Rex Salisbury, Solo GP for Cambrian undertakingsHe is tenderly like the time he fell in love with FinTech.
The yr was 2015; He recently left his job as an investment banker to try his hand at engineering in a mortgage in San Francisco. “That’s when you had companies such as Stripe, Plaid, Credit Karma, Wealthfront are starting to scale,” said Techcrunch. “The loan club has just done IPO and trading really well.”
Exciting investors associated with FinTech increased in the following years, reaching fever in 2021. A yr later all the things calmed down when rates of interest increased.
Today, many consider that fintech has lost its splendor, but Salisbury’s enthusiasm in this category stays as strong as in 2015. I feel the popular opinion that almost all of the possibilities in FinTech are exhausted, can’t be further from the truth. “If you are a specialist and you know where to look, you will realize that only 1% of global revenues from financial services have been captured by fintech,” he said.
Indeed, Salisbury was busy investing in the initial start-ups from the inaugural fund of $ 20 million in the amount of seeds. Of the 33 firms he financed, Salisbury claims that about half has already provided financing of the A series, much higher than 15.4% of the gray indicator Tracked by the card.
These firms include easy closures that help startups in closing the store and keep the Canadian bank card and payment platform.
Salisbury assigns the results of the first fund with his ability to seek out strong founders “who are very good in realizing against the vision they give.”
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This early success has now helped Salisbury secure the second fund, which starts $ 25 million in Capital Capital.
The Haul is an amazing feat for the small Venture Fund, akin to Cambrian: A Report in accordance with Pitchbook He showed that the collection of funds by emerging Venture managers (defined as firms still running the first three funds) reached the lowest decade in the first half of 2025.
Salisbury, nevertheless, is not only one other fintech investor. Before launching, Cambrian Ventures was a member of the founding father of Fintech Andreessen Horowitz (A16Z). For several years in an outstanding company he invested in a startup called DEEL, which might turn out to be a giant in the space of wage and human resources.
Before joining A16Z, Salisbury founded the fintech community, which hosted monthly meetings for the founders, builders and sector enthusiasts. He also launched a bulletin, which increased to about 20,000 subscribers, and leads a loose group, which currently offers over 1,800 founders.
Thanks to his well -known Salisbury network, he attracted the founders of the best fintech firms, akin to Nerdwallet, Plaid, Betterment and Melio as LPS for their first fund. These people returned to speculate in their second fund, which also had several institutional sponsors, including a bank and an insurance company.
Salisbury claims that his strategy stays unchanged for the second Cambrian Fund, explaining that he is still focusing on “finding great founders who have new ideas for unique products.”
Of course, it is different that startups can use all progress in artificial intelligence. “The most important thing that AI allows is building companies with many products from the first day,” he said.
“AI makes it easier to write more code that does more things,” he explained, pointing to his investment in each. “They run banking, accounting, finance, tax on legal persons, treasure, HR, HSA, FSA and several other things, all in one.”