Last deal

Amount

Seed

Stage

13.02.2024

Date

3

all rounds

$8.8M

Total amount

General

About Company
Exponential Exchange designs contemporary commodities and brokered financial products for the new economy.

Industry

Sector :

Subsector :

Number of employees

Company Type

For Profit

Last funding type

Seed

IPO status

Private

Description

Led by an experienced team with expertise in derivative markets, structured finance, fintech, data science, and specialized sector experience in automotive finance, Exponential Exchange is developing a financial innovation platform to address the risks and opportunities presented by the digital economy and transportation revolution. Their launch products include cash settled index futures contracts on wholesale vehicle prices, aiming to mitigate the $500 billion unhedged exposure to fluctuations in used vehicle valuations in leasing portfolios, rental fleets, commercial fleets, and subprime portfolios. By leveraging their two decades of experience in the auto-finance industry, they have created novel derivatives to efficiently manage this risk and prevent potential catastrophic financial consequences.