Widening & narrowing moats in Fintech - by Akash Bajwa

7 Powers in Fintech and building switching costs upon the foundations of network effects

Join 2,400+ Founders, Investors and Operators for weekly Missives on software strategy and technology trends below. As always, if you enjoyed this please share it with your friends and colleagues. You can find me on akash@earlybird.com. Hamilton Helmer’s 7 Powers capture most of the most commonly cited vectors of defensibility in software and fintech. Of the 7 powers, network effects and switching costs are the most important predictors of superior margins and performance in Fintech, preserving hundreds of billions in revenue and trillions in market cap for incumbents. Direct and…

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