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  "documentTitle": "Check out the pitch deck platform bank Griffin just used to raise $8.6 million",
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      "text": "Embedded finance/fintech — “every company is becoming a fintech company”\nReg tech as enabling force — unit economics of compliance have shifted dramatically\nPro-competition regulatory bodies — pro-competition regulatory bodies who have greatly reduced previous barriers to entry for new banks",
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      "text": "Moats — high barriers to entry: becoming a bank takes ~2 years and is hard, capital-intensive, requires scarce human expertise\nUnit economics — looks like a payments business; very high margin per customer\nEconomies of scale — high fixed costs and extremely low variable costs\nSuperior risk model — we know who our end customers are, unlike competing banks",
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