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SubLedger was another startup in this space a few years ago, which I thought had the right idea. But they didnt really follow through. They seemed to focus on
by RileyJames 6y ago
SubLedger was another startup in this space a few years ago, which I thought had the right idea. But they didnt really follow through. They seemed to focus on uber and their ilk as customers, where as I felt they would have been a killer if they focused on being the accounting backbone between business apps. Like Xero is, but api first / only.
https://www.crunchbase.com/organization/subledger https://www.crunchbase.com/organization/subledger
- andriosr 6y agoInteresting! I’m going to try to learn and avoid making the same mistakes. The goal is definitely to be the backbone of any money movement record. The goal is to do what Segment does for analytics data, or Auth0 does for identity, but for payments data.
- andy_ppp 6y agoYes, in the end there are only lists of transactions and so great potential for interacting with them from a central, simple API. It may or may not be worth having a look at the open banking APIs that are in use here in the UK.
- andriosr 6y agoThanks! I read a couple of specs, didn’t like the design, I think it’s too complex. But it may be due to the complexities of the UK banking system. From an integration point of view, it’s definitely something I’m looking at.