@zoozai_invest Avatar @zoozai_invest Shira Zevin

Shira Zevin posts on X about $upst, business, $lbzz, model the most. They currently have [---] followers and [---] posts still getting attention that total [---] engagements in the last [--] hours.

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Social Influence

Social category influence stocks 56.3% finance 37.82% technology brands 5.04% automotive brands 2.52% cryptocurrencies 2.52% countries 0.84% social networks 0.84%

Social topic influence $upst #29, business 15.13%, $lbzz 11.76%, model 10.08%, ipo #506, ai 7.56%, $fisv #9, $afrm #54, in the 5.88%, auto loans 5.88%

Top accounts mentioned or mentioned by @travishoium @fiscalai @mrbennychan @markledain @quiverquant @tnt092018 @paultheli @joecarlsonshow @speculatorio @paulcerro @investingvisual @pelositracker @meetblossomapp @humbledtrader18 @eugeneng @rihardjarc @themattharbaugh @mrderivatives @adrewrogers @alexbelogubov

Top assets mentioned Upstart Holdings, Inc. (UPST) Fiserv Inc (FISV) Affirm Holdings, Inc. (AFRM) Fiserv, Inc. (FI) Credit Acceptance Corp (CACC) Carvana Co. (CVNA) Klarna Group plc (KLAR) Figma, Inc. (FIG) Hut [--] Mining Corp. (HUT) OneMain Holdings, Inc. (OMF) Pagaya Technologies Ltd. Class A Ordinary Shares (PGY) Synchrony Financial (SYF) CarMax, Inc (KMX) NuCypher (NU) Bitcoin (BTC) Alphabet Inc Class A (GOOGL) PayPal Holdings Inc (PYPL) Ally Financial, Inc. (ALLY)

Top Social Posts

Top posts by engagements in the last [--] hours

"I was waiting to see what Lendbuzz ( $LBZZ ) IPO would price at. Now with First Brands and Tricolor bankruptcies Im starting to wonder if it happens at all. If it does maybe well actually see a reasonably priced IPO. Hope so"
X Link 2025-10-04T17:55Z [---] followers, [---] engagements

"Today Synchrony ( $SYF ) reports earnings before the open. This could genuinely be one of the more interesting opportunities out there. But since the announcement by Donald Trump about a potential 10% cap on credit-card interest for a year the risk feels too high for me right now. I dont think such a cap in the way its currently suggested is reasonable and Im skeptical it will actually be implemented. Still predicting the behavior of the current U.S. president isnt something Im comfortable betting on. So for now Im staying on the sidelines. Ill be watching the results closely though"
X Link 2026-01-27T10:38Z [---] followers, [---] engagements

"Post [--] of [--] Another super interesting dimension emerged once I stopped looking only at borrower characteristics and asked a different question: What do these companies actually bundle and how quickly do they sell originated loans At one extreme sits $CVNA. Its trusts are composed almost entirely of loans originated in the same year. Which could mean: it keeps essentially no loans on the balance sheet or loans it cant sell quickly are simply unsellable even years later. On the other end of the spectrum sits $ALLY especially in non-prime segment. Here loans entering a trust can be [--] years old"
X Link 2026-02-02T22:12Z [---] followers, [---] engagements

"@mr_Benny_Chan Thanks for the insight. You're right to call the fact that $KMX also securitizes from previous years usually [--] year back is the most dominant"
X Link 2026-02-03T11:09Z [---] followers, [--] engagements

"@mark_ledain Just treat it as opportunity at least regarding $FISV"
X Link 2026-02-04T10:55Z [---] followers, [---] engagements

"With $FISV earnings coming up early next week this is a good moment to revisit my take on the business 🚨Why $FISV looks less like a broken business and more like a great infrastructure company paying the price for years of short-term optimization and underinvestment. I just published a new blog post diving deep into whats actually going on under the hood business mix margins 🚨Why $FISV looks less like a broken business and more like a great infrastructure company paying the price for years of short-term optimization and underinvestment. I just published a new blog post diving deep into"
X Link 2026-02-05T17:36Z [---] followers, [---] engagements

"$UPST earnings are coming this week and I know a lot of people will be digging through the numbers once the report is out. Im opening a small private MVP that I built to help with exactly that- asking concrete questions and getting answers straight from the 10-K / 10-Q with the exact source attached every time. This is a free early-stage product very much an MVP and Ill only be able to open it to a small group (around [----] users) due to compute limits. Its built for investors who care about primary sources and want to validate things themselves. Theres a short demo below showing the"
X Link 2026-02-09T00:21Z [---] followers, 10.7K engagements

"Before $UPST earnings tomorrow: Would you rather: Trust an AI summary or skim [--] pages or ask a question and instantly see the source text Were building #3. Early access 👇"
X Link 2026-02-09T23:17Z [---] followers, [---] engagements

"All the changes in $UPST personnel with details: CEO transition Paul Gu (Co-founder) appointed CEO effective May [--] [----] Base salary: $540k Target bonus: 100% Equity: $37M PRSUs Dave Girouard steps down as CEO: Becomes Executive Chairman w/ base salary reduced to $15k remains on the Board President & Chief Capital Officer Sanjay Datta appointed President & Chief Capital Officer (effective immediately) Base salary: $485k Target bonus: 100% Equity: $7.5M PRSUs (same performance framework as CEO) CFO transition Andrea Blankmeyer appointed CFO effective March [--] [----] Datta remains CFO until then"
X Link 2026-02-10T21:20Z [---] followers, [---] engagements

"Started digging through $UPST s annual report and found several subtle but important changes most people will miss. Let's dig in 👇"
X Link 2026-02-12T13:22Z [---] followers, [---] engagements

"6/ Also language suggests deeper automation in servicing. Looks like theyve begun incorporating more agentic / automated decision flows on the operational side. If true thats a margin + scalability lever not just a tech feature"
X Link 2026-02-12T13:22Z [---] followers, [---] engagements

"@QuiverQuant On the other hand $SNOW's insiders are actively selling millions of dollars' worth of shares. It's not just one insider it's a bunch of them. Just today another one filed to sell $4.2 million worth"
X Link 2025-06-24T19:03Z [---] followers, [---] engagements

"@tnt09_2018 @fiscal_ai Because"
X Link 2025-07-02T20:44Z [---] followers, [--] engagements

"1/ Still figuring out how money flows at Upstart ( $UPST). Its not complex in a bad way just layered. Every step has various options. Lets break it down one piece at a time. First stop: Loan Originations 🧵"
X Link 2025-07-08T17:42Z [---] followers, [---] engagements

"Off topic. First time I truly felt how tricky it is to ship real features when you're vibe-coding or leaning heavily on AI helpers. The AI confidently gave me this little snippet: Seems fine right But its dangerous. Anyone see why #buildinpublic #ai #startuplife #security #python"
X Link 2025-07-10T20:53Z [---] followers, [--] engagements

"@PaulTheLi It was a security bug. The code logs something generic internally but outputs the exception to the client uncensored. I realized it while I was testing and got a very detailed and revealing response from the API with details on the permissions of the service account 😟"
X Link 2025-07-12T18:22Z [---] followers, [--] engagements

"3/ The first number that caught me off guard 👉 Customer Acquisition Cost (CAC): $6.4 👉 LTV/CAC ratio: 30x Those are wild numbers almost too good to be true. So I looked closer"
X Link 2025-07-14T19:18Z [---] followers, [--] engagements

"7/ Lets be real: Lots of people never cancel a credit card. They just stop using it. The app sits idle. Balance stays at zero. Life moves on. Thats still churn even if its not reported that way. Especially when there are no fees or penalties to stay passive"
X Link 2025-07-14T19:18Z [---] followers, [--] engagements

"Saw a lot of folks dismissing the GS downgrade on $UPST. But even Upstart themselves acknowledge that funding can dry up fast when macro conditions worsen. They faced it in [----]. They've made progress (committed capital co-investments) but lets not act like the risk vanished. We can disagree on valuation thats about how you incorporate beliefs assumptions future expectations. But the funding risk Thats a fact. And pretending its not is just bad analysis"
X Link 2025-07-15T11:49Z [---] followers, [---] engagements

"Going back to the active users comparison- adding a new definition I just came across 🔹 Klarnas way: Made a purchase a payment or just logged in over the past [--] months. 🔹 $PYPL s version: Completed a transaction on our platform in the last [--] months. 🔹 And now $NU s way: All customers that generated revenue in the last [--] days for a given period. The difference might seem subtle but I think its telling. Each one reflects a slightly different focus: 👉 engagement vs. transactions vs. revenue contribution. Which definition gives the clearest picture of true business momentum And which one"
X Link 2025-07-15T20:02Z [---] followers, [---] engagements

"@joecarlsonshow Be scared when everyone gets greedy said someone"
X Link 2025-07-23T20:03Z [---] followers, [--] engagements

"🚨 Just published: $FIG s IPO - Product Love Meets Liquidity Games 💻📈 Everyone loves Figma. But this IPO Its not your typical growth raise. This breakdown covers: Why only 7.6% of shares will float How RSUs + insider control shape the structure The CEOs wild vesting curve And why this is more exit than expansion 📖 Full deep dive here: https://www.zoozai.net/blogpostid=aea8f575-18e3-4c9e-8bc4-e3835e510caf https://www.zoozai.net/blogpostid=aea8f575-18e3-4c9e-8bc4-e3835e510caf"
X Link 2025-07-30T20:18Z [---] followers, [---] engagements

"2/ Still a few thoughts came to mind when I looked at the loan breakdown by ITAC score. $AFRM 's ITAC model is supposed to assign every potential loan a score between [----] based on: Credit bureau data Affirm repayment history Credit usage Other internal data & more"
X Link 2025-08-18T13:26Z [---] followers, [--] engagements

"Among all the chaos in financial markets Im fetching all public auto-loan ABS data- loan-by-loan monthly over the past year totaling 70M+ loans. Covers [--] major auto lenders and platforms. With names like $CVNA $KMX $ALLY Honda Toyota World Omni and more. The data is now loading and going through initial processing so its actually usable. This week should be full of insights. https://twitter.com/i/web/status/2018038062731931880 https://twitter.com/i/web/status/2018038062731931880"
X Link 2026-02-01T19:05Z [---] followers, [---] engagements

"Continuing the analysis Im now moving from non-captive lenders to captive auto loans- loans originated by the auto manufacturers themselves. In the dataset this includes Ford Honda Hyundai Nissan Toyota BMW and Volkswagen spanning everything from mass-market to luxury. Before even getting into borrower mix the data makes one thing very clear: because the car is the product and the loan is primarily a sales enabler APRs are mostly in the mid-single digits pools are overwhelmingly prime and across most parameters there is far less fluctuation over time compared to non-captives. Against that"
X Link 2026-02-03T20:47Z [---] followers, [---] engagements

"Super interesting IPO coming up- Clear Street. Never heard of them before but once I started reading the prospectus it actually sounds very interesting. Why Fintech. Already profitable. Nice margins. Fast growth. And a business thats quite easy to understand-capital markets infrastructure. Itll take time to read through the entire prospectus and an IPO filing deserves that attention. Until then a few numbers / facts: 3.8% of total U.S. equity clearing volume goes through the platform Revenue driven mainly by net financing spreads + transactions Their platform unifies trading & execution risk"
X Link 2026-02-10T21:03Z [---] followers, [---] engagements

"1/ Among the advantages $UPST lists to investors are the returns. In the 2023+2024 report they showed returns for loans from [----] to present. However in this years report I read: An equal investment in loans originated Q423Q325 is expected to deliver 11.3% returns Spot the difference The Lookback window completely changed Whenever companies make statements incomparable across filings I turn detective mode on. Why Credit performance usually looks strongest early in. Shortening the window can mechanically improve headline returns even if nothing actually improved. Not saying that happened. But"
X Link 2026-02-12T13:22Z [---] followers, [---] engagements

"3/ One business case was removed from the list of cases using AI. The servicing prioritization ML model. My interpretation: Likely didnt generate enough economic value relative to operational complexity. In lending models dont just get retired for being bad they sometimes get retired for solving low-value problems"
X Link 2026-02-12T13:22Z [---] followers, [--] engagements

"4/ $UPST has expanded its personal loan size range Previous reports it was up to $50K In this report it's up to $75K Seems like they're stepping up in personal loans. Hopefully that has to do with improved model confidence capital supply increase and probably rise in risk tolerance. Good to see. https://twitter.com/i/web/status/2021937964255760468 https://twitter.com/i/web/status/2021937964255760468"
X Link 2026-02-12T13:22Z [---] followers, [---] engagements

"5/ $UPST internal comparison vs. traditional underwriting changed meaningfully. In prior reports they stated having +101% approvals with 38% less APR In this report only +43% approvals and 33% APR. This could mean a lot of things I'd say it most probably indicates their cautiousness (or their partners') in approval rate baked into the model. https://twitter.com/i/web/status/2021937966348734475 https://twitter.com/i/web/status/2021937966348734475"
X Link 2026-02-12T13:22Z [---] followers, [---] engagements

"I like looking at a business as a whole and small changes are often what help build the bigger picture. All of these came just from the first Business section of $UPST latest filing. More as I keep reading"
X Link 2026-02-12T13:22Z [---] followers, [---] engagements

"📰 Market sentiment had Clear Street cut its IPO price by 3040%. The business is interesting growing super fast (and profitable) In the first [--] months of [----] they earned $157.2M up from $20.7M in the same period last year. Revenue grew 160% to $783.7M. Really impressive growth. Still at around a $7B valuation for me its a bit expensive at this stage. Will wait for a better entry point . More on the business is coming. Super interesting IPO coming up- Clear Street. Never heard of them before but once I started reading the prospectus it actually sounds very interesting. Why Fintech. Already"
X Link 2026-02-12T22:59Z [---] followers, [---] engagements

"Wow. Clear Street stopped its IPO at the last minute due to market conditions after its price got slashed and probably because they feared a massive decline once trading started. $ETOR has done that before and after a couple of months eventually IPOed. Lendbuzz did it a few months ago as well and will probably try again if things get calmer. I really thought we had a chance to get it at a discount https://twitter.com/i/web/status/2022314045433393410 https://twitter.com/i/web/status/2022314045433393410"
X Link 2026-02-13T14:16Z [---] followers, [---] engagements

"1/ $UPST s new [----] convertible note terms will likely be announced tonight. Thats when well learn the interest rate the stock price trigger for conversion and how much dilution protection the capped call provides"
X Link 2025-08-11T19:46Z [---] followers, [---] engagements

"2/ If $UPST uses part of the proceeds to repurchase [----] convertibles (as they mentioned) some holders may close short positions creating short-term buying pressure similar to what happened in past deals"
X Link 2025-08-11T19:46Z [---] followers, [---] engagements

"1/ So unlike $KLAR or $UPST who take pride in their ML-powered underwriting models $AFRM just quietly references its ITAC score. And even then only as a risk model. Either theyre using different terms or its more of an old-school scorecard than true machine learning"
X Link 2025-08-18T13:26Z [---] followers, [---] engagements

"$FISV just released full-year results. As Ive said before- no broken business case here. Management was razor-sharp on the call. They explicitly said no negative surprises since the last update. In fact some positives emerged. They were also very clear: meaningful improvement (One Fiserv) takes work and they expect progress to show closer to end of H1 [----]. The Financial segment is clearly where most of the pain sits. Since [----] Fiserv has been modernizing the solution. Prior management pushed forced upgrades which drove client attrition. Thats no longer the approach. Other notable points:"
X Link 2026-02-10T14:09Z [---] followers, [----] engagements

"$UPST That CEO transition in full force"
X Link 2026-02-10T21:33Z [---] followers, [----] engagements

"💪 Another strong validation on $FISV value positioning. San-Francisco based investment manager Dodge & Cox managing hundreds of billions increased its stake to 9.2% of Fiserv. They first disclosed a 7.1% holding in mid-November. Yesterdays filing shows a jump to 9.2%. Dodge & Cox runs an active deep value approach. Theyll probably stay below 10% to avoid insider reporting requirements. https://twitter.com/i/web/status/2022780425467199966 https://twitter.com/i/web/status/2022780425467199966"
X Link 2026-02-14T21:10Z [---] followers, [---] engagements

"$SYF reported monthly loan performance stats. January charge-offs came in at 4.7% down from 6.2% a year ago (-24% YoY) and the lowest level in the past [--] months. Delinquencies largely unchanged. Credit trend stabilizing. Strong start to the year 💪"
X Link 2026-02-14T21:17Z [---] followers, [--] engagements

"Wrapping up $AFRM. I went to check out their careers page. Funny how much you learn about a company from the jobs theyre hiring for. First impression: very tech-driven even more than I expected from reading the reports. They even have an Experimentation Unit which is pretty advanced for a nontech-native company. What did match the reports is the vibe of transparency- maybe even honesty. And I like that. Always good to do business with good people. That said I wasnt blown away from the company as a whole. Nicely run business but I didnt see enough to believe their tech or underwriting edge is"
X Link 2025-08-19T21:06Z [---] followers, [---] engagements

"1/ Just started re-reading $KLAR s new prospectus and a few lines in I was reminded what bugged me the first time: selective use of numbers. This time its closer to misleading"
X Link 2025-08-20T18:38Z [---] followers, 16.6K engagements

"@Speculator_io I don't see why $AFRM with the current pricing has any edge"
X Link 2025-08-24T20:52Z [---] followers, [---] engagements

"I kinda agree. I can tell that lots of their success is attributed to fantastic product analytics and obsessive user analytics and feedback. They develop what people want make the UX awesome and know how to double down on cross/up-sell opportunities. It's not a classic moat but it's something nevertheless"
X Link 2025-08-25T20:36Z [---] followers, [--] engagements

"TBH # of features used in a model is not an indication of a good model. Neither is it a sign of sophistication. I work in data science creating features could be a creative process that gives advantage - but the measure of that is always the end-results. Meaning how good your predictions are. Number of features could be at times (not saying this is the case in $UPST) a result of a bad trimming process of features. because creating features is not that hard - you've got automl's that come up with tons of variations from core features. And in any case there's pareto of features - value in ML as"
X Link 2025-08-26T08:02Z [---] followers, [--] engagements

"@paulcerro I agree "mined" diamonds will suffer. The only issue is that lab grown diamonds prices decrease even faster 🫤"
X Link 2025-09-02T20:14Z [---] followers, [--] engagements

"The more I study $HUT the more I love the vertical integration: ⚡ Power owning/managing generation & transmission assets (some directly powering mining + HPC some monetized to third parties) 🖧 Digital Infrastructure purpose-built colocation & data centers 🖥 Compute $BTC mining + GPU-as-a-Service Not every BTC mine runs on owned power but this flexible layered model lets Hut prioritize high-margin workloads reduce costs where possible and scale across energy digital and compute. A thoughtful multi-layered play"
X Link 2025-09-03T20:54Z [---] followers, [---] engagements

"@InvestingVisual Great visual Would probably pick BYD as the better business and add some Tesla to ride the vibe"
X Link 2025-05-18T21:24Z [---] followers, [---] engagements

"@PelosiTracker_ Unbelievable"
X Link 2025-05-20T21:45Z [---] followers, [----] engagements

"The US is doing it smartputting it all in stocks from day one. In Israel parents could choose between banks and stocks for child savings. But families with less financial literacy often chose low-growth options so the default was shifted to stocks. A small policy changehuge long-term impact"
X Link 2025-05-27T08:43Z [---] followers, [---] engagements

"@meetblossomapp Best stat of the day"
X Link 2025-05-28T21:35Z [---] followers, [---] engagements

"@HumbledTrader18 Kudos for the honesty super interesting"
X Link 2025-06-09T13:59Z [---] followers, [----] engagements

"@eugeneng @RihardJarc The trend is inevitable. Even when using Google as the only tool people werent looking to search- they were looking for answers and that's exactly what GPT-like tools give effortlessly"
X Link 2025-06-11T05:58Z [---] followers, [---] engagements

"@themattharbaugh Investor's own behavior should probably come first. Because the rest could be solved by just buying large indices and holding them for long enough"
X Link 2025-06-11T11:47Z [---] followers, [--] engagements

"Meet RSEL Electronics ($RSEL.TA) Niche Israeli defense electronics firm. Supplies Rafael Elbit & more. It's [--] years old president CEO & co-founder is looking to step down and sell his holdings"
X Link 2025-06-15T20:08Z [---] followers, [--] engagements

"@TravisHoium Way to go. One of the most important lessons you could give them"
X Link 2025-06-16T16:00Z [---] followers, [--] engagements

"5/ After trying $MNDY for a while I realized how much simpler task management can be. Plenty of competitors offer more intuitive options"
X Link 2025-06-23T21:20Z [---] followers, [---] engagements

"@Mr_Derivatives Peace pays"
X Link 2025-06-24T10:06Z [---] followers, [---] engagements

"I think he answers in the question theyre Millennials. No memory of socialisms reality only its TikTok rebranding"
X Link 2025-06-25T18:23Z [---] followers, [---] engagements

"@adrewrogers Good read thanks for sharing"
X Link 2025-06-30T08:58Z [---] followers, [--] engagements

"I still think $HOOD is expensive. But todays 14% pop Totally get it. Tokenizing two of the most interesting private companies Brilliantly insane move. And on top of it all- in the EU where $HOOD has barely scratched the surface"
X Link 2025-06-30T20:25Z [---] followers, [--] engagements

"@fiscal_ai Just shows why daily moves should be completely ignored"
X Link 2025-07-02T19:55Z [---] followers, [---] engagements

"1/ In B2C there's no such thing as average. Not an average user not average spend per user or anything of that sort. Everythings just heavily skewed. This is why I almost ignore all KPIs B2C companies voluntarily expose it's just too easy to make them look good"
X Link 2025-07-03T19:16Z [---] followers, [--] engagements

"3/ The more probable case is: Most users (I'd bet more than 90%) just spent the same maybe even less. So how did ARPU rise so much A few whales spent a LOT they skewed the average"
X Link 2025-07-03T19:16Z [---] followers, [--] engagements

"Skipping the Risk Factors section is tempting. It's long vague and full of boilerplate like: We may be affected by economic conditions But in most cases buried among the generic words you'll find one or two pieces of information that you wont find anywhere else. an incident of employee misconduct "Manual processes in IT" "Long onboarding timelines of [--] - [--] months" These are great for really trying to understand the business. #ValueInvesting #10K"
X Link 2025-07-07T16:33Z [---] followers, [--] engagements

"7/ Try this: Look at what happens if $UPST loan models are wrong by 10% 20% 30%. Does equity get wiped Do they breach covenants Would lenders still be comfortable Most data is provided you just have to pick it up"
X Link 2025-07-10T14:13Z [---] followers, [---] engagements

"8/ That kind of quiet inactivity: Doesnt show up in $NU's churn Still impacts revenue Still shortens the true customer lifetime Distorts the LTV projection (which is already based on 10-year lifetimes) Very optimistic"
X Link 2025-07-14T19:18Z [---] followers, [---] engagements

"@AlexBelogubov Kudos for not quitting. May I ask how did you end-up selling some of them"
X Link 2025-07-17T13:01Z [---] followers, [--] engagements

"OneMain ( $OMF ) reports Friday before the bell. After $PGY crushed expectations curious to see if that good vibe extends to the rest of retail lending- $TREE $UPST etc. Could be a nice read on how consumers are really doing"
X Link 2025-07-20T14:17Z [---] followers, [---] engagements

"@realroseceline Mine was too I started following more accounts to diversify it. Its never great to be stuck in just one narrative"
X Link 2025-07-22T13:08Z [---] followers, [---] engagements

"3/ To me that shows how underwriting is becoming a real competitive lever. Its not just about who lends its about how smartly you lend. $PGY s system learns adapts and prices risk in a way that feels increasingly hard to compete with manually"
X Link 2025-07-22T18:31Z [---] followers, [---] engagements

"4/ Sure they also run efficient funding structures (ABS forward-flow deals etc.) but the real unlock is the credit quality improvement. Better underwriting means lower losses better margins and confidence to keep growing"
X Link 2025-07-22T18:31Z [---] followers, [--] engagements

"@TravisHoium Curious to know why stop loss is on the list"
X Link 2025-07-22T18:34Z [---] followers, [--] engagements

"@TravisHoium As a mother and a builder I can say this is spot on"
X Link 2025-07-22T19:30Z [---] followers, [--] engagements

"8/ So when $UPST says Model [--] led to a 15% lift in originations It lands differently knowing theyre testing new models in the wild not just in Jupyter notebooks. Its not flashy. But its one of the most durable edges in fintech"
X Link 2025-07-24T19:25Z [---] followers, [---] engagements

"$OMF results look good. I usually wait for the full 10-Q before making any comments- thats where the real story is between the lines. But with a dividend yield this good (7%) its tempting to hold just for that. If you want exposure to subprime lending $OMF should definitely be considered. Less techy than $UPST or $PGY (dis) but it has the profitability and discipline of an old school lender"
X Link 2025-07-25T15:53Z [---] followers, [---] engagements

"Notes from the Footnotes: $FIG IPO 1/ Well $FIG's prospectus is full of super-interesting deets. Just started reading the risk section usually a wall of generic disclaimers. But right up top I came across something that actually stood out"
X Link 2025-07-27T21:44Z [---] followers, [---] engagements

"Notes from the Footnote: IPO Today all numbers about the IPO were released. So what did we find 1/ Only 7.6% of the company will be owned by the public after the IPO. The rest is still in the hands of insiders VCs and employees. This is one of the lowest public floats weve seen in a major tech IPO. 🧵 Why it matters and how it might affect your trade:"
X Link 2025-07-28T19:52Z [---] followers, [---] engagements

"$FIG s revenue is driven by a microscopic elite. Just 0.23% of customers generate 37% of ARR. Expand that to 2.5% and youve covered 64%"
X Link 2025-07-30T13:34Z [---] followers, [---] engagements

"I picked $AFRM for this weeks deep dive on Notes from the Footnotes. Hope to uncover some interesting details and compare it to other lending names weve covered like $UPST $OMF and Klarna. Their earnings are around the corner and the stock just popped 12% today for no clear reason. Lets see if something juicy is hiding in the business. Stay tuned. https://twitter.com/i/web/status/1952475804165964107 https://twitter.com/i/web/status/1952475804165964107"
X Link 2025-08-04T21:04Z [---] followers, [---] engagements

"Notes from the Footnotes $AFRM Ever wondered what's hiding in marketing expenses Its not just Google Ads. For $AFRM it's also losses on loans made at 0% or below market rates Yes Affirm originates loans at a loss to attract more merchants and drive higher volumes. These loan losses are recorded as sales and marketing expenses sometimes even exceeding the revenue they earn from the loans. 📉 A smart but costly move to scale fast"
X Link 2025-08-09T20:41Z [---] followers, [---] engagements

"@Stocksalute For sure I plan to reiterate their most recent prospectus next week. Personally I was a bit disappointed with things they reported (more like the how than the what). You can read this in my blog post on $KLAR - https://zoozai.net/blogpostid=e7a2407c-796b-4359-8bb1-58aac940ed4f https://zoozai.net/blogpostid=e7a2407c-796b-4359-8bb1-58aac940ed4f"
X Link 2025-08-19T08:37Z [---] followers, [--] engagements

"@weary_centurion Agree with some. Sharing wins just for the share of gloating is boring. But if you share with the entire decision making process- why you bought the price level the reason you decided to exit. That's really helpful"
X Link 2025-08-24T20:42Z [---] followers, [---] engagements

"Wow much better than expected results for $AFRM. Wasn't expecting that honestly. [----] Yearly EPS Active merchants - steep increase - 24% Active customers - steep increase - 23% Delinquencies look under control"
X Link 2025-08-28T20:14Z [---] followers, [---] engagements

"Interesting point from $AFRM's outlook for 2026: An enterprise consumer is about to move its Pay Later flow out from $AFRM onto its own wallet solution. Yet outlook looks stable. 👍"
X Link 2025-08-28T20:43Z [---] followers, [---] engagements

"Just started digging into $HUT (Hut 8) fascinating business in power infrastructure and its applications (AI $BTC mining etc.). What immediately stands out: one of the clearest most investor-friendly reports I've seen. They're incredibly transparent. It builds real confidence when management doesn't hide behind jargon. The industry tailwinds look compelling: Power/energy infrastructure momentum AI demand explosion Institutional crypto adoption Plus interesting to note Trump family involvement as investors 👀 More analysis coming but early impression is very positive"
X Link 2025-09-02T15:07Z [---] followers, [----] engagements

"As a data scientist was pretty excited to find out that one of $HUT s subsidiaries is Highrise AI. Theyve got [----] NVIDIA GPUs there. A platform where you can fine-tune (or do more) with LLMs. Not the core of $HUT s business but a really nice way to make use of their existing resources"
X Link 2025-09-02T20:11Z [---] followers, [---] engagements

"1/ More from $LBZZ Lendbuzz upcoming IPO They operate in auto finance. Historically a more resilient segment than consumer loans (in [----] many prioritized car payments over mortgages). The model: Partners with dealerships (2K today vs 55K in the U.S.) Digitizes a paper-heavy process for near-prime & invisible borrowers Uses ML to underwrite quickly often at better rates Everyone wins Dealers close sales faster customers get financing Lendbuzz grows. But heres the tension: dealers want to maximize sticker price. Lendbuzz needs loans that get repaid. How do you align that"
X Link 2025-09-20T22:38Z [---] followers, [---] engagements

"2/ $CACC solves this with a different model: Advances funds to dealers upfront Dealers share in future cash flows if loans perform Dealers dont need to push the highest sticker price; both sides want loans the customer can repay $LBZZ doesnt have this built-in incentive alignment it relies on ML and risk management to price correctly. https://twitter.com/i/web/status/1969531727316947174 https://twitter.com/i/web/status/1969531727316947174"
X Link 2025-09-20T22:38Z [---] followers, [---] engagements

"3/ $LBZZ relies on a different moat more like $UPST: an AI/ML underwriting engine for overlooked borrowers applied to auto loans through dealerships. Its interesting to read more and find out if they manage the dealer misalignment of interest because that could lead to high delinquencies in this already problematic sector. https://twitter.com/i/web/status/1969531729414152445 https://twitter.com/i/web/status/1969531729414152445"
X Link 2025-09-20T22:38Z [---] followers, [---] engagements

"1/ 🚗 Near-prime auto lending: edges matter In the landscape of near-prime or invisible borrowers any lender who wants to survive high charge-offs needs an edge. Yes US borrowers tend to pay auto loans first (sometimes even before mortgages) but auto loans still have among the highest default rates"
X Link 2025-09-28T20:34Z [---] followers, [----] engagements

"2/ $CACC for example has a unique business model: Takes less initial risk Shares risk with the dealer aligns incentives Collateral value often exceeds the loan safer lending Lendbuzz ( $LBZZ) takes a different approach: Targets a slightly "better" borrower segment & Relies heavily on its proprietary AI model https://twitter.com/i/web/status/1972399631880355942 https://twitter.com/i/web/status/1972399631880355942"
X Link 2025-09-28T20:34Z [---] followers, [---] engagements

"5/ [--]. Also LendBuzzs AI score separates borrowers who will pay from those who might default 75% of the time compared to just 57% for traditional $FICO credit scores. Higher separation = clearer signal smarter lending and fewer defaults"
X Link 2025-09-28T20:34Z [---] followers, [---] engagements

"6/ This AI-driven approach seems to support solid operational margins and disciplined lending. Final note: whether the IPO valuation is attractive is another story (and yet to be known) but as a business $LBZZ looks well-structured and thoughtfully executed"
X Link 2025-09-28T20:34Z [---] followers, [--] engagements

"Immigration & Auto Lending: The Unexpected Link🚗 1/ When you think of auto loans immigration probably isnt the first thing that comes to mind. For Lendbuzz ( $LBZZ) though its one of the risks that could affect borrowers and business performance"
X Link 2025-09-28T21:08Z [---] followers, [---] engagements

"2/ Some of LendBuzzs consumers are immigrants and some may not be U.S. citizens or permanent residents. $LBZZ follows ID verification rules (PATRIOT Act) But they do not verify immigration status (that's the industry-standard)"
X Link 2025-09-28T21:08Z [---] followers, [---] engagements

"6/ So: $LBZZ immigration affects the borrowers $CACC immigration affects the talent Same sector very different exposures"
X Link 2025-09-28T21:08Z [---] followers, [---] engagements

"7/ 💡 Have you ever thought about how policy changes like immigration enforcement could ripple into fintech and lending Its not obvious but for companies like $LBZZ its real and something investors should consider"
X Link 2025-09-28T21:08Z [---] followers, [---] engagements

"Thanks. I was not aware of perspective on lien perfection + franchised dealers . Id just add: while $LBZZ does mention negative publicity around undocumented immigrants the broader risk isnt only about them. A big part of their customer base is legal immigrants with thin / invisible credit files (the exact problem LendBuzz was founded to solve). So shifts in legal immigration patterns or policy can also affect their core audience. That said I agree with you that the overall risk is probably limited. https://twitter.com/i/web/status/1972665551655739878"
X Link 2025-09-29T14:11Z [---] followers, [--] engagements

"BTW I don't think you can compare a non auto loan-like $UPST- to $LBZZ. Since the biggest potential for trouble in auto loans is the misalignment in interest between the dealer and the loan originator. Other than $CACC which has a business model that aligns it by default it's a major issue which consumer loans originators don's suffer from. https://twitter.com/i/web/status/1974969069419000162 https://twitter.com/i/web/status/1974969069419000162"
X Link 2025-10-05T22:44Z [---] followers, [---] engagements

"@stellarcat2 Good Catch. Raising no-FICO in Prime trusts is even more severe. Looks like they started extending loans to a new cohort with less or no credit history. $LBZZ business is all about that. I do wonder if $CVNA is doing it carefully though"
X Link 2025-10-25T23:00Z [---] followers, [---] engagements

"@InvestSpecial @HalvioCapital Great thread thanks Regarding $MCCK with the CEO holding 75% and already showing a willingness to use company cash for commodity trading isnt there a risk he could take other actions that arent necessarily optimal for minority shareholders"
X Link 2025-11-30T13:50Z [---] followers, [---] engagements

"3/ Heres the key point: These companies have roughly $480M of debt and $FISV guarantees the entire amount even though it owns only part of them. That guarantee is an off-balance-sheet exposure. It doesnt show up as debt at $FISV but if these companies cant pay Fiserv does. https://twitter.com/i/web/status/2011855639216058576 https://twitter.com/i/web/status/2011855639216058576"
X Link 2026-01-15T17:38Z [---] followers, [---] engagements

"4/ What does show up on $FISVs balance sheet An equity-method investment of $94M A recorded guarantee liability of just $14M So on the surface the balance sheet impact looks small compared to the $487M exposure"
X Link 2026-01-15T17:38Z [---] followers, [---] engagements

"5/ Why would $FISV guarantee all the debt if its only a partial owner Probably in order to lower borrowing costs for these companies And maybe to enable them the funding at all Makes sense structurally but the downside risk sits with Fiserv"
X Link 2026-01-15T17:38Z [---] followers, [---] engagements

"6/ Just to clarify: this isnt direct loan exposure. $FISV doesnt hold auto loans or mortgages. But it is exposure to auto and housing cycles through software companies whose $487M of debt it guarantees. Worth knowing. Anyone familiar with defi Solutions or Sagent"
X Link 2026-01-15T17:38Z [---] followers, [---] engagements

"After breaking down the $487M off-balance-sheet debt exposure $FISV has through guarantees provided to defi SOLUTIONS and Sagent 👇 I wanted to focus on the business side of this partial ownership. Looking at their product portfolios defi and Sagent look like a very natural fit for Fiserv. They both solve a similar problem: loan life-cycle software infrastructure. But they do so in adjacent markets: auto and mortgage. I wouldnt be surprised if once the numbers stabilize Fiserv eventually moves to fully consolidate these businesses. All in all this looks like a thoughtful strategic investment"
X Link 2026-01-16T12:38Z [---] followers, [---] engagements

"1/ Just came back from Viola Ventures State of Fintech [----]. Super interesting evening will share more once the official notes are out next week. 👇"
X Link 2026-01-22T22:00Z [---] followers, [--] engagements

"@PenguinCapital7 All there's to know on the state of these auto loans in the past year (interest charge-offs delinquencies grace collateralization % and many more) . I am preparing a list of business questions that interest me - but if anyone has anything in particular - drop it below"
X Link 2026-02-01T20:09Z [---] followers, [--] engagements

"How would you expect Active Users to be counted: The Klarna's way: "made a purchase or a payment or logged into the Klarna app within the past [--] months" The Paypal way: "completed a transaction on our platform within the past [--] months." What makes more sense"
X Link 2025-05-21T22:19Z [---] followers, 75K engagements

"Sticking with Buffetts timeless advice: invest in businesses you understand. For me that means B2C especially tech and fintech. My next deep dive: Upstart - $UPST. A fintech lender that claims its edge lies in ML-driven loan underwriting. I once spent years building similar systems so its nice to read from the outside try to reverse-engineering their approach. First thoughts coming soon"
X Link 2025-07-07T06:00Z [---] followers, [---] engagements

"6/ Then theres churn. $NU reported at 0.2% per month. But heres the catch: this only includes people who actively close their accounts or get shut down for fraud/delinquency. Not people who simply stop using it"
X Link 2025-07-14T19:18Z [---] followers, [---] engagements

"2/ One standout panel included the co-founder & CTO of Lendbuzz ( $LBZZ ). Always nice to meet F2F people from companies youve actually researched. What really stuck with me: At their peak they were running [--] predictive models in parallel basically predicting every event they could think of. The real maturity came when they realized some predictions are useless because you cant act on them in the real world. So today they run far fewer models but only the ones that actually move outcomes. Hes been deep in AI since [----] doing research at MIT and elsewhere- it showed. He also mentioned theyve"
X Link 2026-01-22T22:00Z [---] followers, [---] engagements

"1/ Today I encountered a new term: R&D Loans. No not loans to tech companies for their R&D. Rather loans $UPST originates in order to test new markets (like auto lending) borrower segments or other model changes. Lets break this down 🧵"
X Link 2025-07-07T10:39Z [---] followers, [---] engagements

"Im working on a full blog post summarizing everything I found about $UPST from fair value accounting to R&D loans and model performance. Should be out in the next few days. In the meantime I wrote about Klarnas and whats hiding in their reports you can read it here - Thinking of covering another B2C company next ideally mid/small cap fintech or otherwise. Open to suggestions 👇 Have a Great Weekend. https://www.zoozai.net/blogpostid=e7a2407c-796b-4359-8bb1-58aac940ed4f https://www.zoozai.net/blogpostid=e7a2407c-796b-4359-8bb1-58aac940ed4f"
X Link 2025-07-11T08:23Z [---] followers, [---] engagements

"Just published: Inside $UPST - Risk Innovation & R&D Loans 🧠📉 Ever heard of a company testing AI models with real loans on its balance sheet This deep dive breaks down: R&D loans Fair value accounting How $UPST actually makes money Why it's more complex than it seems 📖 Read the full piece: 🔗 https://www.zoozai.net/blogpostid=f0a7b151-3f9a-4023-9936-897a2229a60e https://www.zoozai.net/blogpostid=f0a7b151-3f9a-4023-9936-897a2229a60e"
X Link 2025-07-13T19:18Z [---] followers, [----] engagements

"1/ Everyones talking about AI in lending but few talk about how you actually test if a model works. Today were diving into something underrated in $UPST s approach: their R&D loan program. Yes it carries risk. But its also part of their moat. Heres why 🧵"
X Link 2025-07-24T19:25Z [---] followers, [---] engagements

"Last point from $UPST quarterly report. They became first ever GAAP profitable in Q2. Thats a nice headline but its not quite the clean achievement some might hope for. Most of the swing came from a $23M change in fair value adjustments which is an accounting item that doesnt reflect the core business. Operating income was just $4.5M. The growth is real but this profit couldve easily flipped the other way with one small adjustment. Still early to celebrate"
X Link 2025-08-07T20:35Z [---] followers, [---] engagements

"@crux_capital_ Nice analysis. However I would not necessarily call $UPST data a moat. A. because all of their competitors have that exact same data sometimes even more. B. because you can buy such data to train your model on. The moat (could be) the algo itself"
X Link 2025-08-25T20:42Z [---] followers, [---] engagements

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