 Hello, Slash. Hello, everyone. I'm Naoko, a founder and the CEO at Koini. Today, I want to convey what we learned through Koini. So back in October 2011, I left PayPal to start Koini. I was a starting member of PayPal Japan, and I was in charge of marketing. But I left PayPal to create Koini. What I wanted to do is make it much, much easier to accept payments for small owners out of line. So I started Koini. And today, what we are doing is we started our service with the tiny credit card reader with smartphone, but changed it to the Bluetooth connected device to accept IC card reader, and also Magstripe reader. And last summer, we added the online payments. And this summer, we added, we are starting to the QR code-based payment. Probably, we will be launching soon. And also, now, AI-based lending engine being developed with the bank partner. So we are expanding our business. And this is how we grow. The actual numbers are not open, but we are growing and growing. So now we have 40 members and just closed series C funding last month. But until this stage, we had a lot of issues. We faced a lot of toughness. So today, I want to share what we learned from our experience. So back in 2012, we launched the stealth website like this. We wanted to launch the first disservice. We wanted to be the first mover to release this service. But there are a lot of hard things. We couldn't launch our service for more than one year since we launched the stealth website. Why? Because we needed a contract with the acquirer, I mean, the credit card company. But we couldn't get a contract with them to get started because we had nothing. We had any trust, but we didn't have any trust to run this service. So our challenge, biggest challenge was to build trust with partners and with customers. And trust, there are three types of trust. First, service. If the service works well, works safely. And second, people. This management team are good or not. This organization works well or not. The third is money. It means capital. So let me explain that each one. The service, we need secure and reliable system that coiny works well. And this is the most easy part. We are good at developing the applications or hardware because we have great engineers, designers, hardware design engineers. So we could develop this easily. But we faced the tough issues, encrypted card reader issue. There are no regulations when we started this business. There are no encrypted regulations in Japan. So we needed to remodel four times to launch. We remodeled four times to change the encryption style until launch to get contract with the acquirer. It took a much cost. And it stole our times. Also, we need to get license certificate called PCI DSS, which I didn't know until when I started this business. We needed this license to get started. This was much easier than manufacturing the reader because there wasn't a certain regulations, global regulations. So I needed to get certificate of this. But there was one issue. I wanted to all our system to be developed in cloud. And no financial service at that time was built in Japan in cloud. So I cooperated with the AWS global team and also local Japanese team to meet criteria and to get the certificate. And finally, we could get the certification all in developing in cloud. It really takes cost. We raised seed round to $100,000 and almost more than half of the I invested in developing this security system. The second people, management team, when I started this service, I was 27. And management team was only me. So I was always said, you need someone in their 40s or 50s with gray hair to make deal with more easier. So I found the guy in 40s or 50s that fit in our team. Then I found the guy who worked as cyber agent. This is Saizu-san. He used to be the COO at Cyber Agent, which is one of the biggest internet company in Japan. And he just left Cyber Agent and seeking for the next step. So I met him and asked, why don't you come to join us? If you want it, if you are interested, I give you the position of CEO. Since then, it's past five years, and I'm still in CEO position. But he joined us as a director. The other person was Iyo-san. He was my ex-colleagues and also used to be my temporary boss. He worked at PayPal and left PayPal, started work to Tesla. And again, he came back to PayPal and doing an important job. I knew it, but I offered him. We wanted to work with you. We needed work with you. I went to coffee and dinner several times. And every time, I explained why we needed you and how we needed you. And finally, he joined us. So we could well experience team to be trusted from the partners. And third is money. We needed enough capital. This business needs money. And there are two reasons. One, we need a sense of safe to customers or partners. And the other is we actually need money to manufacture the reader or develop the secure system. So until launch, I raised $1 million in total. But I need more and more money. So we raised $13 million. It was kind of huge because we haven't had much traction yet. So we were successfully raised money to start this business and get be trusted. So what we have the most difficult issue was to get trust. Get trust. Trust is not built in a day. Trust takes cost. Trust takes time. So especially in financial area, trust is really, really important. So for the startup, probably many of FinTech's startups faced how you build trust. But on the other hand, our luckiness. There was two luckiness here. One, market and timing. And the second, good community. So there was a market. We selected the right market and entered the right timing. We took a long time to launch, until launch our service. But it was not too late. We couldn't make it. We made it on time. So there are a lot of customers who wanted to use our service. And there was a market. And timing was good. This is really important. So a lot of entrepreneurs, since I founded this company, and entrepreneurs are very smart. But if they didn't select the right market, even if they are smart, they're going to fail. Also, the timing is important. If selected the right market, but if too late to enter the market, it's also going to be fail. So the market and timing, that is one of the key points to success to the industry. The second is community. I was lucky in a good community. Because when I was a student, I worked at the venture capital as an intern. And even starting at PayPal, I was working as an intern. And then changed full-time worker. So I knew the community. I knew the people. I knew the investors. And the community helped me a lot. Helped our team a lot. Every time I faced the toughness, failure, every time community supported us. So being in a community is also one of the big key to the success. Today, probably there are a lot of students here. And there are young people who are willing to do their own startups or interested to join a startup. You are in a good place. Because people you met today, a friend you came with, among those people, the next star will come up. Also, they're going to be entrepreneurs. So being in a good community is really, really important. Since we started this company, it's past five years. This market was really crowded with the big players, like Rakuten, Softbank, and Square. And we always said, why don't you give up? Or it's time to people. Or it's impossible to do your business for years. But we believed we can do it. And we believed we are going to be number one. We ranked the bottom at the start. We ranked bottom for years for the first one or two years. But probably, we'll be the second this year. And we are still aiming the number one. So it's really important to don't give up. To change the big market, it takes time. Sometimes for 10 years, sometimes 20 years. And to do for a long period of sustainable, it needs trust. Trust takes time. Trust costs a lot. And it loses in a minute. So let's build up the trust one by one from today and get the success in the future. You can do it, and we can do it. Thank you.