Fintech has a ledger problem. We raised $9 million from Stripe , BoxGroup and angels like Zachary Perret , Cristina Cordova ,Gokul Rajaram , Jack Altman, ‏Emili Choi🛡️ and The Fintech Fund to solve it. techcrunch.com/2024/07/22/dig…

Congrats Joran Dirk Greef and team!

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’s too late. Enter Scenarios, a visual programming interface that shows you the money. With Scenarios, you can simulate your money tracking code before you

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

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…

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. lu.ma/fragment-sessi…

A scary look into the nuts and bolts of password cracking - why user chosen passwords will never be secure ars.to/13VKdVl

This week on #arrested #development: Mort's on-prem IDM dies after a glittery explosion-power-surge. Shoulda #idaas