Fintech Lab
Lesson 7State and lifecycleIntermediate
Merchant float (holding money you do not own)
The pattern that separates licensed fintechs from illegal ones.

You're a payment platform. A merchant signed up; their customers now pay them through your app. The cash hits YOUR bank account, but it is not your money, it belongs to the merchant. CBN, FCA, and every other regulator requires you to keep client funds segregated from operating cash. This is the foundational accounting pattern of regulated fintech.

Fintech Lab is a free, interactive lab for fintech engineers. Real ledger, your own sandbox, engineering patterns from production. See all 85 lessons.

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