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

Rex Salisbury, the solo GP behind Cambrian Ventures, fondly recalls the time he fell in love with fintech.

The year was 2015, he had recently left his job as an investment banker to try his hand on engineering at a mortgage startup in San Francisco. “That’s when you had companies like Stripe, Plaid, Credit Karma, Wealthfront starting to scale,” he told TechCrunch. “Lending Club had just done their IPO, and was trading really well.”

Investors’ excitement for fintech grew exponentially in the following years, reaching a fever pitch…