Clem

I build infrastructure for the financial internet

[Clem @0xAltitude]

@formancehq Hope we’re making @compliantvc proud here

[Clem @0xAltitude]

@paulg @XFaure The current proposal is lower at 2%, but the problems are deeper than actual rate vs average return on capital. This will cause holders to either have to sell stocks to fund the tax or pay the taxes in stocks, effectively transferring ownership of their company to the state.

[Clem @0xAltitude]

@wamsalak @libremax_off https://t.co/BWM7IsPek2

[Clem @0xAltitude]

Here we go!

[Clem @0xAltitude]

@pitdesi @george_matelich @DOGE Yeah but the back needs to feel the pain of not paying for front to keep upgrading incentives functional

[Clem @0xAltitude]

@rexsalisbury Seriously I think we can trace back this idea to the (great) Moneyness blog article back in the days, but why did mentioning it at every opportunity got so out of hand?

[Rogue CFPB @RogueCfpb]

Now that the actual @cfpb account has been taken off Twitter, it looks like I’m the closest thing we have here

[Y Combinator @ycombinator]

Congrats to the team @formancehq on the $21M Series A!

Formance (YC S21) is building a comprehensive suite of infrastructure services, designed to create and operate bespoke flows of funds and financial products, with any type of financial partner.

https://t.co/aoeBryKrGE

[Formance @formancehq]

We’re thrilled to announce that Formance has secured $21M in Series A funding, co-led by PayPal Ventures and Portage Ventures.

Check out the full story on TechCrunch: https://t.co/PRdMcqMD06

[Clem @0xAltitude]

@sytaylor Startups using AI for collections payments caught my attention lately (e.g. CollectWise). Nice toil-intensive and otherwise soul-crushing use-case.

[Clem @0xAltitude]

My heretical take of the day:

1/ Classical double-entry ledgers don’t store sufficient information to permit tracing specific assets to specific liabilities except in the simplest of cases.

2/ Being able to do so actually matters, especially in fintech, and to non-bank actors involved in programmatic flow-of-funds orchestration.

Jotted down some notes here for the curious: https://t.co/E2TbxyT2Ah

[Clem @0xAltitude]

s/saas/cloud-native-oss/g

[Timothy Chen @tnachen]

There Is a wave of open source ledger / financial database that’s happening, bundling integrations, a DSL that describes transactions, and a ledger that can execute transactions correctly.

@amanda_robs and I sat down with @superzamp about @formancehq, which you should listen to!

[Clem @0xAltitude]

@0xferruccio Finding myself thinking about this more and more as well. Seamless transitioning between unstructured interactions and JIT structured layout is fascinating — e.g. Hey Blender, I'll add a few furnitures to this scene, not sure yet what but I can swipe left / right on examples.

[Clem @0xAltitude]

@eatonphil @ArcJuve @RosaCtrl Language Implementation Patterns by @the_antlr_guy is pretty cool on the compiler front, with random-accessible byte-sized chapters for one to play with

[Clem @0xAltitude]

@sophgoldb Will Know Your Cut, Know Your Brand and Avoid Misleading Labels regulations stifle innovation in the denim industry though?

[Clem @0xAltitude]

@jswallez @dmail_me Done ty! Exciting times :)

[Clem @0xAltitude]

Week-end software archaeology read from an age when database was, interestingly enough, actually still spelled « 𝘥𝘢𝘵𝘢 𝘣𝘢𝘴𝘦 »