fintech

EquiLibre raised a Series A at a reported $500M+ valuation, led by Creandum's largest-ever check, to scale trading agents built on the game-theoretic RL that beat humans at poker, the cleanest transfer bet in the environments thesis.

Strip the logos off the stablecoin neobank boom and most apps are the same six vendors in a trench coat; this teardown of 29 operators maps the vendor cap table that captures the margin, the regulation that makes a charter a moat, and the three escape routes left.