TrustMe / TPX Property Exchanges Group of Companies

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Company info

Name: TrustMe / TPX Property Exchanges Group of Companies

Location: London, United Kingdom

Founded Date: 16/03/2016

Founders: Antony Abell

Website: www.tpx-global.com

Sector: FinTech / PropTech

Market Presence: United Kingdom, USA, Canada, Singapore, Australia (Global)

N. of Employees: 39 (FTE)

Revenue: Currently Pre-Revenue. Year 1: GBP £4.8m, Year 2: GBP£453m, Year 3: 1,134m

Contact Email: contact@equitymatch.co

KPI

New client accounts per exchange per month, ARPU, new IPOs per month, transaction velocity on payment platforms.

Round info

Investment Round: Pre Series A

Raise Amount: GBP £30m (First close of GBP £5m)

Amount raised previous rounds: £840,000

Pre Money Valuation: £41m (share valuation)

Closing date: 21/04/2023

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TrustMe / TPX Property Exchanges Group of Companies

Elevator Pitch: In a high inflation / high debt economic cycle TPX has created inflation resistant money by enabling the creation of small unit legal titles of property (real estate) to be used for 24/7 instant liquidity on regulated global property exchanges. It is a global model launched with central bank, regulator and government assistance from London.

Summary: The London based TPX™ Property Exchanges are in the process of globally deploying a number of regulated property exchanges that make property titles a small unit, liquid, tradable asset class for anyone with a mobile phone or a trading screen. They have worked out how to use existing legal code, property processes and the new blockchain and AMM technologies to make small unit property titles fully liquid and transferable for both the institutional and global retail marketplaces.

The exchanges ‘make property liquid’ by using existing property workflow process, trading systems and ecosystems and combining it with blockchain and automated market maker technologies.

In addition to this:

  • The TPX™ use a market driven approach to bring global liquidity to individual property assets listed on local property exchanges.
  • It is a ‘top down’ regulated approach delivering an institutional grade exchange and the TPX™ teams are working with regulators, central banks, governments and financial institutions.
  • Property is historically an inflation resistant, appreciating, asset and the TPX™ makes local property a global asset accessible by anyone in the world with a mobile phone or an institutional trading screen terminal.
  • The exchanges are extraordinarily efficient and ensure global end-to-end transfer of the created title certificates in under 50ms at less that 5bps on a chain that enables legal adjudication of assets.
  • The model is a shift away from trading high volatility, extrinsic value, assets to one of trading and using high demand, intrinsic value, stable, utility assets. The TPX™ business model ensures revenue capture every time a title certificate moves on a TPX™ platform either in a trade or as a payment.

Each of the first 20 deployed exchanges anticipated to generate revenues of over £210m pa with a gross margin of 67% by year 3. On its distributed exchange group model this equates to £4.2bn gross revenues across a planned 20 initial global exchanges after three years. Subject to funding and execution of current plan the projected investor ROI at three years is currently forecast by the company in excess of 800%. In model this would make the TPX™ Property Exchanges a stronger investment opportunity at 3 years than Coinbase, RobinHood and Revolut…. combined.

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