Credit Analysis in Tech: Navigating Risk in the SaaS and Fintech Era
The year 2026 has officially decoupled "credit" from "collateral." For decades, the gold standard of lending was physical: if a company wanted a loan, they showed the bank a factory, a fleet of trucks, or a warehouse full of inventory. But in the era of Software as a Service (SaaS) and Fintech, the most valuable assets are invisible lines of code and recurring subscription contracts.
For a...