Xclaim

Los Angeles, CA

XCLAIM is building the first-ever marketplace for e-trading the debt of bankrupt companies. More than $2 trillion of this type of debt has traded over the last decade, all on paper. They connect distressed debt investors with the vendors, supplies, landlords, and any other party with unpaid receivables due from a bankrupt company. By increasing the efficiency of trading, XCLAIM is creating liquidity in an illiquid market. It was founded in 2018 and is based in Los Angeles, California.