Rex Salisbury’s Cambrian Ventures raises new fund, bucking fintech slowdown

The single GP Rex Salsbury Fintek’s love to be in love with the Cambrian Venture is in love with affection.

The year was 20, he recently quit his job as an investment banker to try engineering at a mortgage. “When you started to scale companies like Stripes, Plade, Credit Work, Wealth Front, he told TechCrunch.”

Investors’ tension for Fintec increased significantly in the following years, reached the fever pitch in 2021. As the interest rate increases, things were noticeably calm after a year.

Today, many people think that Fintech has lost its radiance, but the enthusiasm for the department remains as strong as 20. He felt the popular opinion that most of Fintek’s opportunities were exhausted could no longer be from the truth. “If you are an expert and you know where you see, you will understand that only 1% of the revenue of Global Financial Services is caught by Fintech,” he said.

Actually, Salsbury was busy investing in pre-bees and seed-wearing startups in the Cambrian Opening $ 20 million fundsThe Salsbury claims that he has financed the 5 companies that almost half the series has already secured a fund, which is more than a graduate rate of 15.4% of the series than the series of seeds CartaThe

These organizations include Close offWhich helps off startups and helps KeepA Canadian credit card and payment platform.

Salisbury credits the first funding performance with the ability to find his strong founder “It is very good to execute against those views they kept.”

This initial success has now helped to secure the second fund of the Salsber, which is launching with 20 million in promising capital, like the first one.

A small initiative like The Hull Cambrian is a significant reputation for funding: a Reported by the pitchbook Fund raising by emerging initiative managers (still defined as their first three funds) has been the lowest hit of a decade in the first half of 2025.

However, Salisbury is not just another fintech investor. Before launching the Cambrian Ventures, he was a founding member of Fintech practice on Andresen Horovits (A1 16 Z). And for several years at a prominent farm, he has invested in a startup called Deal, which will become monster in salary and human resources equipment.

Before joining the 16 Z, Salsbury established a fintech community that hosted monthly meetings for founders, builders and sector enthusiasts. He also launched a newsletter that has increased to about 20,000 customers and runs a slack group that now proud of more than 5,7.

Thanks to his well -known network, Salsbury attracted the founders of top fintech companies such as Nardwalk, Plade, Better and Melio as LPS for his first fund. These people returned to invest in their second fund, which also saw a number of institutional supporters, including a bank and a life insurance company.

Salsbury says his strategy remains unchanged for Cambrian’s second fund, explaining that he is still “focusing on the great founder who has new ideas for unique products.”

Of course, what is different now is that startups can make all the progress of AI. “AI lets you do the biggest job that is to create multi-production companies from the first day,” he said.

“AI makes it easier to write more code that works more,” he explained, pointing to his investment EachThe “They do banking, accounting, finance, corporation tax, treasury, HR, HSA, FSA and several other things.”