Peter: Oh, you will do, okay.
Ken: as well as in the united states really, how many people who undoubtedly are unbanked is still pretty little, it is possibly just 7% for the US because we only work through bank accounts so we lose a very small percentage of our customer base. But we, in america, we type of investment the shoppers’ loans by ACH instantaneously within their bank account as well as in the united kingdom within seconds via their re re payment system.
The news that is good US customers is the fact that finally the united states is needs to meet up with the remainder globe (Peter laughs) when it comes to re re payments. So we’ll have actually same ACHs’ and very soon, the instant funding opportunities are going to become better and better so we look forward to actually providing the sort of credit availability such that if a customer is worried about, for instance, a payment coming in that may overdraw them that we can instantly put those funds into the bank account and prevent overdrafts day. That’s a pretty exciting stage that is next the growth of Elevate and I also think the industry in general.
Peter: Yes, demonstrably you’ve got some borrowers that are gonna, either willingly or unwillingly, perhaps perhaps maybe not spend you right straight back. Is it possible to provide us with some stats or some information about the delinquency prices for the items?
Ken: Yeah, truly, whenever we examine our economic goals as a general general public business they’re really threefold, strong top line growth therefore we have actually delivered that we grew from $72 million in revenue in 2013 to nearly $700 million in revenue in 2017 also expanding margins and then the third being consistent in improving credit quality with…as I mentioned.