Quild #67: Sardine
API for payments, fraud, and compliance
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:
Repeat founders
Aditya founded Info Assembly, which built a personalized wealth management platform
Soups built Gingerly, a location-aware expense tracking mobile app
Top company and venture-backed alumni
Aditya worked at PIMCO, Deustche Borse, and was most recently the head of product and operations for Revolut US
Soups was a data scientist for Yelp and Coinbase before becoming the head of crypto and financial crime risk at Revolut
Zahid built products for Hitachi, Chase, Verizon, PayPal, Uber, and Revolut
Fast team growth
Grew 3.1x YoY to 56 employees
Top university alumni
Aditya graduated from University of Pennsylvania (MBA)
Accelerated financing
Founded in 2020, seed in 2021, series A in 2022
Midas list investors
a16z led series A
Till tomorrow, Kenn