Xclaim
Xclaim operates the world's largest online trading platform for the $1 trillion bankruptcy claims market, facilitating over $800 million in trades and offering advanced features like a Claim Advance Program and real-time pricing data.
Overview of Xclaim
Xclaim operates the world's largest online trading platform specializing in the $1 trillion bankruptcy claims market. The platform hosts over 1.8 million claims and features a buyer network of investment funds managing upwards of $90 billion in capital. Xclaim offers a centralized, searchable database with intelligent sourcing and due diligence capabilities, ensuring end-to-end transactability for users dealing with bankruptcy claims.
Services
Xclaim provides a comprehensive suite of services tailored for the bankruptcy claims market. These include a Claim Advance Program, enabling claim holders to receive advances on future claim distributions, and real-time market pricing data for thousands of market participants. Their platform also features a sophisticated matching engine that guarantees fair and accurate pricing. By utilizing these services, claim holders can recover more funds, quicker, by leveraging an efficient digital marketplace.
Funding and Expansion
Xclaim raised $7 million in Series A financing to expand its crypto bankruptcy claim trading platform. This funding is part of their overarching strategy to innovate and broaden their service offerings within the evolving landscape of bankruptcy claims. The additional capital supports their technological advancements and market reach, reinforcing their position as a leader in the industry.
Transaction History
The platform has facilitated trades of over $800 million in claims. Notably, this includes significant transactions in individual cases amounting to $174 million, $153 million, and $69 million. Xclaim's robust transactional history demonstrates its capacity to handle large-scale claims and provide optimal solutions for both claim holders and buyers. This track record highlights the platform's reliability and efficiency in managing bankruptcy claims.
Real-Time Market Data
Xclaim provides real-time market pricing data, benefitting thousands of market participants. This feature ensures that users have access to current and accurate information, enabling them to make informed decisions regarding their claims. The platform's commitment to data transparency and accuracy supports users in maximizing the value of their transactions within the bankruptcy claims market.