Fintech has a ledger problem. We raised $9 million from @stripe , @BoxGroup and angels like @zachperret , @cjc ,@gokulr , @jaltma, @Emiliechoi__ and @thefintechfund to solve it.

We’re hosting a happy hour event at #stripesessions. If you want to see what it’s like inside the mind of a ledger, come check it out.

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Amazon QLDB is shutting down in July. If you’re running QLDB and looking to transition to a ledger purpose-built for engineers, check us out:

For scaling fintechs, a real-time ledger isn’t enough. It also needs be high throughput. Why? .Because every entry updates different accounts. And different accounts serve different audiences. You may need strong consistency for user accounts and high throughput for revenue

RT @danprimack: Some readers have asked if I heard from anyone at @a16z after yesterday's piece on Synapse. Nope.

Why do most fintech balances go wrong? .Because the fund flows that update them don’t do accounting. Why don’t they do accounting? .Because those flows are written in code. And the people writing the code are engineers, not accountants. The way to solve balances is not to force

Ledgers make money programmable. They can be a bank, brokerage, marketplace or whole economy just by changing the instructions they’re given. But they’re written in a language (accounting) that’s foreign to most engineers. In lieu of ledgers, they rely on spreadsheets and custom

There’s no good way to reconcile payments sent in one currency ($1 USD) with those received in another (€.92 EUR). Whenever things don’t reconcile, they need to be fixed by hand. And because you can’t track revenue, FX exposure, liquidity or balance sheet risk until they’re all

Most ledgers force you to learn a whole new accounting vocabulary before you can use them. Concepts like credits and debits suck because, unlike numbers, they’re hard to reason about. And because they don’t explain why money moved, they’re too imprecise to be reliable. A ledger

RT @LedgerAPI: @jkwade @NikMilanovic @truptinatu Fintech observability is real-time accounting. To know if you’re processing payments corre….

RT @LedgerAPI: The trouble with writing code to track money is you never see the money. And by the time you find out you wrote it wrong, it….

We're super grateful to be on team @AvidVc and can't wait to see who they back with their new fund.

RT @addielerner: Announcing @AvidVC's $87M Fund II! I am so proud of our special team & the portfolio of inspiring founders we have built a….

RT @gokulr: Keeping customer balances in order is critical for every technology company, especially fintechs (and an increasing number of s….

RT @TechCrunch: Fintech Fragment eases bank account reconciliation, nabs $9M from Stripe, Jack Altmam, others

RT @karimatiyeh: Very excited for @neckelthomas and the Fragment team. It’s been a pleasure working with them over the years. Big fan 🙌🏻.

RT @scottbelsky: In an era of accounting automation and innovation in all sorts of applications involving the management and settlement of….

RT @shreyanj98: Decided to angel into @LedgerAPI the day I read their API docs, which are to date the best I’ve ever seen. They’re the rare….

RT @jeff_weinstein: if you've ever tried to build a ledger yourself, you've later realized that you probably shouldn't have and wished some….

RT @jordihays: @neckelthomas @stripe @BoxGroup @zachperret @cjc @gokulr @jaltma @Emiliechoi__ @thefintechfund 🫡🙌 excited for more startups….