• Quild
  • Posts
  • Quild #67: Sardine

Quild #67: Sardine

API for payments, fraud, and compliance

03 Apr

This is the Quild daily, highlighting one early-stage startup that has statistically significant signals of becoming a unicorn.

Sardine is building a set of APIs to stop payment fraud, and increase customer conversion. By having to worry less about fraud, companies can offer better experiences such as instant settlement. The Sardine team previously built the fraud & compliance infrastructure in Revolut and Coinbase.

Founders: Aditya, Soups (CEO), Zahid

Signals:

  1. Repeat founders

    1. Aditya founded Info Assembly, which built a personalized wealth management platform

    2. Soups built Gingerly, a location-aware expense tracking mobile app

  2. Top company and venture-backed alumni

    1. Aditya worked at PIMCO, Deustche Borse, and was most recently the head of product and operations for Revolut US

    2. Soups was a data scientist for Yelp and Coinbase before becoming the head of crypto and financial crime risk at Revolut

    3. Zahid built products for Hitachi, Chase, Verizon, PayPal, Uber, and Revolut

  3. Fast team growth

    1. Grew 3.1x YoY to 56 employees

    2. And hiring a lot more

  4. Top university alumni

    1. Aditya graduated from University of Pennsylvania (MBA)

  5. Accelerated financing

    1. Founded in 2020, seed in 2021, series A in 2022

  6. Midas list investors

    1. a16z led series A

Till tomorrow, Kenn