CFX Markets

wealthtech-retailother investments platform

FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 17/07/2020

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About

CFX Markets is the secondary market trading platform for alternative assets. It enables investors to buy and sell shares of alternative assets with each other, bringing liquidity, and flexibility to the industry. CFX is integrated with other issuers and portals to streamline the process of secondary market transfers of alternative assets. Currently, the company is working on a distributed ledger (blockchain) solution for the alternative asset industry

Focus

PRODUCTS & SERVICES

CFX Markets is an online platform to where investors can buy and sell shares of alternative assets with each other. It provides an open and secure network to facilitate secondary transfers of private securities. It facilitates ownership transfers of alternative assets, such as public non-traded REITs, BDCs, and Regulation A+ securities.

REVENUE MODEL

The company follows a transaction revenue model. The platform charges a 3.5% fee to the seller and a 2.5% fee to the buyer.

MAIN CLIENTS

Investors

Traction

TRANSACTIONS COMMENT:

Since the launch in Jan. 2016, the company has completed thousands of transactions. (Nov 2017)

People

BOARD MEMBERS AND ADVISORS

Jordan Fishfeld

Juan Hernandez

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Harvard Business School Angels of Chicago and SixThirty Ventures.

iNovia Capital

M25

M25 Group

Origami Capital Partners

SixThirty

Startupbootcamp

West Loop Ventures

KEY EMPLOYEES:

Dan Breen (Head of Trading); Jordan Fishfeld (Managing Director); Juan Hernandez (CTO)

COMMENT:

Juan is a veteran of technology,electronic exchange networks, with over 18 years of financial technology,strategic management experience. Dan has over 20 years of secondary market experience in alternative assets, working primarily with public non-traded REITs,BDCs.

Momentum

FUNDED

YES

TOTAL FUNDING

$2.2 M

DATE OF LAST FUNDING

Nov 2017

TOTAL FUNDING COMMENT

The company will use the funds to expand into new markets and accelerate development of new innovation in trading, clearing & settlement, and distributed ledger technology. (Nov 2017)

SEED CLOSED ON

Mar 2017

FUNDING SERIES

SERIES A  · $2.2 M  · Nov 2017

LISTED

NO

Innovation Programs

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