Rex Salisbury, of Cambrian Ventures, fell in love with fintech in 2015 as companies like Stripe and Plaid were scaling. Despite fintech losing luster, Salisbury remains enthusiastic, believing only 1% of global financial services revenue has been captured by fintech.

Investing in pre-seed and seed-stage startups, Salisbury’s inaugural $20 million fund has seen success, with half of his 33 companies securing Series A funding, surpassing the industry average. His second fund, also $20 million, is a rare achievement in a tough fundraising environment.

Salisbury’s background at Andreessen Horowitz’s fintech practice and experience investing in successful startups like Deel give him a unique edge. His network attracts LPs like NerdWallet, Plaid, and Betterment founders, supporting his strategy to find great founders with new product ideas.

Salisbury’s focus on AI advancements allows startups to build multi-product companies from day one. Investments in companies like Every showcase the power of AI in streamlining banking, accounting, finance, and HR services into one platform, revolutionizing the fintech industry.

Read more at Yahoo Finance: Rex Salisbury’s Cambrian Ventures raises new fund, bucking fintech slowdown