exactly where AI-native underwriting, cashflow analytics, and automation win.
Investors globally will be backing
•AI lenders
•embedded finance
•infra players
where AI meets licensed financial services and lending profit pools, will turn out to be outliers
"Fintech's moats don't compile"
Everyone says AI kills software moats. But fintech isn't simply a subset of software... it just cosplayed as one for a decade to get the multiple.
And AI is about to expose who was faking it.