We have worked with startups CEOs as well as operating partners at Venture Capital firms to support their portfolio companies
Challenge
Uphold is a neobank that provides 4M consumers with banking and a crypto exchange.
The company wanted to extend into institutional trading and reduce the cost of trades on exchanges.
Solution & Results
To address this, we helped source and then acquire LXDX, which provides connectivity to every major exchange and provides dark pool trading from one account.
Identifying the right acquisition target was challenging due to the nascent stage of the industry and the claims by multiple firms to offer similar services. Optimizing Alpha was used to undertake due diligence, size and value the opportunity, and help create the post-integration plan.
Since the acquisition, Uphold has reduced it’s OPEX costs for trading and used the LXDX platform to support the company’s asset-to-asset trading marketplace.