Long Take: Explaining ~100x revenue multiples for Affirm, Checkout, Rapyd, and other fintech companies using systems theory

Hi Fintech futurists --

This week, we look at:

• Over $1 billion in raises announced last week, and over $10 billion in Fintech company value creation: Checkout.com with $450 million at a $15 billion valuation, Affirm more than doubling after its IPO to $30 billion, lending enabler Blend raising $300 million, and payments enabler Rapyd raising $300 million.