# 🚀 Startup #5: Starlight

By [Ali Shaikha](https://paragraph.com/@alishaikha) · 2022-04-18

---

[https://www.starlight.money/](https://www.starlight.money/)

**Segment:** DeFi / **Business Model**: B2B / **Stage**: Seed

* * *

**Purpose**: Helping companies manage their crypto

**Problem**: Managing and tracking funds in crypto can be from multiple sources making it difficult to understand how much and where crypto funds are being spent

**Solution**: Create a crypto wallet and track all spending in one tool, while staying compliant

**Team**:

*   [Grey Nguyen](https://www.linkedin.com/in/nguyengrey/) - Co-founder and CEO
    
*   [Ben Yang](https://www.linkedin.com/in/benjyang/) - Co-founder and CTO
    

**Traction:**

*   Funding: Raised $5M Seed in April 2022, led by Abstract Ventures and A\* Capital. Balaji Srinivansan, Sahil Bloom and Dan Held contributed.
    
*   Product: Currently in closed-beta and aiming to launch later this year
    

**Positive Signals:**

*   Market: No other real crypto spend management platform out there, allowing them to be a first-mover. It’ll be key to see how they become sticky for their customers as more players enter the space
    
*   Business Model: Proven out by FIAT corporate card and spent management startups like Brex and Ramp
    
*   Founders: Strong backgrounds, both went to Wharton and worked in reputable firms the last few years
    

**Risks**:

*   Business Model: They aim to be free for users and charge in the future with product launches such as staking
    
*   Founders: First-time founders (I don’t view this as a negative), but will be interesting to see them ride the ups and downs of the journey - they have a strong team of investors (read: mentors)

---

*Originally published on [Ali Shaikha](https://paragraph.com/@alishaikha/startup-5-starlight)*