# Exafin

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/exafin

- Industry: Financial Services
- Headquarters: France
- Website: www.exactly.finance
- Total disclosed funding: $3M
- Latest round: Seed (Aug 13, 2021)
- Investors on record: 6

## About

Exafin is a decentralized finance company offering a non-custodial protocol that enables fixed and variable interest rate markets, enhancing capital efficiency in credit markets while optimizing asset allocation.Exafin was founded in 2021 in France, focusing on a decentralized financial protocol that supports interest rate markets. The company successfully raised USD 3.000 mn in Seed funding on August 13, 2021, led by Kaszek Ventures and supported by several other investors, including 6th Man Ventures and NXTP Ventures. The founder's background is not detailed, and the company does not mention any subsidiaries or significant operational pivots.Exactly Protocol provides a decentralized, open-source protocol designed for both fixed and variable interest rate markets. Its core product focuses on an innovative interest rate model that utilizes a non-linear function to establish a fixed income derivatives market, catering primarily to individuals and organizations engaged in decentralized finance globally.Exafin's revenue model is closely tied to the interest rates set within its decentralized platform, with clients engaging in transactions involving lending and borrowing assets. Depositors earn interest by participating in fixed or variable rate pools, while borrowers gain access to these assets based on their creditworthiness. The platform operates on a B2C model, allowing direct user interaction with its features, generating revenue through transaction fees and interest differentials.Following their Seed funding round in August 2021, Exafin plans to utilize the USD 3.000 mn raised to develop their protocol and expand their team, particularly by hiring smart contract engineers. The company aims to enhance its product offerings and may consider expanding into new geographic markets, though specific regions have not been disclosed.

## Funding rounds

- Seed, Aug 13, 2021, $3M — Kaszek Ventures, Big Sur Ventures, NXTP Ventures, 6th Man Ventures, Newtopia VC, 11-11 DG Partners

## 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