Finding regulatory orifices for fintech products

Using AI in Underwriting: Borrower Income Calculations

Unpacking Embedded Lending: Components, Risk, and Business Models

Where does value accrue in public fintech companies?

Building large embedded lending businesses (consumer and SMB): How to think about building an embedded lending company that could go public. There have been big companies in embedded consumer lending but not in SMB. Why is that the case?

Understanding Aven's business and future potential: HELOC is a growing market and making it accessible through a credit card has been on people's minds for a while. Aven's the first to build a successful product and raised a $142M Series D.

How Onbo grew to $2.5M+ in revenue from billboard ads: At Stilt, we launched a Credit as a Service product in 2022 called Onbo. Sharing my learnings from growing an innovative fintech product from $0 to $2.5M in 6 months.

Analyzing $200M securitization from Brex: Brex announced their $200M securitization a few months ago. I look into their business model, growth, and the unit economics of corporate credit cards.

What happens when your debt facility is in default: You've raised a facility, everything was going great, but then it didn't. No one told you what happens when your facility is in default and how to navigate it. This post will give you an overview.

The anatomy of a loan monitoring audit: Loan audits are a crucial part of managing ongoing risk for debt investors. When you raise debt facilities, investors require you to go through audits quarterly, semi-annually, or annually.

Analyzing Mission Lane's latest $325M securitization filing: Mission Lane is an interesting credit card business that has been on a growth streak. I reviewed Mission Lane's recent securitization filing with takeaways for founders.

Advice for fintech founders - how to work with law firms/compliance and move fast: I wrote this Twitter thread on working with lawyers a while ago but I think it deserves to be a post. It's important for fintech founders to understand and embrace legal and compliance function.

State compliance for lending, servicing, and collections (even with bank sponsorship): All lending companies including the ones using sponsor banks have to register with states. Depending on the structure of the partnership and coverage, your responsibilities may vary. Read the post.

How much data do you need to raise a debt facility: Raising debt still remains elusive. A common question is how much data is needed to raise a facility. I break down what debt investors are looking for and how you can raise your first facility.

A brief guide to building your first lending product: For building financial products, you need to be clear on a lot of details before you start. I'll share how to think of lending a product flow and the key factors for each of them.

Lending business equation for your startup: If your startup expects to earn revenue from lending, here's how to think about your business model. I'll cover the most important revenue drivers, expenses, and their relationship as you scale.

What I’ve learned from 50+ YC mock interview sessions: Stilt was a part of YC W16 batch. Since then, we have talked to many founders preparing for Y Combinator mock interviews. Below are some of the common mistakes founders make in their YC interviews.

Designing and building compliant credit products

Reverse remote - the best hiring strategy

Framework for building a credit startup

Calculating the true cost of a debt facility

A guide to important terms in a debt term sheet

Affirm S-1 analysis: Is it a buy?

Analyzing Upstart's S-1 filing

Recasting incumbents in fintech