# Moxey

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

- Industry: Financial Services
- Headquarters: Baton Rouge, US
- Website: www.moxeyusa.com/
- Total disclosed funding: $1.1M
- Latest round: Seed (Dec 19, 2023)
- Investors on record: 3

## About

Based in Louisiana, US, and founded in 2017, TradeAuthority, LLC, doing business as Moxey, operates as a payment platform and integrated marketplace designed for small and medium-sized enterprises. In March 2024, Moxey raised USD 1.25 million in seed funding led by SpringTime Ventures, with participation from Clocktower Ventures and Service Provider Capital. As of 2024, the company has a client base including companies like Gator work, City Café, Azalea Lakes, and many more.

The company offers a financial platform that allows businesses to leverage their excess capacity and unused inventory to drive growth and improve cash flow.

Moxey facilitates transactions among its members using an internal credit system, providing interest-free lines of credit to its members, and enabling them to make purchases and sales within the network.

Employees can use Moxey for various services such as dental, vision, auto repair, travel, dining, and more, providing additional benefits for both employers and employees.

The company generates revenue by charging a 10% commission for new sales generated by the network.

The company plans to use the March 2024 funding to further expand its operations.

## Funding rounds

- Seed, Dec 19, 2023, $1.1M — Service Provider Capital, Clocktower Technology Ventures, Springtime Ventures

## Investors

- Service Provider Capital (https://capitalatlas.ai/funds/service-provider-capital) — Seed
- Clocktower Technology Ventures (https://capitalatlas.ai/funds/clocktower-technology-ventures) — Seed
- Springtime Ventures (https://capitalatlas.ai/funds/springtime-ventures) — Seed