Hello world. @LedgerAPI, 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…
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…
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…
@sankaet @a16z If you give us access to this ledger data, we'll reconcile it to the penny for free x.com/danprimack/sta…
Some readers have asked if I heard from anyone at @a16z after yesterday's piece on Synapse. Nope. axios.com/2024/11/25/ven…
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…
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…
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…
Keeping customer balances in order is critical for every technology company, especially fintechs (and an increasing number of software companies today are fintechs). Unfortunately, this is far harder to do than it appears - tracking a real-time view into what customers owe and…
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. techcrunch.com/2024/07/22/dig…
Very excited for @neckelthomas and the Fragment team. It’s been a pleasure working with them over the years. Big fan 🙌🏻
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. techcrunch.com/2024/07/22/dig…
Congratulations @neckelthomas and team @LedgerAPI !! We are thrilled to be your partner on this journey in building Fragment.
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. techcrunch.com/2024/07/22/dig…
Fintech has a ledger problem and Fragment is here to solve it by being THE database for money cc: @LedgerAPI
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. techcrunch.com/2024/07/22/dig…
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 (@LedgerAPI) has raised to solve this issue. They quietly have some enormous clients and a thoughtful approach to…
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 team that combines stellar eng ability, deep domain expertise, and commitment to craft above all else, and I’m lucky to support them. Congrats on launch!
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. techcrunch.com/2024/07/22/dig…
Real problem in payments for sure. Doing this at scale and making it easy helps all parties. Excited to see where Fragment goes.
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. techcrunch.com/2024/07/22/dig…
Very excited to be involved! Tough problem and Fragment poised to solve it.
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. techcrunch.com/2024/07/22/dig…
if you've ever tried to build a ledger yourself, you've later realized that you probably shouldn't have and wished someone else did it for you. => fragment.dev => the database for money.
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. techcrunch.com/2024/07/22/dig…
If you'd like to talk to them as a customer, please reach out. techcrunch.com/2024/07/22/dig…
This was a key concern at @Petal. When you get it right, your products work seamlessly; when you get it wrong, the downside is vast. That's why it was a no-brainer for us to back Fragment. We couldn't be more excited to continue supporting them from @thefintechfund.
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