Rex Salisbury, Solo GP behind Cambrian venturesRemember the time falling in love with Fintech.

The year 2015 was; He recently quit his job as an investment banker to try his hand in engineering in a hostage startup in San Francisco. “When you had companies like strip, plaid, credit karma, wealthfront, they said.” “The Lending Club only did its IPO, and was actually trading well.”

Investors’ stimulation for Fintech rose rapidly over the next years, reaching a fever pitch in 2021. A year later, things were calm, however, the interest rates increased.

Today, many people think that Fintech has lost its shine, but the enthusiasm of salicebury for the category remains as strong as in 2015. He feels the popular opinion that most opportunities in Fintech have ended, cannot go beyond the truth. “If you are an expert and you know where to see, you will realize that only 1% of the revenue of 1% global financial services is occupied by Fintech,” he said.

Actually, Salisbury is busy investing in Cambrian’s pre-seed and seed-step startups. Inauguration $ 20 million fundOut of 33 companies, they have funded, Salisbury claims that almost half has already achieved series A funding, which is much higher than the series A graduation rate from 15.4% series to series A graduation rate. Tracked by Carta,

These companies include Simple offWhich helps startups in a close shop, and KeepA Canadian credit card and payment platform.

Salisbury credited the first fund performance with his ability to find strong founders, “that the vision they pave out are very good against him.”

That initial success has now helped Salisbury to secure each other fund, which is launching with $ 20 million in committed capital, like the first one.

There is a notable achievement for a small venture fund like Cambrian: A Report by pitchbook It has been shown that funding by emerging enterprise managers (still defined as firms running their first three funds) is a decade low in the first half of 2025.

However, Salisbury is not just another Fintech investor. Before launching the Cambrian Ventures, he was the founding member of the Andresen Horovitz (A16Z) Fintech practice. And during his many years in the major firm, he invested in a startup called Deal, which would become a giant in parole and human resource tool location.

Before joining the A16Z, Salisbury established a Fintech community, which hosted monthly meat for founders, builders and enthusiasts towards the sector. He also launched a newspaper, which increased to about 20,000 customers, and runs a dull group that now claims over 1,800 founders.

Thanks to its conveyed network, Salisbury attracted the founders of top fintech companies such as Nerdwell, Pland, Betterment and Melio as LPS for its first fund. These individuals returned to invest in their second fund, including several institutional backers including a bank and life insurance firm.

Salisbury says that his strategy is unchanged for the second fund of Cambrian, stating that he still “focuses on finding great founders who have new ideas for unique products.”

Of course, what is different now that startups can avail all progress in AI. He said, “The biggest thing is that AI lets you build multi-product companies from day one.”

“AI makes more code easy to write that does more things,” he explained, pointing to his investment Everyone“They do banking, accounting, finance, corporation tax, treasury, HR, HSA, FSA, and some other things, all in one.”