PSQ (PSQH) The 38th Annual Roth Conference summary

Leadership evolution and strategic pivot

• Acquisition of Credova in March 2024 led to a shift in executive leadership, emphasizing fintech expertise.

• Board pivoted focus from marketplace and brands to fintech in August of the previous year, targeting higher growth and margins.

• Leadership transition favored those with fintech backgrounds to drive the new strategy.

Business repositioning and operational focus

• Transitioned from a commerce platform to a payments and financial infrastructure provider, sunsetting marketplace and brand divisions.

• Emphasized capital efficiency and scalability of fintech over marketplace models, leveraging AI for operational gains.

• Focused on core payments and credit business, reducing fragmentation and improving unit economics.

Industry trends and technology adoption

• Payments industry is undergoing a transformation with the introduction of stablecoins, compressing legacy payment stacks and reducing fees.

• Anticipates faster, seamless transactions aligned with Gen Z preferences and micro-transactions.

• Plans to be an early adopter of stablecoin payments, leveraging established trust in regulated and high-risk markets.