FinTech news in felix capital category

Meet Prediko, a new startup that sits at the intersection of e-commerce, fintech and software as a service. Prediko has built an online dashboard that lets you review your inventory position as well as plan and order more products. Customers connect Prediko with their Shopify store directly — the startup is building integrations with other e-commerce platforms. After that, they can generate inventory reports to see fast-moving products, slow-selling items and the current retail value of the inventory.

The firm did not disclose funding amounts oddly but is sharing that their first round is co-led by a16z Crypto and Paradigm with participation from Thrive Capital, Coatue, Felix Capital, Ribbit Capital, Matrix Partners and Zeev Ventures. Bitcoin’s lightning network allows for cheaper and faster transactions than the base level network allows, making it a more ideal platform to leverage for payments and decentralized apps.