𝙢𝙞𝙘𝙧𝙤𝙘𝙤𝙨𝙢 has landed in the 𝓤𝓷𝓭𝓮𝓻 𝓝𝓮𝓲𝓽𝓱 exhibition curated by @ForeverProjs! 🛸 An evolving audiovisual soundscape exploring space and time(stretching) 🌌 🌔 Project page foundation.app/collection/mcsm 📅 3/7 at 9a PST / 12p ET 🔭 100 editions

Fintech Fragment eases bank account reconciliation, nabs $9M from Stripe, Jack Altmam, others tcrn.ch/4cWcDFO

Couldn't be more proud of what we have built. Alot more left to do. Fragment thomas neckel Omi Chowdhury Varun Mohan

Hello world. Fragment, we’re building a double-entry ledger for engineers. Compose any funds flow, turn it into code, embed it in your product, and never get another balance wrong. Until now, fintech companies were built on programmable versions of the single-entry systems

Solving reconciliation and accounting sounds easy but is super hard (as we see with Evolve, Synapse and the whole saga). It doesn't surprise me to see that Fragment (Fragment) has raised to solve this issue. They quietly have some enormous clients and a thoughtful approach to

In an era of accounting automation and innovation in all sorts of applications involving the management and settlement of funds, pretty cool to watch thomas neckel and the @ledgerAPI team crack this as a service methodically over the last couple years. congrats on launch!

Congratulations thomas neckel and team Fragment !! We are thrilled to be your partner on this journey in building Fragment.

Fintech has a ledger problem and Fragment is here to solve it by being THE database for money cc: Fragment

Very excited for thomas neckel and the Fragment team. It’s been a pleasure working with them over the years. Big fan 🙌🏻

Specifically, buy the best ledger your money can from Fragment fragment.dev

Fragment is the smartest way to build your fintech and Scenarios makes it even easier. Reach out at fragment.dev for a demo and of course if you want to continue building this future with us, we're hiring fragment.dev/careers

Jareau Nik Trupti Fintech observability is real-time accounting. To know if you’re processing payments correctly you need to: 1. Calculate the money you should have from internal product data 2. Calculate the money you actually have from external bank data 3. Continuously compare the two

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

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

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

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

Sankaet a16z If you give us access to this ledger data, we'll reconcile it to the penny for free x.com/danprimack/sta…

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

Has anyone figured out how to do code review in a team with Devin by Cognition ?

Elon Musk The way to solve this database communication problem is turn all these ad hoc payment flows into code and centralize them in a programmable database for money. The mother of all databases for money.