Douugh (ASX:DOU): The best thing since sliced bread?, page-741

I am very familiar with the differences. That wasn't the reason I posted my message.

By the way, "capital light" does not equal "good fintech".

Xinja's need for capital did not mean it was a "bad" approach - they just kinda couldn't pull it off. 86400 made it mostly work and probably would have pretty easily found more capital had NAB not ended it early. Judo is ploughing through capital and they are likely going to do pretty well for themselves into the medium, maybe long term.

There are listed, leaning more capital light fintechs now, who probably aren't going to be around in 3-5 years.

In any field, you can have a lot of capital and screw it up or be a good company with modest capital in any market and do well. There are examples of both in the financial services field right now.