Happy Weekend everyone.
july 2026 recap
quick rundown of what happened + answers to the qs i've been getting since the raise.
$CRED MetaDAO raise
the raise got oversubscribed in 4 minutes.
that morning i was at the
@Colosseum office in SF, in the booth to connect online for the
@MCGlive stream w/
@ChillTRD and
@DineroDom0 at 10AM EST. walked in planning to talk about why people should ape into the raise... by the time we wrapped i was already talking about what we're gonna do with it. that's how fast it moved.
on transparency, bc that's basically all anyone's asking rn.
got a lot of questions + roadmap suggestions post-raise. we're still figuring out what it means to run a public company w/ real ownership, in public, in real time. some updates:
- dune charts had some hiccups, fixed now.
can't make the underlying queries public bc it'd expose client wallet addresses and break NDAs we're bound to. working on an alt that gets you visibility without that tradeoff.
- artemis is live.
- blockworks transparency report (TTF) in the works.
- Also looking to bring on an external audit firm (a credible one, had to) to publish monthly/quarterly reports. cadence still TBD, depends on cost/effort on our end.
transparency stays priority #
1#.
quick note on growth, bc numbers will look slower.
rewind to apr-jun: we onboarded a lot of clients, drove aggressive volume growth, but it stretched our banking + acquirer infra, more AML/compliance triggers than planned.
so we're slowing new onboarding in june + aug and using that time to fix txn success rate instead. june/aug will look flat-ish on paper ~10% MoM, that's the plan. accelerating again from sept, still targeting $3B annual volume. new features + payment methods coming that should help get us there. that number still holds from where i sit.
website stuff.
heard feedback incl from
@metaProph3t that the site needs work. ran a campaign to find someone, didn't find the right fit, ended up hiring an expert directly instead.
plan is to split the product offering into two lines: checkout and remittance, that's where we're seeing traction and the site rn doesn't reflect that.
one thing open for input: should the product lineup look more like stripe (payment links, invoicing, etc) or more original, built around the specific client categories (checkout, remittance) we serve? reply with your take.
that's july. official updates come from the
@crediblefin + monthly newsletter, this one's just my take. more soon on the blog + substack.