Brazil

“We bought, in partnership with Mubatala, all of the Burger Kings and Popeyes there, and then, since then, we've bought out of bankruptcy the Subway, and we've bought the Starbucks out of bankruptcy as well.”

“Management has figured out how to use AI and cameras and computer vision In order to figure out how to reduce the food waste by 35%, which has actually led to better margins for the company as well.”

“We bought just over five times cash flow.”

“It was used in the early 2000 in Brazil for voting, for Asia, for financial services. So the consumerization of biometrics was happening outside the US, whereas I had only seen it in the defense area in the US.”

“I invested in the number one investing platform in Brazil when there were only 80,000 people that own stocks in Brazil and now ten million people own stocks... XP. It's publicly traded, ten billion dollar market cap. I invested when they were nothing.”

“If you look at the rest of the world, you can buy Europe at 14 times earnings, you can buy Brazil at nine times earnings, you can buy Mexico at 10 times earnings.”

“We have a platform that 97% of financial institutions use for digital onboarding. Turns out Brazil is the world capital of online fraud, and this is the one company that catches it”