Exclusive: Former a16z crypto investor raises $10 million to launch stablecoin clearinghouse Better Money [Yahoo! Finance]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: Yahoo! Finance
capitalist at a16z crypto decided to leave and launch his own stablecoin startup. The former investor, Sam Broner, announced on Tuesday that he and a college friend raised $10 million for what they call The Better Money Company, which aims to create a stablecoin clearinghouse, or locale that lets customers cheaply exchange different dollar-backed tokens. Broner's former employer, a16z crypto, led the seed round, with participation from BoxGroup and Sunflower Capital, along with notable angel investors like the Circle cofounder Sean Neville and Charlie Songhurst, a former Microsoft executive. Broner and his cofounder Adam Zuckerman declined to say at what valuation they raised their capital. Andreessen Horowitz's crypto arm backed The Better Money Company because of Broner, said Ali Yahya, a general partner at Andreessen Horowitz. “He very quickly became our stablecoin expert and taught us a lot about stablecoins,” he said in an interview with Fortune . “So primarily, it's an inves
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- Exclusive: Former a16z crypto investor raises $10 million to launch stablecoin clearinghouse Better Money [Fortune]Fortune
MA
Earnings
- 1/29/26 - Beat
MA
Sec Filings
- 3/27/26 - Form SCHEDULE
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- MA's page on the SEC website