Cypher
New accelerator entry · 2022-02-15 · the record
Internet broke physical boundaries in commerce and made it global. It never happened in finance.
Cypher is a Y Combinator company in the Winter 2022 batch. Its directory entry describes it as: Crypto Neo-Bank (WhatsApp moment for bank accounts). The founder listed is Kuberan Marimuthu (Founder) (Y Combinator directory entry, February 15, 2022).
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New accelerator entry · 2022-02-15 · the record
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Internet broke physical boundaries in commerce and made it global. It never happened in finance. Almost all financial consumer apps are country specific. Stablecoins are the internet moment for finance industry. Cypher lets an user download an app from anywhere in the world and have a bank account in 5 mins and start transacting with the crypto card. Can instantly send USDC to anywhere in the world.
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No investor is drawn from a Form D — the form states how many invested and never who. The one investor on this graph is named because a batch has exactly one.
Example from a real report (our sample on Target): “Target eliminated approximately 1,800 corporate positions, with around 1,000 employees receiving layoff notices and the remainder accounted for by eliminating open roles.” Source: NBC News
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