tom h retweetledi
tom h
2.6K posts
tom h
@thadley0
in the arena | @solofounders | ex-@raincards ex-@affirm
Katılım Ağustos 2012
921 Takip Edilen534 Takipçiler
@jbahrdestefano @atlascardhq @eladgil Wow that's crazy. I remember Point, and I was a cardholder until they shut down.
I had no idea they became Atlas.
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Fintech funding news!
@atlascardhq (fka Point) raised a $40M Series C led by @eladgil & Verified Capital at a $420M val
Atlas is an invite-only charge card + AI-powered concierge for ultra-HNW individuals. $999/yr annual fee, text-based concierge for restaurant reservations, private jets, hotel bookings, event access, and a mirror-finished steel card. Targeting Amex Centurion & JPMorgan Reserve cardholders
Some stats on the biz:
- $20M+ gross revenue run rate
- 2k members
- 80% retention after year one, 70% after year two
- All organic acquisition to date
Pretty wild journey for the company --> @patrickmro originally built Point Card as a mass-market rewards debit card for millennials, raised a $46.5M Series B from Valar Ventures in Sep '21 at a $275M val. Then their bank partner Column pulled their agreement in '22, wiping out their entire customer base. Forbes had them on a "zombie fintechs" list in early '23
One of their data scientists found 90% of card txns came from 15% of customers, so Patrick laid off a third of the team, rebranded to Atlas, moved to NYC, partnered w/ Lead Bank & relaunched in Aug '23 as a premium charge card for ultra-HNW individuals
forbes.com/sites/jeffkauf…
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@AriEiberman @RivetFi How about I give you $500 and you repay me $182/mo for 3 months?
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People say the lack of credit makes the adoption of stablecoin neobank blocked, but I have just been granted credit by @RivetFi, look, here's the problem:
First of all, it's pretty cool that I don't need to deposit any collateral to get this credit, and although the limit is small, I bet this is made for me to build my own credit score onchain. -> Huge win IMO
The blocker is the crazy interest rate they hit me with. No way I will accept 65% APY.
What's the idea here? Show that it is possible and then make it impractical?
1st payment in 4 weeks, and then every two weeks it could actually work. Even when we're used to paying it on a monthly basis.
I don't know. I'm happy this exists, but at the same time it won't work in emerging markets having such a disproportionate fee. I'm rejecting the offer.
Thank you - no thank you
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Fun watching the @tempo TPV ticking every day on tempo.hot 👀
Not sure if TAM for agentic payments in the US is big enough this year to move TPV needle (compared to China which is AI payment forward) but interested to see what happens with enterprise distribution.
tempo.hot@tempodothot
Yesterday on Tempo: $1M in payment volume 📈 $39.6M cumulative. Running at $1M/day. At this rate: $1B TPV by Nov 29, 2027⚡ tempo.hot
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@AriEiberman Do you count Kalshi / Polymarket?
businessinsider.com/polymarket-kal…
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Is this the first physical branch of a crypto neobank in the world? 😱
Pedro Rey@criptopepe1
@TakenosApp habré su primer oficina fisica en Bolivia! Entrevisté a su fundador @lucasexequiel quien nos cuenta que podremos hacer aquí. Desde la comunidad Cripto🇧🇴 apoyamos a takenos ya que fue uno de los primeros en traernos soluciones para el CEPO corralito y devaluación
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Is this the current state of onchain baking? Are wallet adresses are doxxable down to merchant, and down to the individual consumer?
Are individuals using one single wallet with a static address?
I don’t think that’s the reality today. Correct me if I’m wrong.
jesse.base.eth@jessepollak
@AriEiberman it's not normal or acceptable for how much money you have and when and where you spend be public information
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tom h retweetledi
tom h retweetledi
tom h retweetledi
Working with the US @SecretService, @NCA_UK & others, our Global Intelligence team helped freeze $12M stolen from approval phishing.
We identified 20k+ victims to support. What would take TradFi months took just one week - that's thanks to blockchains.
coinbase.com/blog/bringing-…
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tom h retweetledi
We need a serious loom replacement
Alexander Vilinskyy@vilinskyy
I recorded ~1600 videos with @loom and paid all Business+AI plans @Atlassian asked for, but now they want to charge my viewers (!) for downloading my videos🤦♂️ Why products are getting worse at the expense of experience? (looking for alternatives)
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I recorded ~1600 videos with @loom and paid all Business+AI plans @Atlassian asked for, but now they want to charge my viewers (!) for downloading my videos🤦♂️
Why products are getting worse at the expense of experience?
(looking for alternatives)
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Every fintech that moves money eventually builds a ledger.
You shouldn't have to pay per-transaction to use it, and you shouldn't have to hit an external API.
That's why we built @janusledger
It's the ledger that lives in your cloud deployment.
tom h@thadley0
fintech startup engineers — have you built a ledger before? did you use something like @LedgerAPI ? maybe @ModernTreasury? maybe something else?
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@mikulaja Looks like a bank run to me 😏
x.com/samir/status/2…
#1 samir@samir
the tsa line at jfk is so long it has now merged with the cronut line in soho
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No, airlines and Starbucks are not banks.
Santiago R Santos@santiagoroel
Everything becomes a bank Airlines figured it out ages ago. They don’t make money flying people. They make money on the credit cards they sell to passengers.
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tom h retweetledi
it’s not political and should
not be partisan to ask “where did all the money go?”
California’s functional bankruptcy threatens the nation and should be a front-and-center state and national discussion.
ignore the bs. this is what matters.
Molly O’Shea@MollySOShea
BREAKING: David @friedberg says "California is functionally bankrupt" "People don't realize how screwed California is, & I worry that if California falls, so does the union. "$250 billion to $1 trillion short." "This is because for California to get rescued would be a big cost to red states, & I think it creates in the years ahead a lot of tension." "California's functional bankruptcy is a major risk to the country. & I think we need to figure out what we can change to fix it." How we got here: "California has a public pension system, & that public pension system retirees have paid into it & they get some benefits out, & the amount that they're owed back out is somewhere between $250 billion - $1 trillion dollars more than has been paid in. $250 billion to $1 trillion short. If it was the federal government, it would be like, okay, we'll just print more money. California doesn't have the ability to print money, so California has to pay this out, and you can't restructure retirement benefits. There is a Supreme Court case in California that said that once an employee has been offered retirement benefits, even if they're currently an employee, you can never restructure their retirement benefits. It has to stay forever, and the state cannot declare bankruptcy. There's no way for the state to functionally declare bankruptcy. There's no law to allow it. No state has ever declared bankruptcy, and the retirement benefits sit senior to the bonds in California. So you have to pay out the retirement benefits before you pay out all the bond holders that have loaned California the money that they use to run all their programs and services." Hill & Valley Forum 2026 (@HillValleyForum)
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tom h retweetledi
Happens all the time. Legacy systems, legacy controls, and no way for the branches to get through to the corporate fraud/compliance teams for things that are basically normal account activity.
Michael Seibel@mwseibel
Wow three fintech/banking FUs in 7 days. Overactive fraud controls at @billcom @Chase and now @AmericanExpress. Apparently I need to upload a photo of my nanny’s SSN card to add her to my credit card. Is this 2026?
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