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  "documentTitle": "2026 02 Investor Deck",
  "authorId": "Bill",
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      "text": "TAM: $135T",
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      "kind": "source-note",
      "text": "1 Nonemployer Statistics, 2021 (Census); Small Business Administration, 2021 (Census). 2 McKinsey: Winning the SMB tech market in a challenging economy: 2021 SMB tech spending, 2023. 3 eMarketer: Cards, ACH, and FedNow will drive B2B payments growth, 2024 estimates, April 2024. 4 Nonemployer Statistics, 2019 (Census); Statistics of US Businesses, 2020 (Census); Government of Canada Key Small Business Statistics, 2021; Eurostat, 2021; Australian Bureau of Statistics, 2022; New Zealand Ministry of Business, Innovation, and Employment, 2022; UK Office for National Statistics, 2022. (Figure includes SMEs in US, CAN, EU, AUS, NZ, and the UK only). 5 Gartner Market Statistics Forecast: IT Spending by Employment Size: 2021-2027, Q1 2023. Includes Software and IT Services spend. 6 Mastercard, World Bank, IMF, and UBS estimates, 2021.",
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      "text": "Number of SMBs and Sole Proprietors, SMB Software Spend, B2B Payment Volume, U.S. Opportunity, Global Opportunity, 34M, $75B, $36T, 72M+, $344B, $135T",
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