Operates a marketplace for buying and selling bankruptcy claims, providing real-time market data and a matching engine to ensure fair pricing. It enables claim holders to recover funds faster by connecting them with over 1,000 registered buyers and offering brokerage services for complex transactions.
Funding
$19M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
JJFounders
Product
Problem
Bankruptcy claim holders often face challenges in recovering funds quickly due to the complexities and time-consuming nature of bankruptcy proceedings. Traditional methods of selling claims can be inefficient, lacking transparency and potentially resulting in unfavorable pricing for claim holders.
Solution
Xclaim operates a digital marketplace that facilitates the buying and selling of bankruptcy claims, providing claim holders with a platform to recover funds more rapidly. The platform offers real-time market data and a matching engine designed to ensure fair and accurate pricing for both buyers and sellers. Xclaim connects claim holders with a network of registered buyers and offers brokerage services for more complex transactions, streamlining the claims trading process. By providing increased transparency and access to a wider pool of potential buyers, Xclaim empowers claim holders to manage their assets more effectively.
Target Audience
Xclaim primarily serves bankruptcy claim holders seeking to liquidate their claims quickly and efficiently, as well as institutional buyers looking to acquire claims in a transparent and liquid marketplace.
Features
- Real-time market data for active bankruptcy cases, providing transparency into claim values.
- Matching engine that connects claim sellers with over 1,000 registered buyers.
- Brokerage services for complex and bespoke transactions, offering expert negotiation and structuring.
- Claim management tools allowing users to create private claim listings, upload documents, and track pricing.
- Auction services to concentrate bids and maximize competition for claim assets.
- Private sale options for rapidly identifying a buyer among active institutions.
- Portfolio valuation services providing mark-to-market pricing for claim portfolios.