# Exactly Protocol

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/exactly-protocol

- Industry: Software
- Headquarters: Montevideo, Uruguay
- Website: www.exact.ly
- Total disclosed funding: $3M
- Latest round: Seed (Aug 15, 2021)
- Investors on record: 7

## About

Exactly Protocol is a decentralized open-source platform that facilitates innovative fixed and variable interest rate markets, enhancing capital efficiency for investors and DeFi enthusiasts alike.Exactly Protocol was founded in 2021 in Montevideo, Uruguay, focusing on creating a decentralized, non-custodial protocol for interest rate markets. The company has completed 3 deals, with its most recent deal occurring on March 29, 2025. The firm raised USD 2.000 mn in venture funding during this period, bringing its total amount raised to USD 2.000 mn. The founder’s history is not detailed, nor are there references to any subsidiaries or parent companies.Exactly Protocol offers a decentralized, non-custodial, open-source protocol designed to facilitate both fixed and variable interest rate markets. Its core functionalities include a continuous and differentiable interest rate model that supports the development of a robust fixed income derivatives market. The protocol introduces an innovative liquidation process aimed at restoring user solvency more efficiently compared to traditional systems. Furthermore, it enhances capital efficiency by utilizing risk-adjusted collateral, which improves lending power and health factor calculations. This ecosystem serves individual investors, institutional participants, and decentralized finance (DeFi) enthusiasts primarily in North America, Europe, and select Asian markets where demand for decentralized financial solutions is increasing.Revenue generation for Exactly Protocol is driven by activities within its interest rate markets, where users can deposit and borrow at both fixed and variable rates. The pricing structure of the protocol is linked to the dynamic utilization rates of its asset pools, adjusting according to supply and demand. Clients engage in transactions by depositing assets into the protocol, earning interest based on fixed rates assured through prior borrower commitments. Borrowers repay loans at predetermined fixed rates, creating a reliable revenue stream for liquidity providers. The model emphasizes direct transactions between users, facilitating a streamlined B2C framework that leverages the decentralized nature of blockchain technology.In March 2025, Exactly Protocol raised USD 2.000 mn in venture funding from unspecified investors. The company plans to utilize the funding to support its blockchain expansion. Upcoming products and services are being designed, with intentions to enhance the protocol’s functionalities. Additionally, Exactly Protocol aims to expand into new geographic regions, focusing on markets in Asia and Europe by the end of 2025.

## Funding rounds

- Seed, Aug 15, 2021, $3M — Kaszek Ventures, Big Sur Ventures, NXTP Ventures, 6th Man Ventures, Newtopia VC, 11-11 DG Partners, BairesDAO

## Investors

- Kaszek Ventures (https://capitalatlas.ai/funds/kaszek-ventures) — Seed
- Big Sur Ventures (https://capitalatlas.ai/funds/big-sur-ventures) — Seed
- NXTP Ventures (https://capitalatlas.ai/funds/nxtp-ventures) — Seed
- 6th Man Ventures (https://capitalatlas.ai/funds/6th-man-ventures) — Seed
- Newtopia VC (https://capitalatlas.ai/funds/newtopia-vc) — Seed
- 11-11 DG Partners (https://capitalatlas.ai/funds/11-11-dg-partners) — Seed
- BairesDAO — Seed