Peter Maher: Can cash-flow beat broken credit?

Peter Maher is the U.S. expansion lead for Ovanti—recently rebranded as Flote—and we spoke about why he left a stable, well-paid role in fintech leadership to build an alternative to what he calls a “very, very broken” credit system. With 12+ years in payments, partnerships, and market launches, he brought a career’s worth of operational and commercial experience to a problem he personally lived through.

Maher’s motivation is rooted in his early setbacks. A single poor decision at 19 “cost me the better part of the next 10 years,” teaching him that a traditional credit score can deny people opportunities even when their real financial behavior is healthy. He argues that “credit score is not an indicator of affordability,” especially for the half of U.S. adults—gig workers, young earners, and credit-averse consumers—locked out of conventional financing.

That belief underpins Flote’s model: instead of backward-looking credit data, they use linked bank accounts, real-time cash-in/cash-out analysis, and account-age patterns to understand someone’s actual financial stability. As Maher puts it, they assess consumers based on “the financial health or situation that they’re in now, not a snapshot of the past 10 years of their life.”

He also detailed the realities of building a responsible lending infrastructure from scratch—earning trust in a market full of failed promises, making daily build-versus-partner tradeoffs, and convincing institutions to back a new underwriting model. Maher relies on endurance principles: don’t “boil the ocean,” focus on the next milestone, and keep the mission front and center for a small team wearing multiple hats. For him, the ethical imperative is clear: “Innovation does not have to mean exploitation.”

Listeners will walk away with a concrete understanding of why affordability-based underwriting matters, how Flote’s model works in practice, and what it truly takes to build credibility in modern financial services.

Key takeaways

• Real-time cash flow often predicts affordability better than credit scores.
• Many gig workers are excluded due to inconsistent employment data.
• One financial mistake can suppress traditional credit scores for years.
• Building trust requires transparency after years of false industry promises.
• Focus on the next milestone instead of the entire long journey.
• Strong past relationships accelerate early-stage partnerships.