TechCrunch Startup News Rex Salisbury’s Cambrian Ventures raises new fund, bucking fintech slowdown
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Jul 21, 2025 Rex Salisbury shares his journey from investment banking to founding Cambrian Ventures. He discusses the launch of a new $20 million fund aimed at supporting fintech startups. Despite current market challenges, he remains optimistic about the future of fintech. The influence of AI on financial technologies also takes center stage, suggesting exciting possibilities ahead.
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Salisbury’s Fintech Origin Story
- Rex Salisbury transitioned from investment banking to engineering at a mortgage startup in 2015.
- He witnessed the rise of fintech companies like Stripe and LendingClub's IPO, sparking his fintech passion.
Fintech Still Has Vast Potential
- Only 1% of global financial services revenue has been captured by fintech firms.
- Despite popular belief, there remain vast untapped opportunities in fintech.
Cambrian’s Strong First Fund Performance
- Cambrian Ventures' first $20M fund backed 33 startups, half progressing to Series A, outperforming typical rates.
- Salisbury attributes success to finding founders who effectively execute their visions.