“..."easy" enterprise client takes somewhere between 6-9 months. The hard ones, much longer… But once you land them, they stay with you for a long time." – Jose Caldera NEW PARTNERSHIP We are pleased to announce our newest partnership with a US based BaaS Sponsor Bank. We are under NDA so we cannot announce the name but let us explain what it is and what it means for us going forward. A sponsor bank is a chartered, FDIC-insured bank that lets fintechs and other Financial Institutions offer accounts, cards, or payments services through its charter. Our partner targets tech companies, especially those in high-growth sectors. ONE BECOMES MANY Yanez works on behalf of the bank to test the screening systems of its sponsored fintechs. Translation: every fintech the bank sponsors is then a potential client for Yanez. So the revenue potential with just this one client is enormous, with a potential for leading to multiple contracts. And this is just one sponsor bank of many. Each bank is a gateway that serves many fintechs, and each of those can become a client for us. Sponsor banks are scarce, the BaaS market is large. Our expansion is to add sponsor banks one at a time, with each one opening a pipeline of fintech clients. FIRST FINTECH CLIENT In fact, we are also pleased to announce our first paying fintech client under this bank. A mobile remittance app with coverage from several Western countries, with payouts in many destinations including South Asia and Africa. @yanez__ai