How AI and blockchain are reshaping financial services and commerce.
Research and analysis on financial services, financial infrastructure, and marketplaces from an investor's perspective.
Latest research
The SEC’s Innovation Exemption is Bullish ($BLSH) for Tokenization
Tokenized public equities are still a rounding error.
What CLARITY Means for CRCL/COIN; Tether's Audit
A lot is happening in stablecoin land today.
Stripe vs. Adyen Comparison (2025)
Stripe published its 2025 annual letter this morning.
The (Ecommerce) Agents Are Coming
With the onslaught of agentic commerce announcements — Google’s UCP, OpenAI’s ACP — the debate about what commerce looks like in an agentic world is intensifying.
Adyen H2 2025 Earnings Review: Credibility Waning as It Enters Its “Second Act”
Adyen reported H2 2025 results yesterday, with the stock finishing down 22% on the day.
Dashboards and models
Industry and company dashboards
Industry and company models
Fintech on File
Fintech on File #5
Kraken IPO back on; Big Banks show resilient consumer; Airwallex hits $300B scale; AmEx goes agentic
Fintech on File #4
NYSE/Nasdaq tokenized infra; CLARITY CRCL/COIN impact
Fintech on File #3
Mastercard buys BNVK, Tempo launches, OpenAI pulls back Instant Checkout
Fintech on File #2
Stablecoins et al
Fintech on File #1
PayPay IPO, ICE invests in OKX, Stripe vs. Adyen
Fund
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Mike Lamothe, Founder
Mike Lamothe is the founder of Ottavi, an independent research and investment firm focused on financial infrastructure, digital financial services, and marketplaces.
Before Ottavi, Mike spent twelve years at ShawSpring Partners, a concentrated, long-only equity partnership. He joined pre-launch in 2014 and served several of those years as a partner and Head of Research.
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