212; KBW &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3001\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u3059\u307f\u307e\u305b\u3093\u3001\u3053\u3093\u306b\u3061\u306f\u3002\u30de\u30a4\u30af\u3001\u304a\u3081\u3067\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u6280\u8853\u3084\u88fd\u54c1\u3078\u306e\u6295\u8cc7\u306b\u3064\u3044\u3066\u8cea\u554f\u3055\u305b\u3066\u304f\u3060\u3055\u3044\u3002Marqeta\u304c\u6210\u9577\u3067\u304d\u308b\u3055\u307e\u3056\u307e\u306a\u30c1\u30e3\u30cd\u30eb\u306b\u3064\u3044\u3066\u8003\u3048\u308b\u3068\u304d\u3001\u305d\u308c\u304c\u56fd\u969b\u7684\u306b\u3069\u3053\u304b\u3089\u6765\u308b\u306e\u304b\u306b\u3064\u3044\u3066\u3001\u8003\u3048\u308b\u624b\u52a9\u3051\u3092\u3057\u3066\u3082\u3089\u3048\u307e\u3059\u304b\uff1f<\/p>\n<p>\u30b8\u30a7\u30a4\u30bd\u30f3\u30fb\u30ac\u30fc\u30c9\u30ca\u30fc\uff08Jason Gardner\uff09 &#8212; \u5275\u696d\u8005\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u3054\u8cea\u554f\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u4eca\u304a\u8a71\u3057\u305f\u3088\u3046\u306b\u3001\u73fe\u4ee3\u306e\u30ab\u30fc\u30c9\u767a\u884c\u306f\u4e16\u754c\u7684\u306a\u73fe\u8c61\u3067\u3042\u308a\u3001\u79c1\u305f\u3061\u306f\u5927\u898f\u6a21\u306a\u30a2\u30c9\u30ec\u30b9\u53ef\u80fd\u306a\u5e02\u5834\u3092\u7a4d\u6975\u7684\u306b\u653b\u7565\u3057\u3066\u3044\u307e\u3059\u3002\u79c1\u305f\u3061\u304c\u884c\u3063\u3066\u3044\u308b\u3053\u3068\u306e1\u3064\u306f\u3001\u304a\u5ba2\u69d8\u304c\u3069\u306e\u3088\u3046\u306a\u5e02\u5834\u306b\u53c2\u5165\u3057\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u306e\u304b\u3001\u307e\u305f\u3001\u3069\u306e\u3088\u3046\u306a\u5e02\u5834\u306b\u53c2\u5165\u3059\u308c\u3070\u79c1\u305f\u3061\u306e\u6280\u8853\u304c\u6700\u3082\u6d3b\u304b\u3055\u308c\u308b\u306e\u304b\u3092\u5e38\u306b\u898b\u6975\u3081\u3066\u3044\u308b\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u3053\u308c\u307e\u3067\u304a\u8a71\u3057\u3057\u305f\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f\u73fe\u572839\u30ab\u56fd\u306b\u9032\u51fa\u3057\u3066\u3044\u307e\u3059\u3002\u6700\u8fd1\u3001\u30b7\u30f3\u30ac\u30dd\u30fc\u30eb\u3001\u30bf\u30a4\u3001\u30d5\u30a3\u30ea\u30d4\u30f3\u3092\u767a\u8868\u3057\u307e\u3057\u305f\u304c\u3001\u304a\u305d\u3089\u304f\u30b7\u30f3\u30ac\u30dd\u30fc\u30eb\u306bAPAC\u306e\u30cf\u30d6\u3092\u8a2d\u7f6e\u3059\u308b\u4e88\u5b9a\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u56fd\u969b\u7684\u306a\u6d3b\u52d5\u3092\u3057\u3066\u3044\u304f\u4e2d\u3067\u3001\u73fe\u4ee3\u306e\u30ab\u30fc\u30c9\u767a\u884c\u306f\u4e16\u754c\u7684\u306a\u73fe\u8c61\u3067\u3042\u308b\u3053\u3068\u304c\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u4eca\u5e74\u306eMarqeta\u306e\u30b9\u30ed\u30fc\u30ac\u30f3\u306f\u3001\u300c\u30b0\u30ed\u30fc\u30d0\u30eb\u306a\u304a\u91d1\u306e\u52d5\u304d\u3067\u4e16\u754c\u3092\u3064\u306a\u3050\u300d\u3067\u3059\u3002<\/p>\n<p>\u79c1\u305f\u3061\u306e\u304a\u5ba2\u69d8\u306f\u3001\u3053\u3053\u7c73\u56fd\u3001\u30ab\u30ca\u30c0\u3001\u30e8\u30fc\u30ed\u30c3\u30d1\u3001\u30a2\u30b8\u30a2\u3060\u3051\u3067\u306a\u304f\u3001\u591a\u304f\u306e\u56fd\u3001\u90fd\u5e02\u3001\u5927\u9678\u3067\u30d3\u30b8\u30cd\u30b9\u3092\u5c55\u958b\u3059\u308b\u305f\u3081\u306b\u3001\u672c\u5f53\u306b\u79c1\u305f\u3061\u306e\u3068\u3053\u308d\u306b\u6765\u3066\u3001\u4fa1\u5024\u3092\u89e3\u304d\u653e\u3064\u305f\u3081\u306b\u5229\u7528\u3057\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u300c\u4eca\u3059\u3050\u8cb7\u3063\u3066\u3001\u5f8c\u3067\u6255\u3046\u300d\u3001\u30c7\u30b8\u30bf\u30eb\u30fb\u30d0\u30f3\u30ad\u30f3\u30b0\u3001\u7d4c\u8cbb\u7ba1\u7406\u306a\u3069\u3001\u3053\u308c\u307e\u3067\u5f53\u793e\u304c\u5927\u304d\u306a\u6210\u679c\u3092\u4e0a\u3052\u3066\u304d\u305f\u5206\u91ce\u306b\u3082\u5f15\u304d\u7d9a\u304d\u6ce8\u529b\u3057\u3066\u3044\u304d\u307e\u3059\u3002\u3053\u306e\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f\u4eca\u65e5\u307e\u3067\u306e\u7d4c\u7def\u306b\u3068\u3066\u3082\u6e80\u8db3\u3057\u3066\u3044\u307e\u3059\u3002\u30de\u30a4\u30af\u304c\u8a71\u3057\u305f\u3088\u3046\u306b\u3001\u7d14\u53ce\u76ca\u306f5\u51041,700\u4e07\u30c9\u30eb\u3067\u3001\u3053\u308c\u306f\u5805\u56fa\u3067\u5805\u5b9f\u306a\u57fa\u76e4\u3067\u3059\u3002<\/p>\n<p>\u4eca\u5f8c\u306e\u56db\u534a\u671f\u3067\u3082\u3001\u65b0\u3057\u3044\u5e02\u5834\u3084\u56fd\u969b\u7684\u306a\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\u306b\u3064\u3044\u3066\u304a\u77e5\u3089\u305b\u3067\u304d\u308b\u3053\u3068\u3092\u697d\u3057\u307f\u306b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Sanjay Sakhrani &#8212; KBW &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002BNPL\u306e\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u3082\u304a\u9858\u3044\u3057\u307e\u3059\u3002\u3082\u3061\u308d\u3093\u3001\u3042\u306a\u305f\u65b9\u306b\u3068\u3063\u3066\u3082\u3001\u696d\u754c\u306b\u3068\u3063\u3066\u3082\u3001BNPL\u306f\u9a5a\u7570\u7684\u306a\u6210\u9577\u3092\u9042\u3052\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u30012022\u5e74\u306b\u5411\u3051\u3066\u306f\u3001\u30b3\u30f3\u30d7\u304c\u96e3\u3057\u304f\u306a\u3063\u3066\u304d\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u7a2e\u306e\u30ed\u30fc\u30f3\u3067\u306f\u3001\u304a\u305d\u3089\u304f\u65e2\u5b58\u306e\u4f01\u696d\u3068\u306e\u7af6\u4e89\u304c\u6fc0\u5316\u3057\u3001\u52a0\u76df\u5e97\u306e\u55dc\u597d\u3082\u5909\u308f\u3063\u3066\u304f\u308b\u3067\u3057\u3087\u3046\u3002BNPL\u306e\u6210\u9577\u306e\u53ef\u80fd\u6027\u306b\u3064\u3044\u3066\u8003\u3048\u308b\u3068\u304d\u3001\u7279\u306b\u3042\u306a\u305f\u65b9\u306b\u3068\u3063\u3066\u306f\u3001\u65e2\u5b58\u306e\u95a2\u4fc2\u306e\u4e2d\u3067\u62e1\u5927\u3057\u3066\u3044\u304f\u3060\u3051\u306a\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u308c\u3068\u3082\u3001\u6210\u9577\u306b\u5bfe\u3059\u308b\u4f55\u3089\u304b\u306e\u5727\u529b\u3092\u671f\u5f85\u3059\u3079\u304d\u3067\u3057\u3087\u3046\u304b\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30bd\u30f3\u30fb\u30ac\u30fc\u30c9\u30ca\u30fc\uff08Jason Gardner\uff09 &#8212; \u5275\u696d\u8005\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u79c1\u305f\u3061\u306f\u30015\u5e74\u524d\u306b\u30d0\u30a4\u30fb\u30ca\u30a6\u3001\u30da\u30a4\u30fb\u30ed\u30fc\u306b\u53d6\u308a\u7d44\u307f\u59cb\u3081\u307e\u3057\u305f\u3002\u79c1\u304c\u30e8\u30fc\u30ed\u30c3\u30d1\u3067Money 20\/20\u306b\u3044\u305f\u3068\u304d\u3001Klarna\u3068\u3044\u3046\u4f1a\u793e\u3068\u51fa\u4f1a\u3044\u307e\u3057\u305f\u304c\u3001\u4eca\u3067\u306f\u6709\u540d\u306a\u4f1a\u793e\u3067\u3059\u3002\u3057\u304b\u3057\u5f53\u6642\u306f\u3001\u5f7c\u3089\u304c\u5177\u4f53\u7684\u306b\u4f55\u3092\u3059\u308b\u4f1a\u793e\u306a\u306e\u304b\u3088\u304f\u77e5\u308a\u307e\u305b\u3093\u3067\u3057\u305f\u3002\u79c1\u305f\u3061\u306f\u3001\u7279\u5b9a\u306e\u696d\u7a2e\u306b\u7279\u5316\u3057\u305f\u30b5\u30fc\u30d3\u30b9\u3092\u958b\u767a\u3057\u3001\u6210\u529f\u3092\u53ce\u3081\u307e\u3057\u305f\u3002<\/p>\n<p>Klarna\u3001Affirm\u3001Zip\u306e\u8cb7\u53ce\u3092\u767a\u8868\u3057\u305fSezzle\u3001Block\u306e\u4e00\u90e8\u3068\u306a\u3063\u305fAfterpay\u306f\u3001Marqeta\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306e\u5f37\u3055\u3068\u7af6\u4e89\u529b\u3092\u5982\u5b9f\u306b\u7269\u8a9e\u3063\u3066\u3044\u307e\u3059\u3002\u3067\u306f\u3001\u3053\u3053\u304b\u3089\u59cb\u3081\u307e\u3059\u3002Buy now, pay later\u306f\u3001Marqeta\u306e\u91cd\u8981\u304b\u3064\u91cd\u8981\u306a\u6210\u9577\u30c9\u30e9\u30a4\u30d0\u30fc\u3067\u3042\u308a\u7d9a\u3051\u3001TPV\u306e10\uff05\u3092\u306f\u308b\u304b\u306b\u8d85\u3048\u3066\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u305d\u306e\u4ed6\u306e\u30cf\u30a4\u30e9\u30a4\u30c8\u3067\u3059\u3002<\/p>\n<p>\u79c1\u305f\u3061\u306f\u3001Mastercard\u306e\u65b0\u3057\u3044\u5206\u5272\u6255\u3044\u30d7\u30ed\u30b0\u30e9\u30e0\u306e\u30ed\u30fc\u30f3\u30c1\u30d1\u30fc\u30c8\u30ca\u30fc\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u79c1\u305f\u3061\u306fSezzle\u3068\u5354\u529b\u3057\u3066\u304a\u308a\u3001Target\u3068\u306e\u53d6\u5f15\u3082\u884c\u3063\u3066\u3044\u307e\u3059\u3002Amount\u3068\u306e\u63d0\u643a\u3067\u306f\u3001\u91d1\u878d\u6a5f\u95a2\u306b\u4eca\u3059\u3050\u8cfc\u5165\u3057\u3001\u5f8c\u3067\u652f\u6255\u3046\u3068\u3044\u3046\u30b5\u30fc\u30d3\u30b9\u3092\u63d0\u4f9b\u3057\u307e\u3059\u3002Figure\u306e\u65b0\u88fd\u54c1\u3067\u3042\u308bFigure Pay\u306f\u3001BNPL\u306e\u30cd\u30a4\u30c6\u30a3\u30d6\u6a5f\u80fd\u3092\u5099\u3048\u305f\u30c7\u30b8\u30bf\u30eb\u6c7a\u6e08\u53e3\u5ea7\u3067\u3001\u79c1\u305f\u3061\u306f\u305d\u306e\u6a5f\u80fd\u3092\u5f37\u5316\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f2\u3064\u306e\u6210\u9577\u30d9\u30af\u30c8\u30eb\u3092\u898b\u51fa\u3057\u3066\u3044\u307e\u3059\u30021\u3064\u306f\u56fd\u969b\u7684\u306a\u3082\u306e\u3067\u3001\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u4e0a\u3067\u3088\u308a\u591a\u304f\u306e\u52a0\u76df\u5e97\u3092\u5229\u7528\u3067\u304d\u308b\u3088\u3046\u306b\u3059\u308b\u3082\u306e\u3067\u3059\u3002\u307e\u305f\u3001\u65b0\u3057\u3044\u5730\u57df\u3084\u65b0\u3057\u3044\u6280\u8853\u306b\u5bfe\u5fdc\u3059\u308b\u305f\u3081\u3001\u30c8\u30fc\u30af\u30f3\u5316\u306b\u3082\u53d6\u308a\u7d44\u3093\u3067\u3044\u307e\u3059\u3002\u5b9f\u969b\u306e\u7269\u7406\u7684\u306a\u30ab\u30fc\u30c9\u88fd\u54c1\u306b\u624b\u3092\u51fa\u3059\u3088\u3046\u306b\u306a\u308a\u3001\u305d\u306e\u305f\u3081\u306bMarqeta\u3092\u5229\u7528\u3059\u308b\u3088\u3046\u306b\u306a\u3063\u305f\u306e\u3067\u3059\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u79c1\u306f\u3001\u4eca\u8cb7\u3063\u3066\u5f8c\u3067\u6255\u3046\u3068\u3044\u3046\u6a5f\u80fd\u3092\u3001\u5358\u306a\u308b\u30d0\u30fc\u30c1\u30e3\u30eb\u30ab\u30fc\u30c9\u3068\u4e00\u62ec\u308a\u306b\u3057\u3066\u898b\u3066\u306f\u3044\u307e\u305b\u3093\u3002\u4eca\u5f8c\u3001\u30d3\u30b8\u30cd\u30b9\u306e\u591a\u89d2\u5316\u3092\u9032\u3081\u308b\u4e2d\u3067\u3001\u79c1\u305f\u3061\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u4e0a\u306b\u3055\u307e\u3056\u307e\u306a\u7a2e\u985e\u306e\u30ab\u30fc\u30c9\u3092\u69cb\u7bc9\u3059\u308b\u3053\u3068\u3092\u691c\u8a0e\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Sanjay Sakhrani &#8212; KBW &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001\u30b4\u30fc\u30eb\u30c9\u30de\u30f3\u30fb\u30b5\u30c3\u30af\u30b9\u306e\u30de\u30a4\u30af\u30fb\u30f3\u3067\u3059\u3002\u8cea\u554f\u3092\u304a\u9032\u3081\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Michael Ng &#8212; Goldman Sachs &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3053\u3093\u306b\u3061\u306f\u3001\u3054\u8cea\u554f\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002TPV\u306e\u5782\u76f4\u8ef8\u3067\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306b\u3064\u3044\u3066\u8a73\u3057\u304f\u6559\u3048\u3066\u3044\u305f\u3060\u304d\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u30022022\u5e74\u306bTPV\u304c40\uff05\u6210\u9577\u3059\u308b\u3068\u3044\u3046\u4eee\u5b9a\u306b\u3064\u3044\u3066\u3001\u5c11\u3057\u304a\u8a71\u3057\u3044\u305f\u3060\u3051\u306a\u3044\u3067\u3057\u3087\u3046\u304b\u3002\u5b9a\u6027\u7684\u307e\u305f\u306f\u5b9a\u91cf\u7684\u306a\u8a73\u7d30\u304c\u3042\u308c\u3070\u3001\u975e\u5e38\u306b\u52a9\u304b\u308a\u307e\u3059\u3002<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>Mike Milotich &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u3054\u8cea\u554f\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u6bd4\u8f03\u5bfe\u8c61\u304c\u53b3\u3057\u3044\u3060\u3051\u3067\u3001\u672c\u5f53\u306b\u540c\u3058\u3088\u3046\u306a\u3082\u306e\u3067\u3059\u3002\u3082\u3061\u308d\u3093\u3001\u524d\u306e\u8cea\u554f\u3067Sanjay\u304c\u6307\u6458\u3057\u305f\u3088\u3046\u306b\u3001BNPL\u306f2021\u5e74\u306b\u7206\u767a\u7684\u306a\u6210\u9577\u3092\u9042\u3052\u307e\u3057\u305f\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u30d9\u30fc\u30b9\u304c\u5927\u304d\u304f\u306a\u308b\u306b\u3064\u308c\u3066\u3001\u6210\u9577\u306f\u5c11\u3057\u920d\u5316\u3059\u308b\u3067\u3057\u3087\u3046\u3002\u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u306f\u3001\u6210\u9577\u306e\u307b\u3068\u3093\u3069\u306f\u4e3b\u8981\u306a\u30e6\u30fc\u30b9\u30b1\u30fc\u30b9\u306b\u3088\u3063\u3066\u3082\u305f\u3089\u3055\u308c\u308b\u3068\u8003\u3048\u3066\u304a\u308a\u30012021\u5e74\u3068\u307b\u307c\u540c\u3058\u3067\u3059\u304c\u3001\u307b\u3093\u306e\u5c11\u3057\u901f\u5ea6\u304c\u9045\u304f\u306a\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u30c7\u30b8\u30bf\u30eb\u30d0\u30f3\u30ad\u30f3\u30b0\u3001BNPL\u3001\u7d4c\u8cbb\u7ba1\u7406\u306a\u3069\u304c\u305d\u306e\u4f8b\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u30d3\u30b8\u30cd\u30b9\u306e\u69cb\u6210\u306f\u3001\u57fa\u672c\u7684\u306b\u5927\u304d\u304f\u5909\u308f\u308b\u3053\u3068\u306f\u306a\u3044\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u305f\u3060\u3001\u30b3\u30f3\u30d7\u304c\u53b3\u3057\u3044\u306e\u3067\u3001\u6210\u9577\u7387\u304c\u5c11\u3057\u4e0b\u304c\u308b\u3060\u3051\u3067\u3059\u3002<\/p>\n<p>Michael Ng &#8212; Goldman Sachs &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u3068\u3066\u3082\u52a9\u304b\u308a\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u3082\u30461\u3064\u304a\u805e\u304d\u3057\u305f\u3044\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u7b2c4\u56db\u534a\u671f\u306e\u58f2\u4e0a\u7dcf\u5229\u76ca\u306b\u5bfe\u3059\u308b\u30df\u30c3\u30af\u30b9\u306e\u52b9\u679c\u306b\u3064\u3044\u3066\u3001\u3082\u3046\u5c11\u3057\u8a73\u3057\u304f\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002\u307e\u305f\u3001\u7b2c4\u56db\u534a\u671f\u3054\u3068\u306b\u30df\u30c3\u30af\u30b9\u306b\u3088\u308b\u524d\u671f\u306e\u6539\u5584\u3092\u78ba\u8a8d\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u304b\uff1f\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30de\u30a4\u30af\u30fb\u30df\u30ed\u30c6\u30a3\u30c3\u30c1 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3001\u672a\u6765\u3092\u6b63\u78ba\u306b\u4e88\u6e2c\u3059\u308b\u306e\u306f\u96e3\u3057\u3044\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u3054\u8cea\u554f\u306e\u5f8c\u534a\u306b\u7b54\u3048\u3089\u308c\u308b\u304b\u3069\u3046\u304b\u306f\u308f\u304b\u308a\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u30a4\u30f3\u30bf\u30fc\u30c1\u30a7\u30f3\u30b8\u306e\u52d5\u304d\u306b\u3064\u3044\u3066\u8003\u3048\u3066\u307f\u308b\u3068\u3001\u3069\u306e\u3088\u3046\u306a\u7a2e\u985e\u306e\u30ab\u30fc\u30c9\u304c\u4f7f\u7528\u3055\u308c\u3066\u3044\u308b\u304b\u3001\u6d88\u8cbb\u8005\u5411\u3051\u5546\u696d\u30af\u30ec\u30b8\u30c3\u30c8\u3001\u30c7\u30d3\u30c3\u30c8\u3001\u30d7\u30ea\u30da\u30a4\u30c9\u3001\u3069\u306e\u3088\u3046\u306a\u52a0\u76df\u5e97\u3067\u4f7f\u7528\u3055\u308c\u3066\u3044\u308b\u304b\u3001\u30c1\u30b1\u30c3\u30c8\u306e\u5927\u304d\u3055\u306a\u3069\u3001\u3042\u3089\u3086\u308b\u7570\u306a\u308b\u30b7\u30ca\u30ea\u30aa\u304c\u524d\u63d0\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u306d\u3002<\/p>\n<p>\u3053\u3046\u3057\u305f\u3055\u307e\u3056\u307e\u306a\u8981\u56e0\u304c\u3001\u6700\u7d42\u7684\u306b\u9069\u7528\u3055\u308c\u308b\u30ec\u30fc\u30c8\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u3053\u3068\u306b\u306a\u308b\u306e\u3067\u3059\u3002\u305d\u306e\u3046\u3048\u3067\u3001\u304a\u5ba2\u69d8\u3068\u3069\u306e\u3088\u3046\u306b\u9023\u643a\u3059\u308b\u304b\u3001\u3069\u3053\u307e\u3067\u304a\u5ba2\u69d8\u3068\u5171\u6709\u3059\u308b\u304b\u3001\u3069\u3053\u307e\u3067Marqeta\u3067\u4fdd\u7ba1\u3059\u308b\u304b\u3068\u3044\u3046\u70b9\u3067\u3001\u3055\u307e\u3056\u307e\u306a\u30bf\u30a4\u30d7\u306e\u5951\u7d04\u3092\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u3088\u3046\u306b\u3001\u3055\u307e\u3056\u307e\u306a\u30ec\u30d0\u30fc\u3084\u5909\u6570\u304c\u3001\u3053\u306e\u6570\u5b57\u306b\u5f71\u97ff\u3092\u53ca\u307c\u3057\u3066\u3044\u308b\u306e\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u5c11\u306a\u304f\u3068\u3082\u3053\u306e\u30b1\u30fc\u30b9\u3067\u306f\u3001\u30db\u30ea\u30c7\u30fc\u30b7\u30fc\u30ba\u30f3\u306b\u4f55\u304c\u8d77\u3053\u3063\u305f\u304b\u3068\u3044\u3046\u3068\u3001\u52a0\u76df\u5e97\u3084\u4f7f\u7528\u3055\u308c\u305f\u88fd\u54c1\u306e\u7a2e\u985e\u306a\u3069\u3001\u652f\u51fa\u306e\u7a2e\u985e\u306b\u3088\u3063\u3066\u3001\u79c1\u305f\u3061\u306b\u5229\u76ca\u304c\u3082\u305f\u3089\u3055\u308c\u305f\u306e\u3067\u3059\u3002<\/p>\n<p>Michael Ng &#8212; Goldman Sachs &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u305f\u304f\u3055\u3093\u306e\u611f\u60f3\u3092\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u672c\u5f53\u306b\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u30d0\u30fc\u30af\u30ec\u30a4\u30ba\u306e\u30e9\u30e0\u30bc\u30a4\u30fb\u30a8\u30eb\u30fb\u30a2\u30b5\u30eb\u304b\u3089\u3067\u3059\u3002\u8cea\u554f\u3092\u304a\u9032\u3081\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30e9\u30e0\u30bc\u30a4\u30fb\u30a8\u30eb\uff1d\u30a2\u30c3\u30b5\u30eb &#8212; \u30d0\u30fc\u30af\u30ec\u30a4\u30ba &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4eca\u6669\u306f\u3001\u79c1\u306e\u8cea\u554f\u306b\u304a\u7b54\u3048\u3044\u305f\u3060\u304d\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30b7\u30c6\u30a3\u306e\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\u306b\u3064\u3044\u3066\u304a\u805e\u304d\u3057\u305f\u3044\u306e\u3067\u3059\u304c\u3002\u307e\u305f\u3001\u3053\u306e\u3088\u3046\u306a\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u304b\u3089\u3001\u30b7\u30c6\u30a3\u306e\u3088\u3046\u306a\u5927\u304d\u306a\u9280\u884c\u3067\u3088\u308a\u6df1\u3044\u767a\u884c\u95a2\u4fc2\u306b\u306a\u308b\u307e\u3067\u306e\u9053\u306e\u308a\u3092\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30bd\u30f3\u30fb\u30ac\u30fc\u30c9\u30ca\u30fc\uff08Jason Gardner\uff09\uff1a\u5275\u696d\u8005\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u30e9\u30e0\u30bc\u30a4\u3055\u3093\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u5927\u898f\u6a21\u306a\u91d1\u878d\u6a5f\u95a2\u306e\u30d3\u30b8\u30cd\u30b9\u3092\u7372\u5f97\u3059\u308b\u3053\u3068\u306f\u3001Marqeta\u306b\u3068\u3063\u3066\u4e3b\u8981\u306a\u6226\u7565\u7684\u30a4\u30cb\u30b7\u30a2\u30c1\u30d6\u3067\u3059\u3002\u3053\u308c\u307e\u3067\u306b\u3082\u8a71\u3057\u3066\u304d\u305f\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f\u30b3\u30de\u30fc\u30b9\u306e\u7834\u58ca\u8005\u305f\u3061\u3068DNA\u304c\u4e00\u81f4\u3057\u305f\u306e\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u30d5\u30e9\u30f3\u30b9\u306eCash App\u3084Lydia\u306e\u3088\u3046\u306a\u5927\u624b\u30c7\u30b8\u30bf\u30eb\u30d0\u30f3\u30af\u306b\u53c2\u5165\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>Uber\u3084Google\u306e\u3088\u3046\u306a\u5de8\u5927\u30c6\u30c3\u30af\u4f01\u696d\u306b\u3082\u53c2\u5165\u3057\u307e\u3057\u305f\u3002\u305d\u3057\u3066\u3001\u79c1\u305f\u3061\u306f\u5e38\u306b\u5927\u624b\u91d1\u878d\u6a5f\u95a2\u306e\u9577\u671f\u7684\u306a\u30b2\u30fc\u30e0\u306b\u6ce8\u76ee\u3057\u3066\u304d\u307e\u3057\u305f\u3002\u3067\u3059\u304b\u3089\u3001\u5192\u982d\u306e\u6328\u62f6\u3067\u304a\u8a71\u3057\u3057\u305f\u3088\u3046\u306b\u3001Citi\u3068\u306e\u53d6\u5f15\u3068\u5f7c\u3089\u306e\u30b3\u30de\u30fc\u30b7\u30e3\u30eb\u30ab\u30fc\u30c9\u30fb\u30c1\u30fc\u30e0\u306e\u767a\u8868\u306b\u8208\u596e\u3057\u3066\u3044\u307e\u3059\u3002\u5f7c\u3089\u306f40\u306e\u5e02\u5834\u3067\u3001\u5f53\u793e\u306e &#8220;Tokenization-as-a-Service &#8220;\u6a5f\u80fd\u3092\u4f7f\u3063\u3066\u30e2\u30d0\u30a4\u30eb\u30a6\u30a9\u30ec\u30c3\u30c8\u306e\u30d7\u30ed\u30d3\u30b8\u30e7\u30cb\u30f3\u30b0\u3092\u884c\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u660e\u3089\u304b\u306b\u3001Citi\u306fMarqeta\u306e\u30ab\u30fc\u30c9\u30c8\u30fc\u30af\u30ca\u30a4\u30bc\u30fc\u30b7\u30e7\u30f3\u306b\u304a\u3051\u308b\u30ea\u30fc\u30c0\u30fc\u30b7\u30c3\u30d7\u3092\u8a8d\u3081\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u53d6\u5f15\u306f\u3001\u9577\u671f\u7684\u306a\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\u306e\u59cb\u307e\u308a\u306b\u904e\u304e\u306a\u3044\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u5927\u624b\u91d1\u878d\u6a5f\u95a2\u306f\u901a\u5e38\u3001\u8fc5\u901f\u306a\u610f\u601d\u6c7a\u5b9a\u3092\u884c\u3044\u307e\u305b\u3093\u3002\u3053\u306e\u3088\u3046\u306a\u30d7\u30ed\u30b0\u30e9\u30e0\u3067\u306f\u3001\u6642\u9593\u3092\u304b\u3051\u3066\u8db3\u5143\u3092\u56fa\u3081\u3001\u305d\u306e\u5f8c\u3001\u304a\u3063\u3057\u3083\u308b\u3068\u304a\u308a\u3001\u767a\u884c\u679a\u6570\u3092\u5897\u3084\u3059\u306a\u3069\u3057\u3066\u95a2\u4fc2\u3092\u62e1\u5927\u3059\u308b\u3053\u3068\u304c\u76ee\u6a19\u3067\u3059\u3002<\/p>\n<p>\u3053\u308c\u307e\u3067\u898b\u3066\u304d\u305f\u3088\u3046\u306b\u3001\u3053\u308c\u3089\u306e\u30d7\u30ed\u30b0\u30e9\u30e0\u306f\u975e\u5e38\u306b\u5927\u898f\u6a21\u3067\u3001\u6280\u8853\u7684\u306a\u89b3\u70b9\u304b\u3089\u3082\u3001\u8907\u96d1\u306a\u74b0\u5883\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u305d\u3053\u306b\u79c1\u305f\u3061\u304c\u52a0\u308f\u308b\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u79c1\u305f\u3061\u306b\u3068\u3063\u3066\u975e\u5e38\u306b\u91cd\u8981\u306a\u3053\u3068\u3067\u3059\u3002\u307e\u305f\u3001\u30c8\u30fc\u30af\u30f3\u5316\u30b5\u30fc\u30d3\u30b9\u4ee5\u5916\u306e\u30b5\u30fc\u30d3\u30b9\u3082\u5c55\u958b\u3067\u304d\u308b\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306e\u95a2\u4fc2\u3084\u6280\u8853\u3001\u30b5\u30fc\u30d3\u30b9\u3092\u8a3c\u660e\u3059\u308b\u5834\u3067\u3082\u3042\u308a\u307e\u3059\u3002\u79c1\u305f\u3061\u306f\u3001\u304a\u5ba2\u69d8\u304c\u3088\u308a\u9769\u65b0\u7684\u306b\u306a\u308c\u308b\u3088\u3046\u306a\u5206\u91ce\u3067\u304a\u624b\u4f1d\u3044\u3057\u3001\u304a\u5ba2\u69d8\u306e\u30d3\u30b8\u30cd\u30b9\u306b\u672c\u5f53\u306b\u8ca2\u732e\u3067\u304d\u308b\u4fa1\u5024\u3092\u898b\u3044\u3060\u3057\u3001\u660e\u3089\u304b\u306b\u79c1\u305f\u3061\u3092\u4fe1\u983c\u3057\u3066\u3044\u305f\u3060\u3051\u308b\u3088\u3046\u306b\u3057\u305f\u3044\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u3088\u3046\u306b\u3001\u9032\u51fa\u306b\u306f\u6642\u9593\u304c\u304b\u304b\u308a\u307e\u3059\u304c\u3001\u3088\u308a\u6301\u7d9a\u7684\u306a\u9577\u671f\u7684\u6210\u9577\u3092\u76ee\u6307\u3059\u5f53\u793e\u306b\u3068\u3063\u3066\u3001\u3053\u308c\u3089\u306e\u304a\u5ba2\u69d8\u306f\u7d76\u5bfe\u306b\u6b20\u304b\u305b\u306a\u3044\u5b58\u5728\u3067\u3059\u3002<\/p>\n<p>Ramsey El-Assal &#8212; \u30d0\u30fc\u30af\u30ec\u30a4\u30ba &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u30ab\u30fc\u30c9\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u306e\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u304c\u9ad8\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u304c\u3001\u3053\u3046\u3057\u305f\u5951\u7d04\u306e\u518d\u4ea4\u6e09\u306e\u6a5f\u4f1a\u306b\u3064\u3044\u3066\u3001\u3069\u306e\u3088\u3046\u306b\u8003\u3048\u308c\u3070\u3044\u3044\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u305d\u308c\u3068\u3082\u3001\u5951\u7d04\u671f\u9593\u304c\u6e80\u4e86\u3057\u305f\u6642\u70b9\u3067\u3001\u518d\u5ea6\u3001\u6599\u91d1\u306e\u518d\u4ea4\u6e09\u306b\u8e0f\u307f\u5207\u308c\u308b\u3088\u3046\u306a\u56fa\u5b9a\u7684\u306a\u5951\u7d04\u671f\u9593\u304c\u3042\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>Mike Milotich &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u306e\u4e21\u65b9\u3092\u517c\u306d\u5099\u3048\u3066\u3044\u308b\u3068\u8a00\u3048\u308b\u3067\u3057\u3087\u3046\u3002\u305f\u3060&#8230;&#8230;\u5951\u7d04\u6761\u4ef6\u3068\u30bf\u30a4\u30e0\u30e9\u30a4\u30f3\u304c\u3042\u308a\u307e\u3059\u304b\u3089\u3002\u3060\u304b\u3089\u3001\u3044\u3064\u3067\u3082\u597d\u304d\u306a\u3068\u304d\u306b\u623b\u308c\u308b\u3068\u3044\u3046\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u30d3\u30b8\u30cd\u30b9\u304c\u6210\u9577\u3057\u3001\u3088\u308a\u591a\u304f\u306e\u3053\u3068\u3092\u4e00\u7dd2\u306b\u3084\u308d\u3046\u3068\u3059\u308c\u3070\u3001\u65b0\u3057\u3044\u30ab\u30fc\u30c9\u30d7\u30ed\u30b0\u30e9\u30e0\u306a\u3069\u3001\u5e38\u306b\u65b0\u305f\u306a\u6a5f\u4f1a\u3092\u6a21\u7d22\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u3082\u3061\u308d\u3093\u3001\u30d3\u30b8\u30cd\u30b9\u304c\u4e88\u60f3\u901a\u308a\u6025\u901f\u306b\u6210\u9577\u3057\u7d9a\u3051\u308c\u3070\u3001\u65e9\u671f\u306e\u66f4\u65b0\u3084\u5909\u66f4\u3092\u884c\u3046\u3053\u3068\u3082\u53ef\u80fd\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u305d\u306e\u4e21\u65b9\u3092\u5c11\u3057\u3065\u3064\u3084\u3063\u3066\u3044\u304d\u307e\u3059\u3002\u3082\u3061\u308d\u3093\u3001\u3059\u3067\u306b\u5408\u610f\u3057\u305f\u6761\u4ef6\u3082\u3042\u308a\u307e\u3059\u304c\u3001\u305d\u308c\u3092\u691c\u8a0e\u3059\u308b\u65b9\u6cd5\u306f\u5e38\u306b\u3042\u308a\u307e\u3059\u3057\u3001\u65b0\u3057\u3044\u6a5f\u4f1a\u306b\u53c2\u5165\u3059\u308b\u969b\u306b\u306f\u3001\u79c1\u305f\u3061\u306e\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u3068\u9280\u884c\u306e\u30d1\u30fc\u30c8\u30ca\u30fc\u3068\u306e\u9593\u3067\u3001\u7d4c\u6e08\u7684\u306b\u3046\u307e\u304f\u3084\u3063\u3066\u3044\u3051\u308b\u304b\u3069\u3046\u304b\u3092\u78ba\u8a8d\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>Ramsey El-Assal &#8212; \u30d0\u30fc\u30af\u30ec\u30a4\u30ba &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3001\u30de\u30a4\u30af\u3002\u3042\u306a\u305f\u304c\u4e00\u756a\u3088\u304f\u3054\u5b58\u77e5\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u3054\u56de\u7b54\u306b\u611f\u8b1d\u3057\u307e\u3059\u3002<\/p>\n<p>\u30de\u30a4\u30af\u30fb\u30df\u30ed\u30c6\u30a3\u30c3\u30c1 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u78ba\u304b\u306b\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001\u307f\u305a\u307b\u306e\u30c0\u30f3\u30fb\u30c9\u30ec\u30d5\u3055\u3093\u3067\u3059\u3002\u8cea\u554f\u3092\u304a\u9032\u3081\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Dan Dolev &#8212; \u307f\u305a\u307b\u8a3c\u5238 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3069\u3046\u3082\u3042\u308a\u304c\u3068\u3046\u3001\u305d\u3057\u3066\u304a\u3081\u3067\u3068\u3046\u3001\u30de\u30a4\u30af\u3002\u7d20\u6674\u3089\u3057\u3044\u7d50\u679c\u3067\u3059\u306d\u3002\u3082\u3057\u79c1\u304c\u898b\u9003\u3057\u3066\u3044\u305f\u3089\u3001\u7533\u3057\u8a33\u306a\u3044\u306e\u3067\u3059\u304c\u3002\u524d\u56db\u534a\u671f\u306f\u3001TPV\u306e\u89b3\u70b9\u304b\u3089\u3001\u30c8\u30c3\u30d75\u3068\u305d\u3046\u3067\u306a\u3044\u3082\u306e\u306e\u6210\u9577\u7387\u306b\u3064\u3044\u3066\u8aac\u660e\u3055\u308c\u305f\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u3082\u3046\u5c11\u3057\u5177\u4f53\u7684\u306b\u6559\u3048\u3066\u3044\u305f\u3060\u3051\u307e\u3059\u304b\uff1f<\/p>\n<p>Mike Milotich &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u7b2c4\u56db\u534a\u671f\u306f\u4e0a\u4f4d5\u793e\u304c50%\u4ee5\u4e0a\u306e\u4f38\u3073\u3092\u793a\u3057\u3001\u6b8b\u308a\u306e\u9867\u5ba2\u306f200%\u4ee5\u4e0a\u306e\u4f38\u3073\u3092\u793a\u3057\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u305d\u308c\u304b\u3089\u3001\u30c0\u30f3\u3001\u3082\u30461\u3064\u306e\u898b\u65b9\u3068\u3057\u3066\u3001\u79c1\u305f\u3061\u306f\u9867\u5ba2\u57fa\u76e4\u306e\u591a\u69d8\u5316\u3092\u76ee\u6307\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u3082\u30461\u3064\u304a\u4f1d\u3048\u3057\u305f\u306e\u306f\u30012019\u5e74\u4ee5\u964d\u306b\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306b\u5165\u3063\u3066\u304d\u305f\u304a\u5ba2\u69d8\u306f\u3001\u305d\u308c\u4ee5\u524d\u306b\u5165\u3063\u3066\u304d\u305f\u304a\u5ba2\u69d8\u3088\u308a\u30823\u500d\u4ee5\u4e0a\u306e\u30b9\u30d4\u30fc\u30c9\u3067\u6210\u9577\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u30c0\u30f3\u30fb\u30c9\u30ec\u30d5 &#8212; \u307f\u305a\u307b\u8a3c\u5238 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4e86\u89e3\u3067\u3059\u3002\u524d\u56db\u534a\u671f\u307b\u3069\u5177\u4f53\u7684\u306a\u6570\u5b57\u3067\u306f\u306a\u3044\u3001\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u306d\uff1f\u524d\u56db\u534a\u671f\u306f\u3001[Audio gap]\u307e\u305f\u306f[Inaudible]\u3067200%\u3092\u8d85\u3048\u308b\u3088\u3046\u306a\u6570\u5b57\u3060\u3063\u305f\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u4eca\u56de\u306f\u3044\u304b\u304c\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u30de\u30a4\u30af\u30fb\u30df\u30ed\u30c6\u30a3\u30c3\u30c1 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3001\u5177\u4f53\u7684\u306b\u306f\u8a00\u3048\u306a\u3044\u306e\u3067\u3059\u304c\u3002\u3067\u3082\u3001\u305d\u3046\u3060\u306d\u3001\u305d\u308c\u306a\u3089\u79c1\u304c\u8cac\u4efb\u3092\u8ca0\u308f\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u304b\u3082\u3057\u308c\u306a\u3044\u306d\u3001\u30c0\u30f3\u3001\u3042\u307e\u308a\u5177\u4f53\u7684\u306b\u8aac\u660e\u3059\u308b\u524d\u306b\u306d\u3002<\/p>\n<p>Dan Dolev &#8212; \u307f\u305a\u307b\u8a3c\u5238 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u3048\u3048\u3001\u3048\u3048\u3001\u3054\u5fc3\u914d\u306a\u304f\u3002\u305d\u308c\u304b\u3089Plaid\u306b\u3064\u3044\u3066\u3067\u3059\u304c\u3001\u30c7\u30d3\u30c3\u30c8\u30ab\u30fc\u30c9\u3078\u306e\u4f9d\u5b58\u304b\u3089\u8131\u5374\u3059\u308b\u305f\u3081\u306e\u591a\u69d8\u5316\u306b\u9593\u9055\u3044\u306a\u304f\u5f79\u7acb\u3063\u3066\u3044\u308b\u3088\u3046\u306b\u898b\u3048\u307e\u3059\u306d\u3002\u3053\u306e\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\u306b\u306f\u3001\u3069\u306e\u3088\u3046\u306a\u53ef\u80fd\u6027\u304c\u3042\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>Jason Gardner &#8212; \u5275\u696d\u8005\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3059\u307f\u307e\u305b\u3093\u3001\u30c0\u30f3\u3055\u3093\u3001\u3069\u306e\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\u3067\u3059\u304b\uff1f<\/p>\n<p>Mike Milotich &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>Plaid\u3067\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30bd\u30f3\u30fb\u30ac\u30fc\u30c9\u30ca\u30fc &#8212; \u5275\u696d\u8005\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>Plaid\u3067\u3059\u3002\u305d\u3046\u3067\u3059\u306d\u3002Plaid\u306f\u300112,000\u306e\u9280\u884c\u3068\u63d0\u643a\u3057\u3066\u3044\u307e\u3059\u3002Marqeta\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3092\u901a\u3058\u3066\u3001\u304a\u5ba2\u69d8\u304cPlaid\u3092\u6d3b\u7528\u3057\u3001\u3088\u308a\u826f\u3044\u30a8\u30af\u30b9\u30da\u30ea\u30a8\u30f3\u30b9\u3092\u69cb\u7bc9\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u79c1\u305f\u3061\u306e\u30d3\u30b8\u30cd\u30b9\u306f\u3001\u307e\u3055\u306b\u30de\u30cd\u30fc\u30a4\u30f3\u3001\u30de\u30cd\u30fc\u30a2\u30a6\u30c8\u304c\u524d\u63d0\u3067\u3059\u3002\u3064\u307e\u308a\u3001\u30de\u30cd\u30fc\u30a4\u30f3\u306fACH\u3067\u3001\u30de\u30cd\u30fc\u30a2\u30a6\u30c8\u306f\u30ab\u30fc\u30c9\u3067\u3001\u3053\u308c\u304c\u79c1\u305f\u3061\u306e\u4e3b\u306a\u53ce\u5165\u6e90\u3067\u3059\u3002\u3064\u307e\u308a\u3001Marqeta\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306b\u3088\u308a\u591a\u304f\u306e\u8cc7\u91d1\u3092\u6295\u5165\u3059\u308b\u305f\u3081\u306b\u3001\u304a\u5ba2\u69d8\u304c\u5e02\u5834\u306b\u51fa\u308b\u307e\u3067\u306e\u6642\u9593\u3092\u5927\u5e45\u306b\u77ed\u7e2e\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u306e\u3067\u3059\u3002\u3064\u307e\u308a\u3001\u6d88\u8cbb\u8005\u304c\u81ea\u5206\u306eABA\u30eb\u30fc\u30c6\u30a3\u30f3\u30b0\u756a\u53f7\u3068\u53e3\u5ea7\u756a\u53f7\u3092\u77e5\u3063\u3066\u3044\u308b\u4ee3\u308f\u308a\u306b\u3001\u4eca\u306f\u81ea\u5206\u306e\u9280\u884c\u53e3\u5ea7\u306e\u30e6\u30fc\u30b6\u30fc\u540d\u3068\u30d1\u30b9\u30ef\u30fc\u30c9\u304c\u3042\u308c\u3070\u3001\u79c1\u305f\u3061\u306e\u9867\u5ba2\u3092\u901a\u3058\u3066Marqeta\u306e\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u306b\u304a\u91d1\u3092\u904b\u3073\u8fbc\u3080\u3053\u3068\u304c\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>Dan Dolev &#8212; \u307f\u305a\u307b\u8a3c\u5238 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4e86\u89e3\u3067\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u7d20\u6674\u3089\u3057\u3044\u696d\u7e3e\u3067\u3059\u3002<\/p>\n<p>Jason Gardner &#8212; \u5275\u696d\u8005\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306fJ.P.\u30e2\u30eb\u30ac\u30f3\u306e\u30c6\u30a3\u30a8\u30f3\uff1d\u30c6\u30a3\u30f3\u30fb\u30d5\u30a2\u30f3\u3067\u3059\u3002\u8cea\u554f\u3092\u304a\u9032\u3081\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Tien-Tsin Huang &#8212; J.P.\u30e2\u30eb\u30ac\u30f3 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7686\u3055\u3093\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u79c1\u304b\u3089\u3082\u7d20\u6674\u3089\u3057\u3044\u7d50\u679c\u304c\u51fa\u3066\u3044\u307e\u3059\u3002\u30de\u30a4\u30af\u3001\u304a\u96fb\u8a71\u3042\u308a\u304c\u3068\u3046\u3002\u304a\u58f0\u304c\u3051\u3044\u305f\u3060\u304d\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u305f\u3060\u3001\u8996\u8a8d\u6027\u306b\u3064\u3044\u3066\u304a\u805e\u304d\u3057\u305f\u3044\u306e\u3067\u3059\u3002<\/p>\n<p>Sanjay\u3084\u4ed6\u306e\u4eba\u305f\u3061\u304c\u3001\u300c\u4eca\u8cb7\u3063\u3066\u3001\u5f8c\u3067\u6255\u3046\u300d\u3053\u3068\u306b\u3064\u3044\u3066\u8cea\u554f\u3057\u305f\u306e\u306f\u77e5\u3063\u3066\u3044\u307e\u3059\u300221\u5e74\u306f\u305d\u308c\u304c\u5927\u304d\u306a\u4f38\u3073\u3092\u898b\u305b\u305f\u3088\u3046\u306b\u601d\u3044\u307e\u3059\u3002\u30aa\u30f3\u30c7\u30de\u30f3\u30c9\u30fb\u30c7\u30ea\u30d0\u30ea\u30fc\u306f\u30012020\u5e74\u306b\u5927\u304d\u304f\u8ca2\u732e\u3059\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u300222\u5e74\u306f\u3069\u3046\u3067\u3057\u3087\u3046\u304b\uff1f\u3069\u306e\u3088\u3046\u306a\u696d\u7a2e\u304c\u3053\u306e\u5206\u91ce\u3067\u306e\u6210\u9577\u3092\u62c5\u3063\u3066\u3044\u304f\u3068\u304a\u8003\u3048\u3067\u3059\u304b\uff1f\u307e\u305f\u3001\u300cBanking-as-a-Service\uff08\u30d0\u30f3\u30ad\u30f3\u30b0\u30fb\u30a2\u30ba\u30fb\u30a2\u30fb\u30b5\u30fc\u30d3\u30b9\uff09\u300d\u306f\u3001\u4eca\u5e74\u3001\u3069\u306e\u3088\u3046\u306a\u6210\u9577\u3092\u898b\u305b\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>Jason Gardner &#8212; \u5275\u696d\u8005\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u307e\u305a\u306f\u3001\u3053\u3061\u3089\u304b\u3089\u3002\u3053\u3093\u306b\u3061\u306f\u3001\u30c6\u30a3\u30a8\u30f3\u30c6\u30a3\u30f3\u3067\u3059\u3002\u304a\u4f1a\u3044\u3067\u304d\u3066 &#8212; 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App\u306f\u6628\u5e74\u3001\u30c6\u30a3\u30fc\u30f3\u30a8\u30a4\u30b8\u30e3\u30fc\u5411\u3051\u306e\u30ab\u30fc\u30c9\u3092\u767a\u58f2\u3057\u307e\u3057\u305f\u3002\u305d\u3057\u3066\u3001\u5927\u624b\u30cf\u30a4\u30c6\u30af\u4f01\u696d\u3084\u5927\u624b\u91d1\u878d\u6a5f\u95a2\u306b\u53c2\u5165\u3057\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n<p>\u7279\u306bCiti\u306e\u3088\u3046\u306a\u4f01\u696d\u304c\u30c8\u30fc\u30af\u30f3\u5316\u30b5\u30fc\u30d3\u30b9\uff08tokenization-as-a-service\uff09\u3092\u958b\u59cb\u3057\u300140\u306e\u5e02\u5834\u3067\u305d\u308c\u3092\u5c55\u958b\u3059\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>Tien-Tsin Huang &#8212; J.P.\u30e2\u30eb\u30ac\u30f3 &#8212; 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&#8212; \u5275\u696d\u8005\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u4eba\u6750\u4e89\u596a\u6226\u306f\u3001Marqeta\u3060\u3051\u306e\u554f\u984c\u3067\u306f\u306a\u304f\u3001\u4e16\u754c\u7684\u306a\u73fe\u8c61\u306a\u306e\u3067\u3059\u3002\u79c1\u305f\u3061\u5168\u54e1\u306b\u3068\u3063\u3066\u3067\u3059\u3002\u7279\u306b\u30a8\u30f3\u30b8\u30cb\u30a2\u30ea\u30f3\u30b0\u306e\u4eba\u6750\u3001\u88fd\u54c1\u306e\u4eba\u6750\u306f\u5927\u5909\u3067\u3059\u3002<\/p>\n<p>\u3064\u307e\u308a\u3001\u5e02\u5834\u3067\u306e\u7af6\u4e89\u306f\u975e\u5e38\u306b\u6fc0\u3057\u3044\u306e\u3067\u3059\u3002\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u6d88\u8cbb\u8005\u306e50\uff05\u304c\u30af\u30ec\u30b8\u30c3\u30c8\u30ab\u30fc\u30c9\u3092\u6240\u6301\u3057\u3066\u3044\u307e\u3059\u3002\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u6d88\u8cbb\u8005\u306e50%\u304c\u30af\u30ec\u30b8\u30c3\u30c8\u30ab\u30fc\u30c9\u3092\u6240\u6709\u3057\u3066\u3044\u307e\u3059\u3002\u4e16\u754c\u306e\u4ed6\u306e\u5730\u57df\u3067\u306f\u3001\u30af\u30ec\u30b8\u30c3\u30c8\u30ab\u30fc\u30c9\u306f\u304b\u306a\u308a\u521d\u671f\u6bb5\u968e\u306b\u3042\u308a\u307e\u3059\u304c\u3001\u4eca\u5f8c\u306f\u4f38\u3073\u3066\u3044\u304f\u3067\u3057\u3087\u3046\u3002\u30a2\u30b8\u30a2\u306f\u4eca\u5f8c\u6570\u5e74\u3067\u4e16\u754c\u6700\u5927\u306e\u30ab\u30fc\u30c9\u5e02\u5834\u306b\u306a\u308b\u3053\u3068\u304c\u5206\u304b\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u306f\u3053\u308c\u3089\u306e\u5206\u91ce\u306b\u7126\u70b9\u3092\u5f53\u3066\u3001\u65b0\u3057\u3044\u6a5f\u80fd\u3092\u69cb\u7bc9\u3057\u3001\u8ffd\u52a0\u3057\u7d9a\u3051\u3066\u3044\u307e\u3059\u3002\u30af\u30ec\u30b8\u30c3\u30c8\u306e\u8a71\u3092\u3057\u307e\u3057\u305f\u304c\u30012021\u5e74\u306f\u30af\u30ec\u30b8\u30c3\u30c8\u306e\u5206\u91ce\u3067\u304b\u306a\u308a\u5927\u304d\u306a\u6295\u8cc7\u3092\u3057\u305f\u5e74\u3067\u3057\u305f\u3002\u5e74\u672b\u306b\u306f\u3001\u304a\u5ba2\u69d8\u306e\u898f\u6a21\u304c\u5927\u304d\u304f\u306a\u308a\u3001\u305d\u308c\u306b\u5bfe\u5fdc\u3059\u308b\u305f\u3081\u306e\u6295\u8cc7\u3092\u884c\u3044\u307e\u3057\u305f\u3002\u30c7\u30b8\u30bf\u30eb\u30fb\u30d0\u30f3\u30ad\u30f3\u30b0\u306f\u3001\u30d0\u30f3\u30ad\u30f3\u30b0\u30fb\u30a2\u30ba\u30fb\u30a2\u30fb\u30b5\u30fc\u30d3\u30b9\u306e\u89b3\u70b9\u304b\u3089\u3067\u306f\u306a\u304f\u3001\u3059\u3079\u3066\u306e\u30b3\u30a2\u6a5f\u80fd\u3092\u7d71\u5408\u3057\u3066\u69cb\u7bc9\u3059\u308b\u3082\u306e\u3067\u3059\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u304a\u5ba2\u69d8\u306f\u79c1\u305f\u3061\u306e\u3068\u3053\u308d\u306b\u6765\u3066\u3044\u307e\u3059\u3002\u30de\u30eb\u30b1\u30bf\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3067\u4e00\u5ea6\u69cb\u7bc9\u3057\u3001\u305d\u306e\u5f8c\u30b0\u30ed\u30fc\u30d0\u30eb\u306b\u69cb\u7bc9\u3059\u308b\u3053\u3068\u3092\u671b\u3093\u3067\u3044\u308b\u306e\u3067\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u79c1\u305f\u3061\u306f\u3001\u304a\u5ba2\u69d8\u304c\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3067\u6d3b\u7528\u3067\u304d\u308b\u6a5f\u80fd\u3092\u3069\u3093\u3069\u3093\u8ffd\u52a0\u3057\u3066\u3044\u304d\u305f\u3044\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Tien-Tsin Huang &#8212; J.P.\u30e2\u30eb\u30ac\u30f3 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4e86\u89e3\u3067\u3059\u3002\u7d20\u6674\u3089\u3057\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>Jason Gardner &#8212; \u5275\u696d\u8005\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3088\u3046\u3053\u305d\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001Truist\u306e\u30a2\u30f3\u30c9\u30ea\u30e5\u30fc\u30fb\u30b8\u30a7\u30d5\u30ea\u30fc\u3055\u3093\u304b\u3089\u3067\u3059\u3002\u8cea\u554f\u3092\u304a\u9032\u3081\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Andrew Jeffrey &#8212; Truist Securities &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3053\u3093\u306b\u3061\u306f\u3001\u3053\u3093\u306b\u3061\u306f\u3002\u8cea\u554f\u3092\u304a\u53d7\u3051\u3044\u305f\u3060\u304d\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u7279\u306bBlock\u3068Afterpay\u306e\u8cb7\u53ce\u306b\u3064\u3044\u3066\u3001\u3082\u3046\u5c11\u3057\u304a\u805e\u304d\u3057\u305f\u3044\u306e\u3067\u3059\u304c\u3002\u7279\u306bCash App\u306b\u3064\u3044\u3066\u306f\u300122\u5e74\u304b\u308923\u5e74\u306b\u304b\u3051\u3066\u52a0\u901f\u5ea6\u7684\u306b\u62e1\u5927\u3057\u3001\u53ce\u76ca\u306e\u5927\u90e8\u5206\u3092\u5360\u3081\u308b\u3088\u3046\u306b\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3068\u601d\u3046\u306e\u3067\u3059\u304c\u3001\u305d\u306e\u53ef\u80fd\u6027\u306b\u3064\u3044\u3066\u5c11\u3057\u304a\u805e\u304b\u305b\u3044\u305f\u3060\u3051\u307e\u3059\u304b\uff1f\u3082\u3057Block\u304c\u3053\u306e2\u3064\u306e\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u3092\u7d50\u3073\u3064\u3051\u3001\u3088\u308a\u5927\u304d\u306a\u30a8\u30f3\u30b2\u30fc\u30b8\u30e1\u30f3\u30c8\u3092\u4fc3\u9032\u3059\u308b\u3053\u3068\u306b\u6210\u529f\u3059\u308c\u3070\u3001Marqeta\u306b\u3068\u3063\u3066\u904e\u5c0f\u8a55\u4fa1\u3055\u308c\u3066\u3044\u308b\u6210\u9577\u30c9\u30e9\u30a4\u30d0\u30fc\u3068\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u306e\u70b9\u306b\u3064\u3044\u3066\u306f\u3069\u306e\u3088\u3046\u306b\u304a\u8003\u3048\u3067\u3059\u304b\uff1f<\/p>\n<p>\u30b8\u30a7\u30a4\u30bd\u30f3\u30fb\u30ac\u30fc\u30c9\u30ca\u30fc &#8212; \u5275\u696d\u8005\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u305d\u308c\u306f\u3044\u3044\u6307\u6458\u3067\u3059\u306d\u3002\u3053\u308c\u307e\u3067\u898b\u3066\u304d\u305f\u3088\u3046\u306b\u3001Afterpay\u306fMarqeta\u306e\u7d20\u6674\u3089\u3057\u3044\u9867\u5ba2\u3067\u3059\u3002Cash App\u306b\u3088\u308b\u8cb7\u53ce\u306f\u3001\u5f7c\u3089\u306e\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u3092\u672c\u5f53\u306b\u6210\u9577\u3055\u305b\u3001\u30ab\u30fc\u30c9\u30db\u30eb\u30c0\u30fc\u306b\u3082\u3063\u3068\u591a\u304f\u306e\u6a5f\u4f1a\u3092\u3082\u305f\u3089\u3059\u305f\u3081\u306b\u7406\u306b\u304b\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001Block\u3084Cash App\u304cCredit Karma\u306e\u7a0e\u52d9\u7533\u544a\u30b5\u30fc\u30d3\u30b9\u3092\u8cb7\u53ce\u3059\u308b\u3053\u3068\u3067\u3001\u591a\u69d8\u5316\u304c\u9032\u3080\u3068\u601d\u308f\u308c\u307e\u3059\u3002\u305d\u306e\u7d50\u679c\u3001\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3078\u306e\u6d41\u5165\u91cf\u304c\u5897\u3048\u3001\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u304b\u3089\u306e\u6d41\u51fa\u91cf\u3082\u5897\u3048\u308b\u3053\u3068\u306f\u660e\u3089\u304b\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u79c1\u305f\u3061\u306e\u9867\u5ba2\u306f\u3001\u79c1\u305f\u3061\u306e\u6210\u529f\u304c\u9867\u5ba2\u306e\u6210\u529f\u306b\u3064\u306a\u304c\u308b\u306e\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u3053\u306e\u50be\u5411\u306f\u4eca\u5f8c\u3082\u7d9a\u304f\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u3082\u3057\u672c\u5f53\u306b\u5b9f\u884c\u306b\u79fb\u3057\u305f\u3089\u3001\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u4e0a\u3067\u3055\u3089\u306b\u30dc\u30ea\u30e5\u30fc\u30e0\u3092\u5897\u3084\u3059\u3053\u3068\u304c\u3067\u304d\u308b\u306e\u304b\u3001\u3068\u3044\u3046\u306e\u306f\u3044\u3044\u8cea\u554f\u3067\u3059\u306d\u3002\u79c1\u305f\u3061\u306f\u305d\u3046\u9858\u3063\u3066\u3044\u307e\u3059\u3002\u305d\u308c\u304c\u79c1\u305f\u3061\u306e\u5132\u3051\u65b9\u3067\u3059\u304b\u3089\u3002\u5f7c\u3089\u306e\u6210\u529f\u306f\u79c1\u305f\u3061\u306e\u6210\u529f\u3067\u3082\u3042\u308b\u306e\u3067\u3059\u3002\u3060\u304b\u3089\u3001\u3082\u3057\u5f7c\u3089\u304c\u305d\u308c\u3092\u5b9f\u73fe\u3067\u304d\u308c\u3070\u3001\u305d\u308c\u306f\u7d20\u6674\u3089\u3057\u3044\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u5f7c\u3089\u3082\u9867\u5ba2\u3082\u3001\u305d\u3057\u3066\u6211\u3005\u3082\u3001\u682a\u4e3b\u3082\u5f97\u3092\u3059\u308b\u306e\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u306e\u76ee\u6a19\u306f\u3001\u5f7c\u3089\u304c\u6210\u529f\u3059\u308b\u305f\u3081\u306b\u5fc5\u8981\u306a\u3082\u306e\u3092\u3059\u3079\u3066\u63d0\u4f9b\u3059\u308b\u3053\u3068\u3067\u3059\u3002Block\u3068\u306e\u95a2\u4fc2\u3001\u7279\u306bCash App\u3001Square Card\u3001\u305d\u3057\u3066\u4eca\u56de\u306eteen card\u306f\u3001\u660e\u3089\u304b\u306b\u6211\u3005\u306b\u3068\u3063\u3066\u975e\u5e38\u306b\u91cd\u8981\u3067\u3059\u3002\u305d\u3057\u3066\u305d\u308c\u306f\u3001\u9577\u5e74\u306b\u308f\u305f\u3063\u3066\u4e21\u793e\u306b\u3068\u3063\u3066\u5927\u304d\u306a\u6210\u529f\u3092\u53ce\u3081\u3066\u304d\u307e\u3057\u305f\u3002<\/p>\n<p>Andrew Jeffrey &#8212; Truist Securities &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u3069\u3046\u306a\u308b\u306e\u304b\u697d\u3057\u307f\u3067\u3059\u3002\u305d\u308c\u304b\u3089\u3001\u300c\u30d7\u30ec\u30a4\u30c9\u300d\u306b\u3064\u3044\u3066\u306f\u3001\u3082\u3046\u5c11\u3057\u660e\u78ba\u306b\u3057\u305f\u3044\u306e\u3067\u3059\u304c\u3002\u305d\u306e\u4e8b\u696d\u306eKPI\u306b\u3064\u3044\u3066\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002\u305d\u308c\u306f\u4e3b\u306b &#8212; \u4e3b\u306b\u30a4\u30f3\u30bf\u30fc\u30c1\u30a7\u30f3\u30b8\u4e3b\u5c0e\u306e\u30d3\u30b8\u30cd\u30b9\u306b\u306a\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u3082\u3057\u304b\u3057\u305f\u3089\u3001\u305d\u306e\u95a2\u4fc2\u306b\u306fSaaS\u306e\u8981\u7d20\u3082\u3042\u308b\u3088\u3046\u306b\u601d\u3048\u307e\u3059\u304c\u3001\u3044\u304b\u304c\u3067\u3057\u3087\u3046\u304b?<\/p>\n<p>\u767a\u884c\u696d\u52d9\u3068\u306e\u6bd4\u8f03\u3092\u6b63\u78ba\u306b\u7406\u89e3\u3057\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>Jason Gardner &#8212; \u5275\u696d\u8005\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u5f7c\u3089\u306f\u79c1\u305f\u3061\u306e\u305f\u3081\u306b2\u3064\u306e\u3053\u3068\u3092\u3084\u3063\u3066\u304f\u308c\u3066\u3044\u307e\u3059\u30021\u3064\u306f\u3001\u5e02\u5834\u53c2\u5165\u6226\u7565\u3092\u52a0\u901f\u3055\u305b\u308b\u3053\u3068\u3001\u3082\u30461\u3064\u306f\u3001\u9280\u884c\u696d\u52d9\u3068\u8cc7\u91d1\u79fb\u52d5\u306e\u30b5\u30fc\u30d3\u30b9\u3092\u5f37\u5316\u3059\u308b\u3053\u3068\u3067\u3059\u3002\u7e70\u308a\u8fd4\u3057\u307e\u3059\u304c\u3001\u307b\u3068\u3093\u3069\u306e\u6d88\u8cbb\u8005\u306f\u9280\u884c\u306e\u30e6\u30fc\u30b6\u30fc\u540d\u3068\u30d1\u30b9\u30ef\u30fc\u30c9\u3092\u77e5\u3063\u3066\u3044\u307e\u3059\u304c\u3001\u5fc5\u305a\u3057\u3082ABA\u306e\u30eb\u30fc\u30c6\u30a3\u30f3\u30b0\u756a\u53f7\u3084\u53e3\u5ea7\u756a\u53f7\u3092\u77e5\u3063\u3066\u3044\u308b\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>Plaid\u306f12,000\u306e\u91d1\u878d\u6a5f\u95a2\u3068\u63d0\u643a\u3057\u3066\u304a\u308a\u3001\u60c5\u5831\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u3068\u30c8\u30fc\u30af\u30f3\u5316\u3055\u308c\u305f\u53e3\u5ea7\u8a8d\u8a3c\u30d7\u30ed\u30bb\u30b9\u306e\u4e21\u65b9\u306b\u53d6\u308a\u7d44\u3093\u3067\u3044\u308b\u305f\u3081\u3001\u5b89\u5168\u6027\u304c\u975e\u5e38\u306b\u9ad8\u3044\u306e\u3067\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u304a\u5ba2\u69d8\u304b\u3089\u3088\u308a\u591a\u304f\u306e\u8cc7\u91d1\u3092\u3088\u308a\u65e9\u304f\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3078\u53d6\u308a\u8fbc\u3080\u3053\u3068\u304c\u3067\u304d\u308b\u306e\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u79c1\u305f\u3061\u306f\u30a4\u30f3\u30bf\u30fc\u30c1\u30a7\u30f3\u30b8\u3092\u901a\u3058\u3066\u304a\u91d1\u3092\u7a3c\u3050\u3053\u3068\u304c\u3067\u304d\u308b\u306e\u3067\u3059\u3002\u3064\u307e\u308a\u3001\u4e21\u8005\u306f\u3064\u306a\u304c\u3063\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>\u306a\u305c\u306a\u3089\u3001ACH\u306b\u3088\u3063\u3066\u9280\u884c\u304b\u3089\u5f53\u793e\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3078\u9001\u3089\u308c\u308b\u91cf\u304c\u5897\u3048\u308c\u3070\u5897\u3048\u308b\u307b\u3069\u3001\u305d\u3057\u3066\u30ab\u30fc\u30c9\u3067\u4f7f\u308f\u308c\u308b\u91d1\u984d\u304c\u5897\u3048\u308c\u3070\u5897\u3048\u308b\u307b\u3069\u3001\u5f53\u793e\u306b\u3068\u3063\u3066\u306f\u660e\u3089\u304b\u306b\u30a4\u30f3\u30bf\u30fc\u30c1\u30a7\u30f3\u30b8\u304c\u5897\u3048\u308b\u304b\u3089\u3067\u3059\u3002\u3064\u307e\u308a\u3001ACH\u306e\u691c\u8a3c\u30d7\u30ed\u30bb\u30b9\u3060\u3051\u3067\u306a\u304f\u3001\u5f53\u793e\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3067\u9867\u5ba2\u304c\u3088\u308a\u826f\u3044\u4f53\u9a13\u3092\u3067\u304d\u308b\u3088\u3046\u306b\u3059\u308b\u305f\u3081\u306b\u3001\u3069\u306e\u3088\u3046\u306b\u30b9\u30d4\u30fc\u30c9\u30a2\u30c3\u30d7\u3059\u308b\u304b\u3068\u3044\u3046\u3053\u3068\u306a\u306e\u3067\u3059\u3002<\/p>\n<p>Andrew Jeffrey &#8212; Truist Securities &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4e86\u89e3\u3067\u3059\u3002\u305d\u308c\u306f\u52a9\u304b\u308a\u307e\u3059\u3002\u3059\u307f\u307e\u305b\u3093\u3001\u3061\u3087\u3063\u3068\u88dc\u7fd2\u4e2d\u3067\u3059\u3002\u3067\u306f\u3001\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059 &#8211;\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30bd\u30f3\u30fb\u30ac\u30fc\u30c9\u30ca\u30fc &#8212; \u5275\u696d\u8005\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3044\u3044\u3048\u3001\u5927\u4e08\u592b\u3067\u3059\u3002\u3053\u308c\u306b\u3088\u3063\u3066\u3001\u63d0\u4f9b\u3059\u308b\u88fd\u54c1\u3092\u591a\u69d8\u5316\u3057\u3001\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306e\u62e1\u5f35\u6027\u3092\u9ad8\u3081\u3001\u304a\u5ba2\u3055\u307e\u304c\u3088\u308a\u7c21\u5358\u306b\u53ce\u76ca\u3092\u4e0a\u3052\u3089\u308c\u308b\u3088\u3046\u306b\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>Andrew Jeffrey &#8212; Truist Securities &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u7406\u306b\u304b\u306a\u3063\u3066\u3044\u308b\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>Jason Gardner &#8212; \u5275\u696d\u8005\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3069\u3046\u3044\u305f\u3057\u307e\u3057\u3066\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001SMBC\u65e5\u8208\u306e\u30a2\u30f3\u30c9\u30ea\u30e5\u30fc\u30fb\u30d0\u30a6\u30c1\u3067\u3059\u3002\u8cea\u554f\u3092\u304a\u9032\u3081\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30a2\u30f3\u30c9\u30ea\u30e5\u30fc\u30fb\u30d0\u30a6\u30c1 &#8212; SMBC\u65e5\u8208\u8a3c\u5238 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3084\u3042\u3001\u307f\u3093\u306a\u3002\u79c1\u306e\u8cea\u554f\u3092\u805e\u3044\u3066\u304f\u308c\u3066\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u6700\u521d\u306e\u3082\u306e\u306f\u3001\u3069\u3061\u3089\u304b\u3068\u3044\u3046\u3068\u6280\u8853\u7684\u306a\u30dd\u30a4\u30f3\u30c8\u3067\u3059\u3002\u8cb7\u53ce\u306e\u53ef\u80fd\u6027\u3092\u63a2\u308b\u305f\u3081\u306e\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u3078\u306e\u6295\u8cc7\u304c\u3042\u308b\u3088\u3046\u3067\u3059\u304c\u3001\u3053\u308c\u306f\u4f55\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u305d\u3053\u3067\u3001\u7686\u3055\u3093\u304c\u3069\u306e\u3088\u3046\u306a\u3053\u3068\u306b\u6ce8\u76ee\u3057\u3066\u3044\u308b\u306e\u304b\u3001\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002\u307e\u305f\u3001\u3069\u306e\u3088\u3046\u306a\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\u3092\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306b\u5c0e\u5165\u3057\u3001\u88fd\u54c1\u63d0\u4f9b\u306b\u5f79\u7acb\u3066\u305f\u3044\u3068\u304a\u8003\u3048\u3067\u3059\u304b\uff1f<\/p>\n<p>Jason Gardner &#8212; \u5275\u696d\u8005\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u307e\u305a\u3001\u79c1\u305f\u3061\u306e\u76ee\u6a19\u306f\u3001\u88fd\u54c1\u3068\u6280\u8853\u306b\u50be\u6ce8\u3059\u308b\u3053\u3068\u3067\u3001\u5148\u884c\u8005\u3068\u3057\u3066\u306e\u512a\u4f4d\u6027\u3092\u7dad\u6301\u3059\u308b\u3053\u3068\u3067\u3059\u3002\u3064\u307e\u308a\u3001\u79c1\u305f\u3061\u306f\u88fd\u54c1\u4e3b\u5c0e\u306e\u4f1a\u793e\u3067\u3042\u308a\u3001\u88fd\u54c1\u304c\u79c1\u305f\u3061\u306e\u9867\u5ba2\u30ed\u30fc\u30c9\u30de\u30c3\u30d7\u3001\u9867\u5ba2\u4f53\u9a13\u3001\u9867\u5ba2\u65c5\u884c\u306e\u4e2d\u5fc3\u306b\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u3064\u307e\u308a\u3001\u304a\u5ba2\u69d8\u306e\u30ed\u30fc\u30c9\u30de\u30c3\u30d7\u3084\u30ab\u30b9\u30bf\u30de\u30fc\u30fb\u30a8\u30af\u30b9\u30da\u30ea\u30a8\u30f3\u30b9\u3001\u30ab\u30b9\u30bf\u30de\u30fc\u30b8\u30e3\u30fc\u30cb\u30fc\u306e\u4e2d\u5fc3\u306b\u3042\u308b\u306e\u306f\u88fd\u54c1\u3067\u3042\u308a\u3001\u304a\u5ba2\u69d8\u306e\u4fa1\u5024\u3092\u9ad8\u3081\u308b\u306b\u306f\u3069\u3046\u3059\u308c\u3070\u3088\u3044\u304b\u3092\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u6700\u8fd1\u3001\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30fb\u30c7\u30a3\u30d9\u30ed\u30c3\u30d7\u30e1\u30f3\u30c8\u30fb\u30c1\u30fc\u30e0\u3092\u5897\u54e1\u3057\u3001\u3088\u308a\u7a4d\u6975\u7684\u306b\u6d3b\u52d5\u3059\u308b\u4e88\u5b9a\u3067\u3059\u3002\u79c1\u305f\u3061\u306f\u3001\u65b0\u88fd\u54c1\u3084\u5782\u76f4\u7d71\u5408\u88fd\u54c1\u3092\u767a\u58f2\u3059\u308b\u305f\u3081\u306b\u3001\u6226\u7565\u7684\u30fb\u6a5f\u52d5\u7684\u306bM&amp;A\u3092\u691c\u8a0e\u3057\u3066\u3044\u307e\u3059\u3002M&amp;A\u306f\u3001\u79c1\u305f\u3061\u304c\u30b3\u30a2\u30b3\u30f3\u30d4\u30bf\u30f3\u30b9\u3092\u6301\u3063\u3066\u3044\u306a\u3044\u5e02\u5834\u306b\u3001\u3088\u308a\u65e9\u304f\u53c2\u5165\u3059\u308b\u305f\u3081\u306e\u65b9\u6cd5\u3067\u3042\u308a\u3001\u307e\u305f\u3001\u660e\u3089\u304b\u306b\u30b0\u30ed\u30fc\u30d0\u30eb\u306b\u62e1\u5927\u3059\u308b\u305f\u3081\u306e\u65b9\u6cd5\u3067\u3042\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u79c1\u305f\u3061\u306e\u30d3\u30b8\u30cd\u30b9\u306f\u3001\u30ab\u30fc\u30c9\u767a\u884c\u51e6\u7406\u304c\u975e\u5e38\u306b\u30e6\u30cb\u30fc\u30af\u3067\u3001\u73fe\u4ee3\u306e\u30ab\u30fc\u30c9\u767a\u884c\u306f\u4e16\u754c\u7684\u306a\u73fe\u8c61\u3067\u3059\u304c\u3001\u56fd\u3054\u3068\u306b\u7570\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u304c\u3042\u308b\u56fd\u306b\u9032\u51fa\u3059\u308b\u3068\u304d\u3001\u7279\u306b\u30ab\u30fc\u30c9\u306e\u6210\u9577\u3068\u4ed6\u306e\u6c7a\u6e08\u30bf\u30a4\u30d7\u306e\u6210\u9577\u306b\u304a\u3044\u3066\u5927\u304d\u306a\u30c1\u30e3\u30f3\u30b9\u304c\u3042\u308b\u3068\u601d\u308f\u308c\u308b\u56fd\u3067\u306f\u3001Marqeta\u3084\u305d\u306e\u5730\u57df\u306e\u4f01\u696d\u3060\u3051\u3067\u306a\u304f\u3001\u5927\u9678\u3067\u3042\u308c\u56fd\u3067\u3042\u308c\u3001\u79c1\u305f\u3061\u306e\u9867\u5ba2\u306b\u3068\u3063\u3066\u3082\u5927\u304d\u306a\u30c1\u30e3\u30f3\u30b9\u3068\u306a\u308b\u306e\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u30ed\u30fc\u30c9\u30de\u30c3\u30d7\u306e\u30ae\u30e3\u30c3\u30d7\u3092\u57cb\u3081\u308b\u305f\u3081\u3001\u3042\u308b\u3044\u306f\u88fd\u54c1\u30ed\u30fc\u30c9\u30de\u30c3\u30d7\u3092\u52a0\u901f\u3055\u305b\u308b\u305f\u3081\u306b\u3001\u672c\u5f53\u306bM&amp;A\u3092\u691c\u8a0e\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>Mike Milotich &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u3082\u3046\u3072\u3068\u3064\u4ed8\u3051\u52a0\u3048\u308b\u3068\u3059\u308c\u3070\u3001\u3053\u306e\u5206\u91ce\u306e\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u304c\u3088\u308a\u30ea\u30fc\u30ba\u30ca\u30d6\u30eb\u306b\u306a\u3063\u305f\u3053\u3068\u306f\u78ba\u304b\u306b\u6709\u76ca\u3060\u3068\u601d\u3044\u307e\u3059\u3057\u3001\u5f53\u793e\u306b\u306f\u5f37\u529b\u306a\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u304c\u3042\u308a\u307e\u3059\u3002\u79c1\u305f\u3061\u306b\u306f\u5f37\u529b\u306a\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u304c\u3042\u308a\u307e\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u306f\u898f\u5f8b\u6b63\u3057\u304f\u884c\u52d5\u3059\u308b\u3064\u3082\u308a\u3067\u3059\u3002\u3057\u304b\u3057\u3001Jason\u304c\u8a00\u3063\u305f\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306e\u8a08\u753b\u3092\u52a0\u901f\u3055\u305b\u308b\u6a5f\u4f1a\u304c\u3042\u308b\u3053\u3068\u306f\u78ba\u304b\u3067\u3059\u3002<\/p>\n<p>Andrew Bauch &#8212; SMBC\u65e5\u8208\u8a3c\u5238 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3001\u304a\u305d\u3089\u304f\u65b0\u3057\u3044\u4eba\u6750\u7372\u5f97\u306e\u624b\u6bb5\u3068\u3057\u3066\u3082\u6709\u52b9\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>Jason Gardner &#8212; \u5275\u696d\u8005\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u4e86\u89e3\u3067\u3059\u3002<\/p>\n<p>\u30a2\u30f3\u30c9\u30ea\u30e5\u30fc\u30fb\u30d0\u30a6\u30c1 &#8212; SMBC\u65e5\u8208\u8a3c\u5238 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d9a\u3044\u3066\u30012019\u5e74\u4ee5\u964d\u306b\u8ffd\u52a0\u3055\u308c\u308b\u30d1\u30fc\u30c8\u30ca\u30fc\u306b\u3064\u3044\u3066\u3067\u3059\u304c\u3001\u305d\u306e\u90e8\u5206\u306e\u6210\u9577\u3092\u6b21\u5143\u5316\u3059\u308b\u826f\u3044\u65b9\u6cd5\u306f\u306a\u3044\u3067\u3057\u3087\u3046\u304b\uff1f\u79c1\u304c\u77e5\u308a\u305f\u3044\u306e\u306f\u3001\u8cb4\u793e\u306b\u306f\u591a\u304f\u306e\u65b0\u3057\u3044\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\u3084\u95a2\u4fc2\u304c\u751f\u307e\u308c\u3066\u304d\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u672c\u683c\u7684\u306a\u4e8b\u696d\u5c55\u958b\u306b\u306f\u307e\u3060\u6642\u9593\u304c\u304b\u304b\u308b\u3068\u601d\u308f\u308c\u307e\u3059\u3002\u307e\u305f\u3001\u65e2\u5b58\u306e\u30d1\u30fc\u30c8\u30ca\u30fc\u3068\u306e\u95a2\u4fc2\u3067\u306f\u3001\u30a6\u30a9\u30ec\u30c3\u30c8\u30b7\u30a7\u30a2\u7372\u5f97\u578b\u306e\u6307\u6a19\u3068\u3067\u3082\u547c\u3076\u3079\u304d\u3082\u306e\u304c\u3042\u308b\u306e\u3067\u3057\u3087\u3046\u304b?<\/p>\n<p>Jason Gardner &#8212; \u5275\u696d\u8005\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>Visa\u3068Mastercard\u306e\u30e6\u30cb\u30fc\u30af\u306a\u70b9\u306f\u3001\u30aa\u30f3\u30e9\u30a4\u30f3\u3001\u30aa\u30d5\u30e9\u30a4\u30f3\u3092\u554f\u308f\u305a\u3001\u30da\u30a4\u30e1\u30f3\u30c8\u30ab\u30fc\u30c9\u3092\u53d7\u3051\u5165\u308c\u305f\u3044\u4e16\u754c\u4e2d\u306e\u3059\u3079\u3066\u306e\u52a0\u76df\u5e97\u3092\u76f8\u4e92\u63a5\u7d9a\u3057\u305f\u3053\u3068\u3067\u3059\u3002\u3064\u307e\u308a\u3001Marqeta\u304c\u73fe\u4ee3\u306e\u30ab\u30fc\u30c9\u767a\u884c\u306e\u305f\u3081\u306b\u89e3\u6c7a\u3057\u3066\u304f\u308c\u308b\u306e\u306f\u3001\u307e\u3055\u306b\u30e9\u30b9\u30c8\u30fb\u30de\u30a4\u30eb\u306a\u306e\u3067\u3059\u3002\u79c1\u305f\u3061\u306f\u3001\u591a\u304f\u306e\u304a\u5ba2\u69d8\u3084\u975e\u5e38\u306b\u6709\u540d\u306a\u304a\u5ba2\u69d8\u304c\u3001\u79c1\u305f\u3061\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3092\u5229\u7528\u3059\u308b\u306e\u3092\u76ee\u306e\u5f53\u305f\u308a\u306b\u3057\u3066\u304d\u307e\u3057\u305f\u30025\u5e74\u524d\u3067\u3082\u3001\u30aa\u30f3\u30c7\u30de\u30f3\u30c9\u30c7\u30ea\u30d0\u30ea\u30fc\u3084\u4eca\u3059\u3050\u8cb7\u3063\u3066\u5f8c\u3067\u6255\u3046\u3001\u3042\u308b\u3044\u306f\u7d4c\u8cbb\u7ba1\u7406\u306a\u3069\u3001\u3042\u307e\u308a\u4e00\u822c\u7684\u306a\u8a00\u8449\u3068\u3057\u3066\u4f7f\u308f\u308c\u3066\u3044\u306a\u304b\u3063\u305f\u696d\u7a2e\u306e\u304a\u5ba2\u69d8\u3067\u3059\u3002<\/p>\n<p>\u79c1\u305f\u3061\u306f\u3001\u3053\u306e\u3088\u3046\u306a\u696d\u7a2e\u3092\u65e9\u671f\u306b\u7279\u5b9a\u3057\u307e\u3057\u305f\u3002\u4f8b\u3048\u3070\u3001Affirm 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&#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3057\u3066\u3001\u304a\u305d\u3089\u304f\u306f&#8230;<\/p>\n<p>\u30b8\u30a7\u30a4\u30bd\u30f3\u30fb\u30ac\u30fc\u30c9\u30ca\u30fc &#8212; \u5275\u696d\u8005\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3069\u3046\u305e\u3002<\/p>\n<p>\u30de\u30a4\u30af\u30fb\u30df\u30ed\u30c6\u30a3\u30c3\u30c1 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u3059\u307f\u307e\u305b\u3093\u30011\u3064\u3060\u3051\u4ed8\u3051\u52a0\u3048\u3088\u3046\u3068\u601d\u3063\u3066\u3044\u307e\u3057\u305f\u3002\u79c1\u305f\u3061\u306f\u3001\u65b0\u3057\u3044\u5f93\u696d\u54e1\u306e\u6210\u9577\u304c\u5f15\u304d\u7d9a\u304d\u52a0\u901f\u3059\u308b\u3053\u3068\u3092\u671f\u5f85\u3057\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306b\u4e57\u308b\u307e\u3067\u306b\u304a\u305d\u3089\u304f1\u5e74\u3001\u3067\u304d\u308c\u3070\u3082\u3063\u3068\u77ed\u3044\u671f\u9593\u3067\u3001\u305d\u306e\u5f8c\u3001\u6570\u56db\u534a\u671f\u3067\u8ecc\u9053\u306b\u4e57\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u65b0\u898f\u306e\u304a\u5ba2\u3055\u307e\u304b\u3089\u306e\u6210\u9577\u306f\u307e\u3060\u307e\u3060\u7d9a\u304f\u3068\u898b\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3082\u3061\u308d\u3093\u3001\u3053\u308c\u3089\u306e\u9867\u5ba2\u306f\u6025\u901f\u306b\u6210\u9577\u3057\u3066\u304a\u308a\u3001\u307e\u3059\u307e\u3059\u8ca2\u732e\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u307e\u3060\u307e\u3060\u3053\u308c\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>Andrew Bauch &#8212; SMBC\u65e5\u8208\u8a3c\u5238 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4e86\u89e3\u3067\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u65b0\u5f79\u8077\u5c31\u4efb\u304a\u3081\u3067\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30de\u30a4\u30af\u30fb\u30df\u30ed\u30c6\u30a3\u30c3\u30c1 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u904b\u55b6\u62c5\u5f53\u8005<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001\u30a6\u30a3\u30ea\u30a2\u30e0\u30fb\u30d6\u30ec\u30a2\u306e\u30dc\u30d6\u30fb\u30ca\u30dd\u30ea\u3055\u3093\u304b\u3089\u3067\u3059\u3002\u8cea\u554f\u3092\u7d9a\u3051\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30dc\u30d6\u30fb\u30ca\u30dd\u30ea &#8212; \u30a6\u30a3\u30ea\u30a2\u30e0\u30fb\u30d6\u30ec\u30a2 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u3053\u3093\u306b\u3061\u306f\u3001\u305d\u3057\u3066\u30de\u30a4\u30af\u3055\u3093\u3001\u3088\u3046\u3053\u305d\u304a\u96fb\u8a71\u3092\u4e0b\u3055\u3044\u307e\u3057\u305f\u3002\u3042\u306a\u305f\u306f1\u30f6\u6708\u9593\u305d\u3053\u306b\u3044\u3066\u3001\u305d\u3057\u3066\u9a5a\u7570\u7684\u306a\u56db\u534a\u671f\u3092\u63d0\u4f9b\u3057\u307e\u3057\u305f\u3002\u7d20\u6674\u3089\u3057\u3044\u4ed5\u4e8b\u3067\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30bd\u30f3\u30fb\u30ac\u30fc\u30c9\u30ca\u30fc &#8212; \u5275\u696d\u8005\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>2\u9031\u9593\u3067\u3059\u3002<\/p>\n<p>\u30dc\u30d6\u30fb\u30ca\u30dd\u30ea &#8212; \u30a6\u30a3\u30ea\u30a2\u30e0\u30fb\u30d6\u30ec\u30a2 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u30012\u9031\u9593\u3067\u3059\u3002\u591a\u304f\u306e\u7d20\u6674\u3089\u3057\u3044\u8cea\u554f\u3092\u3044\u305f\u3060\u304d\u307e\u3057\u305f\u304c\u3001Plaid\u3068\u306e\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\u3068\u30aa\u30fc\u30d7\u30f3\u30fb\u30d0\u30f3\u30ad\u30f3\u30b0\u306b\u306f\u672c\u5f53\u306b\u8208\u5473\u3092\u305d\u305d\u3089\u308c\u307e\u3059\u3002Plaid\u3068\u306f\u4e16\u754c\u7684\u306a\u95a2\u4fc2\u306a\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u30e8\u30fc\u30ed\u30c3\u30d1\u3067\u306f\u3001\u30aa\u30fc\u30d7\u30f3\u30fb\u30d0\u30f3\u30ad\u30f3\u30b0\u306e\u5206\u91ce\u3067\u3044\u308d\u3044\u308d\u306a\u3053\u3068\u304c\u8d77\u3053\u3063\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f&#8230;&#8230;\u3064\u307e\u308a\u3001\u30aa\u30fc\u30d7\u30f3\u30fb\u30d0\u30f3\u30ad\u30f3\u30b0\u306b\u3082\u3063\u3068\u6df1\u304f\u5165\u308a\u8fbc\u3080\u3068\u3044\u3046\u3053\u3068\u3067\u3057\u3087\u3046\u304b? \u30c1\u30e3\u30cd\u30eb &#8212; Plaid\u3082\u30c1\u30e3\u30cd\u30eb\u30fb\u30d1\u30fc\u30c8\u30ca\u30fc\u306b\u306a\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3001\u79c1\u306f\u305d\u3046\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>Jason Gardner &#8212; \u5275\u696d\u8005\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u73fe\u5728\u3001\u5f7c\u3089\u306f\u7c73\u56fd\u3060\u3051\u306e\u30c1\u30e3\u30cd\u30eb\u30d1\u30fc\u30c8\u30ca\u30fc\u3067\u3059\u3002\u3067\u3082\u3001\u5b9f\u306f&#8230;&#8230;Zach\u3068\u306f\u4f55\u5e74\u3082\u524d\u304b\u3089\u77e5\u308a\u5408\u3044\u306a\u3093\u3067\u3059\u3002\u304a\u305d\u3089\u304f\u4f55\u5ea6\u3082\u3001\u4e00\u7dd2\u306b\u4ed5\u4e8b\u3092\u3057\u3088\u3046\u3068\u3044\u3046\u8a71\u3092\u3057\u3066\u304d\u307e\u3057\u305f\u3002<\/p>\n<p>\u3069\u3046\u3059\u308c\u3070\u304a\u5ba2\u3055\u307e\u306b\u3088\u308a\u3088\u3044\u30ab\u30b9\u30bf\u30de\u30fc\u30fb\u30a8\u30af\u30b9\u30da\u30ea\u30a8\u30f3\u30b9\u3092\u63d0\u4f9b\u3067\u304d\u308b\u304b\u3068\u3044\u3046\u3053\u3068\u3067\u3001\u3064\u3044\u306b\u4e00\u7dd2\u306b\u4ed5\u4e8b\u3092\u3059\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u307e\u305f\u3001\u79c1\u305f\u3061\u306f\u30aa\u30fc\u30d7\u30f3\u30fb\u30d0\u30f3\u30ad\u30f3\u30b0\u306e\u5927\u304d\u306a\u4fe1\u5949\u8005\u3067\u3059\u3002\u30cd\u30aa\u30d0\u30f3\u30af\u304c\u65e2\u5b58\u306e\u5927\u624b\u91d1\u878d\u6a5f\u95a2\u3068\u80a9\u3092\u4e26\u3079\u308b\u3088\u3046\u306b\u306a\u308c\u3070\u3001\u79c1\u305f\u3061\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306f\u3001\u305d\u308c\u3089\u306e\u4f01\u696d\u304c\u3088\u308a\u591a\u304f\u306e\u88fd\u54c1\u3092\u958b\u767a\u3057\u3001\u305d\u306e\u7ffc\u3092\u5e83\u3052\u308b\u306e\u3092\u652f\u63f4\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u79c1\u305f\u3061\u306e\u76ee\u6a19\u306f\u3001\u5f53\u7136\u306a\u304c\u3089\u3001\u3088\u308a\u56fd\u969b\u7684\u306b\u666e\u53ca\u3059\u308b\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u4ee5\u524d\u3001\u30d5\u30e9\u30f3\u30b9\u3092\u62e0\u70b9\u3068\u3059\u308b\u30c7\u30b8\u30bf\u30eb\u30d0\u30f3\u30af\u306eLydia\u3068\u3044\u3046\u4f1a\u793e\u304c\u3001\u79c1\u305f\u3061\u3092\u5229\u7528\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u304a\u8a71\u3057\u3057\u307e\u3057\u305f\u3002\u3053\u306e\u3088\u3046\u306b\u3001\u30d7\u30ec\u30a4\u30c9\u306e\u6280\u8853\u3092\u4e16\u754c\u306e\u4ed6\u306e\u5730\u57df\u3001\u3064\u307e\u308a39\u30ab\u56fd\u3067\u5c55\u958b\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308c\u3070\u3001\u5fc5\u305a\u3084\u305d\u3046\u3057\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n<p>Bob Napoli &#8212; William Blair &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u4e16\u754c\u306b\u767a\u4fe1\u3057\u306a\u3044\u524d\u306b\u3001\u3069\u306e\u65b0\u3057\u3044\u5782\u76f4\u8ef8\u306b\u6295\u8cc7\u3059\u308b\u306e\u304b\u77e5\u308a\u305f\u3044\u306e\u3067\u3001\u305d\u308c\u3089\u306e\u4f01\u696d\u306e\u3044\u304f\u3064\u304b\u306b\u500b\u4eba\u7684\u306b\u6295\u8cc7\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u4eca\u65e5\u306e\u65b0\u898f\u4e8b\u696d\u306e\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u3092\u898b\u308b\u3068\u3001\u305d\u306e\u69cb\u6210\u306f\u3069\u306e\u3088\u3046\u306a\u611f\u3058\u3067\u3057\u3087\u3046\u304b\uff1f\u6d77\u5916\u304c\u591a\u3044\u306e\u304b\u3001\u65b0\u3057\u3044\u696d\u7a2e\u304c\u591a\u3044\u306e\u304b\uff1f\u3042\u308b\u3044\u306f\u3001\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u306e\u898f\u6a21\u3068\u65b0\u898f\u4e8b\u696d\u306e\u6bd4\u7387\u306f\u3069\u3046\u3067\u3057\u3087\u3046\u304b\uff1fIPO\u4ee5\u6765\u3001\u7740\u3005\u3068\u767a\u8868\u304c\u7d9a\u3044\u3066\u3044\u307e\u3059\u306d\u3002\u305d\u306e\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u306f\u73fe\u5728\u3069\u3046\u306a\u3063\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u30011\u5e74\u524d\u30842\u5e74\u524d\u3068\u3069\u3046\u9055\u3046\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>Jason Gardner &#8212; \u5275\u696d\u8005\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u30013\u3064\u306e\u7570\u306a\u308b\u30d9\u30af\u30c8\u30eb\u306b\u3064\u3044\u3066\u304a\u8a71\u3057\u307e\u3059\u30021\u3064\u306f\u3001\u65e2\u5b58\u306e\u304a\u5ba2\u3055\u307e\u304c\u3069\u3053\u306b\u884c\u304d\u305f\u3044\u304b\u3001\u305d\u3057\u3066\u304a\u305d\u3089\u304f\u65b0\u3057\u3044\u3082\u306e\u3092\u4f5c\u308a\u305f\u3044\u304b\u3068\u3044\u3046\u30d9\u30af\u30c8\u30eb\u3067\u3059\u3002\u305d\u306e\u305f\u3081\u306b\u3001\u65b0\u3057\u3044\u30d5\u30a3\u30fc\u30c1\u30e3\u30fc\u3084\u6a5f\u80fd\u3092\u69cb\u7bc9\u3057\u3066\u3044\u307e\u3059\u30022\u3064\u76ee\u306f\u3001\u30af\u30ec\u30b8\u30c3\u30c8\u306e\u3088\u3046\u306a\u7279\u5b9a\u306e\u696d\u7a2e\u3067\u3001\u65b0\u898f\u9867\u5ba2\u3084\u65e2\u5b58\u9867\u5ba2\uff08\u3053\u308c\u306fFNBO\u3068\u306e\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\u3084Deserve\u3068\u306e\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\u3092\u901a\u3058\u3066\u3067\u3059\u304c\uff09\u3092\u30d9\u30fc\u30b9\u306b\u3057\u305f\u5f53\u793e\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u304c\u3001\u3053\u308c\u3089\u306e\u4f01\u696d\u306e\u30b9\u30b1\u30fc\u30eb\u30a2\u30c3\u30d7\u3084\u6210\u9577\u3092\u652f\u63f4\u3067\u304d\u308b\u3088\u3046\u306a\u5834\u6240\u3092\u69cb\u7bc9\u3057\u3066\u3044\u304f\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u305d\u3057\u30663\u3064\u76ee\u306f\u3001\u56fd\u969b\u7684\u306a\u53d6\u308a\u7d44\u307f\u3067\u3059\u3002\u79c1\u305f\u3061\u306f\u30e8\u30fc\u30ed\u30c3\u30d1\u306b\u9032\u51fa\u3057\u305f\u5f53\u521d\u3001\u3053\u306e\u3088\u3046\u306a\u5931\u6557\u3092\u3057\u307e\u3057\u305f\u3002\u7c73\u56fd\u3067\u306e\u3084\u308a\u65b9\u3092\u6301\u3063\u3066\u3044\u3063\u305f\u306e\u3067\u3059\u304c\u3001\u300c\u3042\u306a\u305f\u306e\u3084\u308a\u65b9\u306f\u3053\u3053\u3067\u306f\u901a\u7528\u3057\u306a\u3044\u300d\u3068\u306f\u3063\u304d\u308a\u8a00\u308f\u308c\u3066\u3057\u307e\u3063\u305f\u306e\u3067\u3059\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u65b0\u3057\u3044\u56fd\u3078\u884c\u304f\u3068\u3001\u3055\u307e\u3056\u307e\u306a\u652f\u6255\u3044\u65b9\u6cd5\u304c\u4f7f\u308f\u308c\u3066\u3044\u308b\u3053\u3068\u306b\u6c17\u3065\u304d\u307e\u3059\u3002\u307e\u305f\u3001\u4f8b\u3048\u3070\u53e3\u5ea7\u9593\u632f\u66ff\u306e\u3088\u3046\u306a\u3001\u57fa\u672c\u7684\u306b\u65b0\u3057\u3044\u30e2\u30c0\u30ea\u30c6\u30a3\u3092\u767a\u898b\u3059\u308b\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002\u7e70\u308a\u8fd4\u3057\u306b\u306a\u308a\u307e\u3059\u304c\u3001\u79c1\u305f\u3061\u306e\u76ee\u6a19\u306f\u3001\u304a\u5ba2\u69d8\u3068\u898b\u8fbc\u307f\u5ba2\u306e\u4e21\u65b9\u306b\u30c4\u30fc\u30eb\u3092\u63d0\u4f9b\u3059\u308b\u3053\u3068\u3067\u4fa1\u5024\u3092\u5f15\u304d\u51fa\u3057\u3001\u304a\u5ba2\u69d8\u304c\u3088\u308a\u591a\u304f\u306e\u3082\u306e\u3092\u69cb\u7bc9\u3059\u308b\u306e\u3092\u652f\u63f4\u3059\u308b\u3053\u3068\u3067\u3059\u3002\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u306e\u8a71\u306b\u623b\u308a\u307e\u3059\u304c\u3001\u3053\u308c\u306b\u306f\u3055\u307e\u3056\u307e\u306a\u65b9\u6cd5\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u7b2c\u4e00\u306b\u3001\u5f53\u793e\u306f\u7c73\u56fd\u5185\u306e\u30ab\u30fc\u30c9\u5e02\u5834\u306e1%\u672a\u6e80\u3067\u3042\u308a\u3001\u6d77\u5916\u3067\u306f\u305d\u308c\u3088\u308a\u3082\u306f\u308b\u304b\u306b\u4f4e\u3044\u6c34\u6e96\u306b\u3042\u308a\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u6210\u9577\u306e\u30d9\u30af\u30c8\u30eb\u306f\u304b\u306a\u308a\u5927\u304d\u3044\u306e\u3067\u3059\u3002<\/p>\n<p>Bob Napoli &#8212; William Blair &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>Jason Gardner &#8212; \u5275\u696d\u8005\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3069\u3046\u3044\u305f\u3057\u307e\u3057\u3066\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001\u30b7\u30c6\u30a3\u306eAshwin Shirvaikar\u3067\u3059\u3002\u8cea\u554f\u3092\u304a\u9032\u3081\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Ashwin Shirvaikar &#8212; Citi &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3053\u3093\u306b\u3061\u306f\u3001\u7686\u3055\u3093\u3002\u30b8\u30a7\u30a4\u30bd\u30f3\u3001\u30de\u30a4\u30af\u3001\u826f\u3044\u7d50\u679c\u3067\u3059\u306d\u3002\u305d\u3057\u3066\u30de\u30a4\u30af\u3001\u3088\u3046\u3053\u305d\u3002<\/p>\n<p>\u30de\u30a4\u30af\u30fb\u30df\u30ed\u30c6\u30a3\u30c3\u30c1 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>Ashwin Shirvaikar &#8212; Citi &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u307e\u305a\u30012022\u5e74\u306e\u7d14\u53ce\u76ca\u7dad\u6301\u7387\u306b\u3064\u3044\u3066\u3001\u3069\u306e\u3088\u3046\u306a\u8003\u3048\u65b9\u304c\u6b63\u3057\u3044\u304b\u306b\u3064\u3044\u3066\u3067\u3059\u304c\u3001\u660e\u3089\u304b\u306b\u3001\u3042\u306a\u305f\u65b9\u304c\u6301\u3063\u3066\u3044\u308b\u975e\u5e38\u306b\u5f37\u56fa\u306a\u30ec\u30d9\u30eb\u304c\u3042\u308a\u307e\u3059\u3002\u305d\u308c\u304b\u3089\u3001\u30de\u30fc\u30b8\u30f3\u306e\u89b3\u70b9\u304b\u3089\u95a2\u9023\u3059\u308b\u8cea\u554f\u3067\u3059\u304c\u3001\u30df\u30c3\u30af\u30b9\u306a\u3069\u3092\u8003\u616e\u3057\u305f\u5834\u5408\u306e\u901a\u5e74\u306e\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306b\u3064\u3044\u3066\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Mike Milotich &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u3067\u306f\u3001Ashwin\u3001\u305d\u306e1\u3064\u3092\u304a\u9810\u304b\u308a\u3057\u307e\u3059\u30022020\u5e74\u306e\u53ce\u76ca\u7dad\u6301\u7387\u306f200\uff05\u3067\u3001\u305d\u306e\u591a\u304f\u306f\u30aa\u30f3\u30c7\u30de\u30f3\u30c9\u30c7\u30ea\u30d0\u30ea\u30fc\u306b\u3088\u308b\u3082\u306e\u3067\u3001\u5f53\u6642\u306f\u30d6\u30fc\u30e0\u3067\u3057\u305f\u30022021\u5e74\u306b\u306fBNPL\u95a2\u9023\u3001\u305d\u3057\u3066\u30c7\u30b8\u30bf\u30eb\u30fb\u30d0\u30f3\u30ad\u30f3\u30b0\u304c\u3055\u3089\u306b\u62e1\u5927\u3057\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u5148\u307b\u3069\u30b8\u30a7\u30a4\u30bd\u30f3\u304cBNPL\u306e\u8a71\u3092\u3057\u305f\u3088\u3046\u306b\u3001BNPL\u306b\u306f\u3055\u307e\u3056\u307e\u306a\u30d5\u30ec\u30fc\u30d0\u30fc\u304c\u3042\u308a\u3001\u3055\u307e\u3056\u307e\u306a\u65b9\u6cd5\u3067\u30a2\u30d7\u30ed\u30fc\u30c1\u3057\u3066\u3001\u5f15\u304d\u7d9a\u304d\u30b5\u30fc\u30d3\u30b9\u3092\u62e1\u5927\u3057\u3066\u3044\u304f\u3067\u3057\u3087\u3046\u3002\u305d\u306e\u305f\u3081\u3001\u57fa\u76e4\u304c\u5927\u304d\u304f\u306a\u308b\u306b\u3064\u308c\u3066\u58f2\u4e0a\u9ad8\u304c\u6e1b\u5c11\u3059\u308b\u3088\u3046\u306b\u3001\u3053\u306e\u6570\u5b57\u3082\u6e1b\u5c11\u3059\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u65e2\u5b58\u306e\u9867\u5ba2\u57fa\u76e4\u306f\u975e\u5e38\u306b\u6025\u901f\u306b\u62e1\u5927\u3057\u3066\u304a\u308a\u3001\u30b8\u30a7\u30a4\u30bd\u30f3\u3082\u8a00\u3063\u3066\u3044\u305f\u3088\u3046\u306b\u3001\u65b0\u3057\u3044\u5730\u57df\u3067\u4e8b\u696d\u3092\u62e1\u5927\u3057\u3001\u63d0\u4f9b\u3059\u308b\u30b5\u30fc\u30d3\u30b9\u3092\u591a\u69d8\u5316\u3055\u305b\u308b\u3053\u3068\u3092\u691c\u8a0e\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u3089\u306f\u3059\u3079\u3066\u3001\u79c1\u305f\u3061\u304c\u304a\u624b\u4f1d\u3044\u3057\u3066\u3044\u308b\u3053\u3068\u306a\u306e\u3067\u3059\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u3053\u306e\u3088\u3046\u306a\u5834\u5408\u3001\u9867\u5ba2\u7dad\u6301\u7387\u306f\u304b\u306a\u308a\u9ad8\u304f\u4fdd\u305f\u308c\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u30d9\u30fc\u30b9\u304c\u5927\u304d\u304f\u306a\u308c\u3070\u4e0b\u304c\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u304c\u3001\u305d\u308c\u3067\u3082\u591a\u304f\u306e\u4f01\u696d\u304c\u559c\u3076\u3088\u3046\u306a\u975e\u5e38\u306b\u9ad8\u3044\u6570\u5b57\u3067\u3059\u3002\u6b21\u306b\u30012\u756a\u76ee\u306e\u8cea\u554f\u3067\u3059\u304c\u3001\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306e\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u3067\u3059\u3002\u77ed\u671f\u7684\u306b\u306f\u3001\u8ca9\u58f2\u53f0\u6570\u306e\u69cb\u6210\u304c\u308f\u304b\u3089\u306a\u3044\u305f\u3081\u3001\u4e88\u6e2c\u304c\u56f0\u96e3\u3067\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u30012022\u5e74\u307e\u3067\u306e\u898b\u901a\u3057\u3092\u5171\u6709\u3059\u308b\u3088\u3046\u306a\u9577\u671f\u7684\u306a\u8996\u70b9\u3067\u898b\u308b\u3068\u3001\u77ed\u671f\u7684\u306a\u5f71\u97ff\u306f\u306a\u304f\u306a\u308a\u3001\u3088\u308a\u5927\u304d\u306a\u6570\u91cf\u69cb\u6210\u306b\u306a\u308a\u3001\u4e88\u6e2c\u53ef\u80fd\u6027\u3082\u9ad8\u304f\u306a\u308a\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u307e\u3060\u591a\u5c11\u306e\u5909\u52d5\u306f\u3042\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u5f53\u793e\u306e\u4e8b\u696d\u898f\u6a21\u3001\u3053\u308c\u307e\u3067\u306e\u696d\u7e3e\u3001\u305d\u3057\u3066\u4eca\u5f8c\u4e88\u60f3\u3055\u308c\u308b\u304a\u5ba2\u69d8\u306e\u4e8b\u696d\u62e1\u5927\u3092\u8003\u616e\u3059\u308b\u3068\u3001\u59a5\u5f53\u306a\u4e88\u6e2c\u80fd\u529b\u3092\u6709\u3057\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3082\u3061\u308d\u3093\u3001\u56db\u534a\u671f\u304c\u9032\u3080\u306b\u3064\u308c\u3066\u3001\u72b6\u6cc1\u304c\u5909\u308f\u308c\u3070\u8a73\u7d30\u3092\u304a\u4f1d\u3048\u3057\u307e\u3059\u3002<\/p>\n<p>Ashwin Shirvaikar &#8212; Citi &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4e86\u89e3\u3067\u3059\u3002\u30b1\u30a4\u30c7\u30f3\u30b9\u306e\u30b3\u30e1\u30f3\u30c8\u306f\u672c\u5f53\u306b\u3042\u308a\u304c\u305f\u3044\u3067\u3059\u3002\u305f\u3060\u3001\u3082\u3046\u5c11\u3057\u7d30\u304b\u3044\u3053\u3068\u3092\u8a00\u3046\u3068\u3001\u7b2c1\u56db\u534a\u671f\u3068\u7b2c2\u56db\u534a\u671f\u3092\u6bd4\u8f03\u3057\u305f\u5834\u5408\u3001\u7a0e\u91d1\u306e\u5f71\u97ff\u3068\u3001\u3055\u3089\u306b\u5148\u306e\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u30fb\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u306b\u3088\u308b\u8abf\u6574\u984d\u3068BNPL\u306b\u3088\u308b\u30a2\u30c3\u30d7\u30b5\u30a4\u30c9\u3092\u5b9a\u91cf\u7684\u306b\u6559\u3048\u3066\u3044\u305f\u3060\u3051\u307e\u3059\u304b\u3002\u3068\u3044\u3046\u306e\u3082\u3001\u5f8c\u8005\u306f\u660e\u3089\u304b\u306b\u4e00\u904e\u6027\u306e\u3082\u306e\u3067\u3042\u308b\u305f\u3081\u3001\u5ec3\u6b62\u3055\u308c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3068\u601d\u3046\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>\u30de\u30a4\u30af\u30fb\u30df\u30ed\u30c6\u30a3\u30c3\u30c1 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u7a0e\u91d1\u306e\u5f71\u97ff\u306b\u3064\u3044\u3066\u306f\u3001\u3044\u3064\u7533\u544a\u3057\u3066\u9084\u4ed8\u3092\u53d7\u3051\u308b\u304b\u3092\u6b63\u78ba\u306b\u628a\u63e1\u3059\u308b\u306e\u306f\u96e3\u3057\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u306f\u3059\u3067\u306b\u3001\u3053\u308c\u307e\u3067\u898b\u3066\u3044\u305f\u6642\u671f\u3088\u308a\u3082\u65e9\u304f\u3001\u9084\u4ed8\u91d1\u3092\u53d7\u3051\u53d6\u308a\u59cb\u3081\u3066\u3044\u307e\u3059\uff08\u300c\u30aa\u30fc\u30c7\u30a3\u30aa\u30ae\u30e3\u30c3\u30d7\u300d\uff09\u3002\u3067\u3059\u304b\u3089\u3001\u4eca\u306e\u3068\u3053\u308d\u3001\u3053\u306e2\u3064\u306e\u56db\u534a\u671f\u3067\u5927\u4f53\u5206\u62c5\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>2\u6708\u4e0b\u65ec\u304b\u30893\u6708\u306b\u304b\u3051\u3066\u7533\u544a\u3059\u308b\u4eba\u3082\u3044\u308c\u3070\u3001\u671f\u9650\u307e\u3067\u7533\u544a\u3057\u306a\u3044\u4eba\u3082\u3044\u307e\u3059\u3088\u306d\uff1f\u305d\u306e\u305f\u3081\u30014\u6708\u304b\u30895\u6708\u306e\u521d\u3081\u306b\u304b\u3051\u3066\u3001\u305d\u306e\u6069\u6075\u304c\u53d7\u3051\u3089\u308c\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002\u3060\u304b\u3089\u3001\u79c1\u305f\u3061\u306f\u305d\u308c\u3092\u671f\u5f85\u3057\u3066\u3044\u308b\u306e\u3067\u3059\u3002\u3067\u3082\u3001\u3053\u308c\u306f\u672c\u5f53\u306b&#8230;&#8230;\u79c1\u305f\u3061\u304c\u60f3\u5b9a\u3057\u3066\u3044\u305f\u3053\u3068\u3001\u3068\u3044\u3046\u3079\u304d\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u3053\u308c\u306f\u672c\u5f53\u306b\u96e3\u3057\u3044\u3053\u3068\u3067\u3001\u4eba\u3005\u304c\u3069\u308c\u3060\u3051\u65e9\u304f\u7533\u544a\u3059\u308b\u304b\u306b\u3088\u3063\u3066\u6c7a\u307e\u308b\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>Ashwin Shirvaikar &#8212; Citi &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4e86\u89e3\u3057\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001KeyBanc Capital Markets\u306eJosh Beck\u3067\u3059\u3002\u8cea\u554f\u3092\u304a\u9032\u3081\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Alex Markgraff &#8212; KeyBanc Capital Markets &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3053\u3093\u306b\u3061\u306f\u3001\u30b8\u30e7\u30b7\u30e5\u306b\u4ee3\u308f\u3063\u3066\u30a2\u30ec\u30c3\u30af\u30b9\u3067\u3059\u3002\u6697\u53f7\u306e\u5782\u76f4\u914d\u5217\u306b\u3064\u3044\u3066\u3001\u3082\u3046\u4e00\u5ea6\u78ba\u8a8d\u3057\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u79c1\u306f\u305d\u308c\u3092\u9003\u3057\u305f\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002\u6e96\u5099\u3057\u305f\u767a\u8a00\u3067\u306f\u4f55\u3082\u805e\u304b\u306a\u304b\u3063\u305f\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u7b2c4\u56db\u534a\u671f\u306e\u52e2\u3044\u3068\u300122\u5e74\u306b\u5411\u3051\u3066\u306e\u3053\u306e\u5206\u91ce\u3067\u306e\u671f\u5f85\u306b\u3064\u3044\u3066\u3001\u4f55\u304b\u3054\u610f\u898b\u304c\u3042\u308c\u3070\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30bd\u30f3\u30fb\u30ac\u30fc\u30c9\u30ca\u30fc\uff08Jason Gardner\uff09 &#8212; \u5275\u696d\u8005\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u3042\u308a\u304c\u3068\u3046\u3001\u30a2\u30ec\u30c3\u30af\u30b9\u3002\u524d\u56db\u534a\u671f\u306b\u304a\u8a71\u3057\u305f\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306f\u3001Coinbase\u3001Bakkt\u3001Fold\u3001Shakepay \u306a\u3069\u306e\u30d1\u30fc\u30c8\u30ca\u30fc\u306b\u5bfe\u3057\u3066\u3001\u4e0d\u63db\u901a\u8ca8\u3068\u6697\u53f7\u901a\u8ca8\u306e\u9593\u306e\u30b2\u30fc\u30c8\u30a6\u30a7\u30a4\u3068\u3057\u3066\u306e\u5f79\u5272\u3092\u62c5\u3063\u3066\u3044\u307e\u3059\u3002\u6697\u53f7\u901a\u8ca8\u306e\u4fa1\u683c\u304c\u5927\u304d\u304f\u5909\u52d5\u3057\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u3053\u306e\u6a5f\u80fd\u306b\u306f\u591a\u304f\u306e\u95a2\u5fc3\u304c\u96c6\u307e\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Marqeta\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3092\u5229\u7528\u3059\u308b\u3053\u3068\u3067\u3001\u6697\u53f7\u306e\u30a4\u30ce\u30d9\u30fc\u30bf\u30fc\u306f\u3001\u9867\u5ba2\u304c\u3053\u308c\u3089\u306e\u30d5\u30a3\u30a2\u30c3\u30c8\u8cfc\u5165\u304c\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u305d\u3057\u3066\u4eca\u3001\u79c1\u305f\u3061\u306f\u3001\u6d88\u8cbb\u8005\u304c\u3053\u308c\u3092\u671b\u3093\u3067\u3044\u308b\u3053\u3068\u3001\u7279\u306b\u6697\u53f7\u306e\u4fdd\u6709\u8005\u306f\u3001\u3053\u308c\u304c\u7d20\u6674\u3089\u3057\u3044\u88fd\u54c1\u3067\u3042\u308b\u3053\u3068\u306b\u6c17\u3065\u3044\u3066\u3044\u308b\u3053\u3068\u3092\u767a\u898b\u3057\u3066\u3044\u307e\u3059\u3002\u4f8b\u3048\u3070\u3001Coinbase\u306e\u30e6\u30fc\u30b6\u30fc\u306f\u3001\u8ca9\u58f2\u6240\u3067Marqeta\u3092\u642d\u8f09\u3057\u305f\u30ab\u30fc\u30c9\u3092\u30b9\u30ef\u30a4\u30d7\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u3001Coinbase\u306b\u901a\u77e5\u306e\u305f\u3081\u306e\u8a8d\u53ef\u3092\u9001\u308a\u3001\u30e6\u30fc\u30b6\u30fc\u306e\u6697\u53f7\u306e\u30d0\u30e9\u30f3\u30b9\u3092\u30c1\u30a7\u30c3\u30af\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u5f7c\u3089\u304c\u627f\u8a8d\u3059\u308b\u3068\u3001Coinbase\u306f\u30d5\u30a3\u30a2\u30c3\u30c8\u306e\u305f\u3081\u306b\u6697\u53f7\u3092\u58f2\u308a\u3001\u53d6\u5f15\u306b\u8cc7\u91d1\u3092\u63d0\u4f9b\u3057\u307e\u3059\u3002<\/p>\n<p>\u3053\u308c\u3089\u306f\u3059\u3079\u3066\u30ea\u30a2\u30eb\u30bf\u30a4\u30e0\u3067\u884c\u308f\u308c\u3001Coinbase\u306e\u30e6\u30fc\u30b6\u30fc\u304c\u8cc7\u91d1\u3092\u9001\u91d1\u3059\u308b\u3053\u3068\u306a\u304f\u3001\u30a6\u30a9\u30ec\u30c3\u30c8\u304b\u3089\u76f4\u63a5\u8cc7\u91d1\u3092\u4f7f\u3048\u308b\u30b7\u30fc\u30e0\u30ec\u30b9\u306a\u4f53\u9a13\u3092\u5b9f\u73fe\u3057\u3066\u3044\u308b\u306e\u3067\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u5404\u9867\u5ba2\u306e\u72b6\u6cc1\u3092\u5177\u4f53\u7684\u306b\u8aac\u660e\u3059\u308b\u3053\u3068\u306f\u3057\u3066\u3044\u307e\u305b\u3093\u3002\u305f\u3060\u3001\u3053\u308c\u3089\u306e\u304a\u5ba2\u69d8\u304b\u3089\u5927\u304d\u306a\u652f\u6301\u3092\u5f97\u3066\u3044\u308b\u3053\u3068\u306f\u78ba\u304b\u3067\u3059\u3002\u3053\u308c\u3089\u306e\u304a\u5ba2\u69d8\u304b\u3089\u306e\u53ce\u76ca\u306f\u3001\u6628\u5e74\u306f\u307b\u3068\u3093\u3069\u306a\u304b\u3063\u305f\u306e\u3067\u3059\u304c\u3001\u73fe\u5728\u3067\u306f\u6570\u767e\u4e07\u30c9\u30eb\u306b\u9054\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u30aa\u30f3\u30c7\u30de\u30f3\u30c9\u30fb\u30c7\u30ea\u30d0\u30ea\u30fc\u3084\u4eca\u3059\u3050\u8cb7\u3063\u3066\u5f8c\u3067\u6255\u3046\u3068\u3044\u3063\u305f\u5206\u91ce\u3068\u540c\u69d8\u306b\u3001JIT\u30d5\u30a1\u30f3\u30c7\u30a3\u30f3\u30b0\uff08Just-in-Time Funding\uff09\u306e\u6280\u8853\u3092\u5229\u7528\u3057\u3066\u3001\u3053\u306e\u3088\u3046\u306a\u30b5\u30fc\u30d3\u30b9\u3092\u69cb\u7bc9\u3057\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u306f\u3053\u306e\u5206\u91ce\u306b\u306f\u3068\u3066\u3082\u671f\u5f85\u3057\u3066\u3044\u307e\u3059\u3002\u79c1\u305f\u3061\u306f\u3053\u306e\u5206\u91ce\u306b\u3055\u3089\u306b\u6295\u8cc7\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u3053\u6570\u65e5\u3001\u30d0\u30a4\u30c7\u30f3\u5927\u7d71\u9818\u304c\u898f\u5236\u3092\u5f37\u5316\u3059\u308b\u547d\u4ee4\u306b\u7f72\u540d\u3057\u305f\u3068\u805e\u304d\u307e\u3057\u305f\u304c\u3001\u79c1\u306f\u6697\u53f7\u5e02\u5834\u306e\u898f\u5236\u306f\u5b9f\u969b\u306b\u91cd\u8981\u3060\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u3042\u308b\u610f\u5473\u3067\u306f\u3001Marqeta\u306e\u3088\u3046\u306a\u4f01\u696d\u3068\u305d\u306e\u9867\u5ba2\u306b\u3068\u3063\u3066\u3001\u3088\u308a\u591a\u304f\u306e\u4fa1\u5024\u3092\u89e3\u653e\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>Alex Markgraff &#8212; KeyBanc Capital Markets &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u3044\u308d\u3044\u308d\u306a\u3054\u610f\u898b\u3092\u3044\u305f\u3060\u304d\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u6700\u5f8c\u306b\u3001Citi\u3068\u306e\u95a2\u4fc2\u306b\u3064\u3044\u3066\u3067\u3059\u304c\u3001\u3053\u308c\u306fFI\u306e\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u306b\u3042\u308b\u6a5f\u4f1a\u306e\u898f\u6a21\u3084\u7bc4\u56f2\u3092\u591a\u304b\u308c\u5c11\u306a\u304b\u308c\u4ee3\u8868\u3057\u3066\u3044\u308b\u3068\u304a\u8003\u3048\u3067\u3057\u3087\u3046\u304b\u3001\u6700\u521d\u306e\u571f\u5730\u306e\u6a5f\u4f1a\u306b\u3064\u3044\u3066\u3060\u3051\u3067\u3082\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30bd\u30f3\u30fb\u30ac\u30fc\u30c9\u30ca\u30fc\uff08Jason Gardner\uff09 &#8212; \u5275\u696d\u8005\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u306f\u3044\u3002<\/p>\n<p>Alex Markgraff &#8212; KeyBanc Capital Markets &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n[\u3068\u3044\u3046\u306e\u304c\u3042\u306a\u305f\u306e\u7b54\u3048\u3067\u3059\u304b\uff1f<\/p>\n<p>\u30b8\u30a7\u30a4\u30bd\u30f3\u30fb\u30ac\u30fc\u30c9\u30ca\u30fc &#8212; \u5275\u696d\u8005\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3053\u308c\u306f&#8230;&#8230;\u3048\u3048\u3001\u79c1\u306f&#8230;&#8230;\u3082\u3063\u3068\u7d30\u304b\u3044\u3053\u3068\u3092\u8a00\u3048\u3070\u3001\u305d\u3046\u3067\u3059\u3002\u3053\u3053\u6570\u56db\u534a\u671f\u306e\u30ed\u30fc\u30c9\u30b7\u30e7\u30fc\u3067\u3001\u5927\u624b\u91d1\u878d\u6a5f\u95a2\u304c\u5f53\u793e\u306e\u6226\u7565\u306e\u91cd\u8981\u306a\u90e8\u5206\u3092\u5360\u3081\u3066\u3044\u308b\u3053\u3068\u3092\u304a\u8a71\u3057\u3057\u307e\u3057\u305f\u3002\u5f53\u793e\u306f\u30d4\u30c3\u30af\u3068\u30b7\u30e3\u30d9\u30eb\u306e\u30d3\u30b8\u30cd\u30b9\u3092\u884c\u3063\u3066\u3044\u307e\u3059\u3002\u30b3\u30de\u30fc\u30b9\u306e\u7834\u58ca\u8005\u305f\u3061\u304c\u30d3\u30b8\u30cd\u30b9\u3092\u69cb\u7bc9\u3059\u308b\u305f\u3081\u306b\u30d4\u30c3\u30af\u3068\u30b7\u30e3\u30d9\u30eb\u3092\u5fc5\u8981\u3068\u3057\u3066\u3044\u305f\u3068\u304d\u3001\u79c1\u305f\u3061\u306f\u305d\u306eDNA\u3092\u53d7\u3051\u7d99\u3044\u3060\u306e\u3067\u3059\u3002<\/p>\n<p>\u73fe\u5728\u3067\u306f\u3001\u7279\u306b\u5927\u624b\u91d1\u878d\u6a5f\u95a2\u306a\u3069\u3001\u3055\u307e\u3056\u307e\u306a\u4f01\u696d\u304cMarqeta\u306e\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u3092\u4f7f\u3063\u3066\u3069\u306e\u3088\u3046\u306b\u65b0\u6a5f\u80fd\u3084\u65b0\u30d3\u30b8\u30cd\u30b9\u3092\u69cb\u7bc9\u3067\u304d\u308b\u304b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u3053\u308c\u306f\u79c1\u305f\u3061\u306b\u3068\u3063\u3066\u6226\u7565\u7684\u306b\u5fc5\u8981\u306a\u3053\u3068\u3067\u3042\u308a\u3001\u4eca\u5f8c\u3001\u3055\u3089\u306b\u529b\u3092\u5165\u308c\u3066\u8a71\u3057\u3066\u3044\u304f\u3053\u3068\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>Alex Markgraff &#8212; KeyBanc Capital Markets &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u5b8c\u74a7\u3067\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30bd\u30f3\u30fb\u30ac\u30fc\u30c9\u30ca\u30fc &#8212; \u5275\u696d\u8005\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3069\u3046\u3044\u305f\u3057\u307e\u3057\u3066\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u8cea\u7591\u5fdc\u7b54\u304c\u7d42\u4e86\u3057\u307e\u3057\u305f\u3002\u305d\u308c\u3067\u306f\u3001\u30b8\u30a7\u30a4\u30bd\u30f3\u30fb\u30ac\u30fc\u30c9\u30ca\u30fc\u304b\u3089\u7de0\u3081\u306e\u3054\u6328\u62f6\u3092\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30bd\u30f3\u30fb\u30ac\u30fc\u30c9\u30ca\u30fc &#8212; \u5275\u696d\u8005\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u30ab\u30a4\u30eb\u3055\u3093\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30de\u30a4\u30af\u3001\u5165\u793e2\u9031\u9593\u76ee\u306b\u3057\u306621\u5e74\u7b2c4\u56db\u534a\u671f\u306e\u6c7a\u7b97\u306b\u53c2\u52a0\u3057\u3066\u304f\u308c\u3066\u3042\u308a\u304c\u3068\u3046\u3002\u307e\u305f\u3001\u30b9\u30c6\u30a4\u30b7\u30fc\u3082\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u8cea\u554f\u3057\u3066\u304f\u308c\u305f\u7686\u3055\u3093\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u307e\u305f\u3001\u8cea\u554f\u3092\u304a\u5bc4\u305b\u3044\u305f\u3060\u3044\u305f\u7686\u69d8\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u7d20\u6674\u3089\u3057\u30442022\u5e74\u3092\u304a\u904e\u3054\u3057\u304f\u3060\u3055\u3044\u300222\u5e74\u7b2c1\u56db\u534a\u671f\u306e\u696d\u7e3e\u306b\u3064\u3044\u3066\u304a\u8a71\u3067\u304d\u308b\u3053\u3068\u3092\u975e\u5e38\u306b\u697d\u3057\u307f\u306b\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u308c\u3067\u306f\u307e\u305f\u3001\u3054\u5b89\u5168\u306b\u3002<\/p>\n<p>\u7686\u3055\u3093\u3001\u304a\u6c17\u3092\u3064\u3051\u3066\u3002\u30d0\u30a4\u30d0\u30a4<\/p>\n<p>&nbsp;<\/p>\n<p>\u4ee5\u4e0a\u3067\u3059\u3002\u4ed6\u306e\u7ffb\u8a33\u5e0c\u671b\u304c\u3042\u308c\u3070\u3054\u9023\u7d61\u3044\u305f\u3060\u3051\u308c\u3070\u691c\u8a0e\u3044\u305f\u3057\u307e\u3059\u3002<\/p>\n<p>\uff0a\u8aa4\u8a33\u306a\u3069\u304c\u3042\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3067\u306e\u53c2\u8003\u7a0b\u5ea6\u306b\u3057\u3066\u3044\u305f\u3060\u304d\u6295\u8cc7\u306f\u81ea\u5df1\u5224\u65ad\u3067\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30d6\u30ed\u30b0\u904b\u55b6\u306e\u52b1\u307f\u306b\u306a\u308a\u307e\u3059\u306e\u3067\u3001\u304a\u624b\u6570\u3067\u3059\u304c\u3001\u5fdc\u63f4\u306e\uff11\u65e5\uff11\u30af\u30ea\u30c3\u30af\u3092\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u81f4\u3057\u307e\u3059\u3002<\/p>\n<p>\u2193\u2193\uff1c\u5fdc\u63f4\u30af\u30ea\u30c3\u30af\u304a\u9858\u3044\u3057\u307e\u3059\uff1e<\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/stockinfo\/ranking\/in?p_cid=11118987\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/stockinfo\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u682a\u5f0f\u6295\u8cc7\u60c5\u5831\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/stockinfo\/ranking\/in?p_cid=11118987\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/americastock\/ranking\/in?p_cid=11118987\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/americastock\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u7c73\u56fd\u682a\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/americastock\/ranking\/in?p_cid=11118987\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/ranking\/in?p_cid=11118987\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u30de\u30eb\u30b1\u30bf ( NSDQ:MQ )2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002 \u826f\u3044\u6c7a\u7b97\u3067\u682a\u4fa1\u3082\u6025\u9a30\u3057\u3066\u307e\u3059\u304c\u3044\u307e\u307e\u3067\u4e0b\u304c\u3063\u3066\u3044\u305f\u5206\u5c11\u3057\u623b\u3057\u305f\u7a0b\u5ea6\u306b\u3057\u304b\u306a\u3089\u306a\u3044\u306e\u3067\u53b3\u3057\u3044\u3067\u3059\u306d\u3002 \u5c06\u6765\u6027\u306f\u975e\u5e38\u306b\u3042\u308b\u3068\u601d\u3063\u3066\u3044\u307e\u3059\u304cSQ\u306b &#8230; <\/p>\n","protected":false},"author":1,"featured_media":228,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[89,76,88,386,105,83],"class_list":{"0":"post-1226","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-72","8":"tag-mq","9":"tag-76","10":"tag-88","11":"tag-386","12":"tag-105","13":"tag-83"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u3010\u7ffb\u8a33\u3011\u30de\u30eb\u30b1\u30bf ( NSDQ:MQ )2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a &#8211; \u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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