PanXchange
Denver, Colorado, United States
About PanXchange
Futures exchanges serve as a source of price hedging and risk management for commodity markets, but they are not well suited for the buying and selling of actual cargoes of the underlying commodity. That's where PanXchange and its founder, former Cargill sugar trader Julie Lerner, see an opportunity. The Denver-based software platform allows buyers and sellers to negotiate online over the specific details of a trade, including the location and timing of delivery and the exact quantity and quality of the commodity. Moreover, Lerner explains the value of the data generated on the system, "we are gathering unprecedented, objective price discovery in real time." The company has been live in East Africa for more than a year and a half, offering the negotiation and trade of more than 20 different agricultural commodities in Kenya, Uganda and Tanzania. In the fall of 2016, PanXchange went live in U.S. feed grains with more than 50 traders and has already doubled the member base. In 2017, it will launch a second US grains platform as well as US petroleum products (NGLs). #bigdata #fintech #agtech #foodsecurity #energysecurity
Company Facts
- Operating status: Active
- Company type: For Profit
- IPO status: Private
- Employees: 11 – 50
- Estimated revenue: Less than $1M
- Last round: Series Unknown (Nov 2011)
- Website: panxchange.com
- Phone: (303)416-5455
Industries & Categories
Agriculture, Big Data, Financial Services, FinTech, Software
Social Profiles
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