QFEX

QFEX, an innovative global trading exchange startup founded by Cambridge mathematics graduates, has successfully secured £7 million ($9.5 million) in seed funding. The investment round values the fintech company at $95 million (£71 million).

Summary of transaction details:

• Value: £7 million ($9.5 million).
• Sector: FinTech / Trading Exchange.
• Advisor: Not disclosed.
• Key Entities: Target: QFEX; Lead Investor: General Catalyst; Additional Investors: Nexus Venture Partners, Y Combinator, and Paul Graham.
• Location: Cambridge (origin).

Note: This seed investment will empower QFEX to build the first financial exchange offering perpetual futures natively built for traditional assets. By enabling 24/7 trading, high leverage, and direct investor-to-investor access without brokers, the platform aims to disrupt the conventional $100 billion exchange and clearing industry.