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FinTech

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11 min read

Affirm FY2026 Q4 Earnings: $1.17B Revenue, a $1.5B Tax Benefit, and a $9.0B Loan Book

Affirm's fiscal Q4 2026 (ended June 30, 2026) posted $1.17 billion of revenue (+33%) and $14.1 billion of GMV (+36%), but the $4.62 GAAP EPS against a $0.85 consensus was driven by a roughly $1.5 billion non-cash valuation-allowance release — cash taxes paid were about $7 million. Full-year operating income turned positive at $417 million while the $9.0 billion net loan book runs on $9.8 billion of funding debt, modeled FY2022–FY2026 in a public Beancount ledger.

Mike Thrift

affirmopen-ledgerfinancial-analysis
12 min read

How to Reconcile Klarna, Affirm, and Afterpay Settlements Without Losing Track of Revenue

BNPL settlements net fees at the source and deduct refunds from future payouts, so booking the bank deposit as revenue understates sales and breaks your 1099-K tie-out. This guide shows the clearing-account method — one account per provider, revenue booked gross on the order date, fees as their own expense — with a worked $10,000 Afterpay week and a monthly close checklist.

Mike Thrift

paymentsreconciliationrevenue-recognition
13 min read

31 States, One Playbook: What the Money Transmission Modernization Act Means for Your Money-Transfer Business

Thirty-one states have adopted the Money Transmission Modernization Act, harmonizing money transmitter licensing around three financial pillars — tangible net worth on a 3%/2%/0.5% sliding scale, a surety bond equal to 100% of average daily transmission liability between a $100,000 floor and a $500,000 cap, and permissible investments backing every outstanding customer obligation — plus one shared NMLS application process.

Mike Thrift

money-transmittermsbcompliance
10 min read

Your Card Processor Just Got Bought for $24 Billion — Here's What to Check on Your Next Statement

Global Payments closed its $24.25 billion Worldpay acquisition in January 2026, and processor mergers routinely bring migration fees, contract reassignments, and quiet rate creep. Learn how to compute your effective rate (total fees ÷ card volume), the seven statement lines where costs hide, and a 15-minute quarterly audit that flags overpaying above 3%.

Mike Thrift

paymentssmall-businessexpense-management
11 min read

Embedded Business Lending for Freelancers: How to Compare Offers Before You Borrow

Embedded lending marketplaces like Lili's Lendio integration put loan applications inside your banking dashboard, but the lender—not the platform—sets your terms. A practical framework for freelancers to compare net proceeds, total repayment, factor rates, and payment burden, stress-test a slow month, and record the debt properly before accepting an offer.

Mike Thrift

loansfinancingfreelance
11 min read

Real-Time Settlement and Instant Payment Accounting: How FedNow and ISO 20022 Change Bank Reconciliation

FedNow and the RTP network settle payments 24/7, so a bank balance can change before your books do. How to reconcile instant payments with a five-state payment lifecycle (approved, submitted, accepted, settled, returned), a clearing-account chart-of-accounts pattern, ISO 20022 identifiers worth preserving, and a 30-day rollout plan for small businesses.

Mike Thrift

paymentsbankingreconciliation
21 min read

Adyen H1 2026 Financial Report: €803.8B Processed Volume, Take Rate Drops to 16.2 bps, Testing 20 Years of Pricing Discipline

Adyen H1 2026: Net revenue of €1.30B (up 19% YoY, 21% constant currency), processed volume of €803.8B (up 24%), take rate compressed to 16.2 bps after the first tiered pricing in the company's 20-year history—around €48M in revenue forgone—plus its first two acquisitions ever (Talon.One for €750M and Orb for ~€310M), EBITDA margin of 49.2%, tracked line-by-line through a public Beancount ledger.

Mike Thrift

financial-reportingfinancial-analysisbeancount
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