Ofer Koren: Before we move on, I would just like to clarify one item in our press release as we’ve gotten a couple of questions. Our prior full year revenue guidance was $406 million to $426 million. There was a typo in the release, so prior guidance again for revenue, $406 million to $426 million.
Operator: Thank you. Our next question is from the line of Scott Berg with Needham & Company. Please proceed with your question.
Scott Berg: Hi everyone! Congrats on a good quarter. I apologize for any background noise, because I’m at the airport. But in Amir’s pre-scripted remarks, I know you talked about the Shopify white label partnership and some excitement around there. But just wanted to clarify, is that progressing this year kind of in line with your expectations; is it ahead of your expectations over the last 90 days, or is it behind? Just trying to get a sense of where you are in that rollout relative to maybe where your thoughts were three or six months ago? Thank you.
Amir Schlachet: Hey Scott! First of all, good travels. And yes, we are advancing I would say very much on track in terms of that part of the partnership with Shopify.
Scott Berg: Got it. It’s very helpful, thank you. And then from a follow-up perspective, was on the new customer bookings. Someone else’s question earlier was on just pipeline commentary . But if you look at your new bookings, your new customer signings in Q3, were there any regions or areas that were materially different than what your expectations going into the quarter would have been?
Ofer Koren: Yes. I think that on the new bookings, we continue to see good momentum there with hundreds of millions signed within the quarter and we do expect it to continue. We are positively surprised with the expansion in the pipeline of Australia and also with the improvement in the last couple of months of the pipeline in Japan. We do expect to see a contribution €“ significant contribution into 2023, but even contribution within signed agreements that would most probably come in even in Q4 this year. We are very positive about it.
Scott Berg: Got it, very helpful. Thanks for taking my questions everyone.
Amir Schlachet: Thanks Scott. Safe travel.
Operator: Thank you. Our next question is from the line of Brent Bracelin with Piper Sandler. Please proceed with your question.
Brent Bracelin : Thank you. Good afternoon. I wanted to go back to maybe the primary driver for new merchants to adopt Global-e. I totally get the benefits of capitalizing on that international traffic and driving higher international cross-border growth, but given the recessionary backdrop, given merchants’ desire to actually reduce cost, have you seen any new or existing merchants now looking to Global-e to actually help lower costs or is it still all about driving incremental growth? Thanks.
Nir Debbi : That’s a great question. Thanks Brent, its Nir. We see both, to be honest. When we speak to merchants, growth comes first, merchants want to grow the top line and want to have a profitable growth and international expansion is a route for it. However, Global-e allows them to do it in a cost-effective manner. We reduced a lot of the complexities that would require a significant CapEx on the merchant side to develop versus whether it be a local payment method, an integration to multiple PSPs or currencies management, or duty management, etc., etc. We have a lot of it. Actually, we are giving out of the box savings and development, as well as efficiencies of scale that we have using our logistics services, which you see is the growth and the adoption of our logistic services as we do have economies of scale that can actually save money for many of our merchants.
So the combination of both the efficiency and the ability to expand the top line, we see it combined, and the discussion is usually combined on both points with new merchants.
