#Xclaim, a Revolutionary Bankruptcy Claims Trading Platform, Secures $7 Million in Round A Financing

According to reports, Xclaim, a bankruptcy claims trading platform, has completed a round A financing of $7 million. Xclaim allows for the trading of major bankruptcy creditor claims, including FTX, Genesis, and BlockFi. At present, the claim price for FTX is 19 cents, higher than the 13 cents earlier this year, while Genesis is is 52.5 cents and BlockFi is 18 cents.

Bankruptcy claims trading platform Xclaim completes a round A financing of $7 million

##Introduction
Bankruptcy trades – where investors seek out creditors’ claims in distressed companies – are not new to the finance world. However, Xclaim, a claims trading platform that allows the trading of bankruptcy creditor claims, is revolutionizing the industry by making it more accessible to a greater number of investors. Xclaim recently announced the completion of its round A financing, raising an impressive $7 million. This article will delve deeper into the workings of Xclaim, the reasons for its recent success, and what potential investors should know about the platform.
##Xclaim – What is it?
Xclaim, founded in 2020 and based in New York, is an online marketplace and trading platform that facilitates the buying and selling of claims in bankruptcy proceedings, including FTX, Genesis, and BlockFi. The platform allows creditors to list their claims, and interested buyers can then browse through the listings, perform due diligence, and submit an offer to purchase the claim. Once the offer is accepted by the seller, Xclaim coordinates the payment process and transfer of the claim’s rights. Xclaim charges a fee for each successful transaction, making it a profitable venture for the company as well.
##Round A Financing
Xclaim’s recent successful round A fundraising has allowed it to further develop the platform and expand its reach. The $7 million secured during this funding round will be used for marketing, hiring additional staff, and increasing the number of offerings on the platform. This round was led by Initial Capital, with additional backing from investors such as Ken Moelis, a prominent Wall Street dealmaker.
##Trading Creditor Claims
Trading creditor claims can be an attractive investment opportunity for investors who are willing to take on the high risk associated with bankruptcies. Though the claim prices fluctuate, a successful investment could result in significant profits. An investor could buy a creditor’s claim for a discounted price and potentially receive a payout upon the successful conclusion of the bankruptcy proceedings. FTX, Genesis, and BlockFi are all well-known companies in the crypto space that have recently filed for bankruptcy protection.
At present, FTX’s current claim price is 19 cents, higher than the 13 cents earlier this year. Similarly, Genesis is currently listed at 52.5 cents, and BlockFi at 18 cents. These prices are constantly in flux, providing a dynamic and constantly moving market for potential investors.
##Investing on Xclaim
Investors can use Xclaim to view the current available bankruptcy claims and perform their own due diligence. The platform is built with transparency in mind, making it as easy as possible for potential investors to view and compare different claims. Investors can choose from a variety of options and invest in the claims that they find most profitable. Given the high risk associated with investing in bankruptcies, investors should only use funds that they can afford to lose.
##Conclusion
Bankruptcy claims trading is a high-risk, high-reward industry, but Xclaim is making it more accessible and transparent for potential investors. Its recent round A funding of $7 million is a testament to the strength of the platform and the high demand for such investments. We can only expect Xclaim to continue to grow and revolutionize the claims trading industry.
##FAQs
1. Q: What is the risk associated with investing in bankruptcies?
A: Investing in bankruptcies can be extremely risky, with no guarantee of receiving any payout. Investors should only use funds that they can afford to lose.

2. Q: How does Xclaim make money?
A: Xclaim charges a fee for each successful transaction made on its platform.

3. Q: Can anyone invest on Xclaim’s platform?
A: Yes, anyone can invest on Xclaim’s platform, but one should do thorough due diligence before investing.
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