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Xclaim
Xclaim operates the world's largest online marketplace for trading bankruptcy claims, serving the $1 trillion market. The platform connects creditors, including those in the crypto space, with registered buyers, enabling them to sell their claims for immediate cash and avoid the long waits of bankruptcy proceedings. By providing real-time market data, a matching engine, and a brokerage service for complex claims, Xclaim ensures a transparent and fair trading experience, having facilitated nearly $1 billion in claim liquidations for over 10,000 holders.
Distributed
Description
Xclaim operates the world’s largest online trading platform for the $1 trillion bankruptcy claims market. It provides a centralized, searchable database for U.S. bankruptcy claims, allowing investors to efficiently bid on claims and creditors to discover market pricing through competition. The platform, which has helped over 10,000 claim holders liquidate nearly $1 billion in claims since its founding in 2018, aims to resolve inefficiencies in the traditionally opaque bankruptcy market. Xclaim offers a digital marketplace for various creditors to gain immediate liquidity for their frozen accounts. For larger, complex transactions, Xclaim's expert brokerage desk assists with negotiating, structuring, and executing bespoke deals. The company does not purchase claims for its own account but acts as a broker, connecting sellers with a network of registered buyers and investment funds. Additionally, Xclaim provides a comprehensive library of educational resources to help all parties navigate the complexities of Chapter 11 bankruptcy and claims trading.Grant Funding
VC Funding
None
2023
$0
$7M