aXpire is a cloud-based, and AI-enabled blockchain payment processing company. We are a real company, with real revenues. Our business is a spinoff from LSG, LLC, an insurtech SaaS company that has a history of working with Fortune 500 and “household name” clients, such as Nike, Coca Cola and the NFL. We were founded in January 2017, and are headquartered in Manhattan, New York, with employees in London, India, and Australia. Our object-oriented core technology was developed at the request of our first client - one of the largest hedge funds in the world ($24Bn+ AUM) - to enable the real-time visualization and management of payment processing workflows across legal, fund accounting, administration, finance and compliance departments. Given the proactive demand of clients, our core team focuses the majority of its time on developing aXpire’s core applications, and sharing the Company’s capabilities with prospective customers through live and web-enabled demonstrations.
Our core team consists of the prior LSG C-suite, with over 90 years of combined experience in the softwareenabled payments space. We also have nine full-time developers with blockchain competency, built from our partnership with R3, an enterprise software company focused on building a proprietary blockchaininspired platform, Corda. Our Company will initially serve asset managers and fund administrators at banks, hedge funds, private equity firms and other financial institutions to deal with the resource- and time-costly process of managing and distributing expenses to each fund, or split of funds, as appropriate. Building out and providing this spend management service for asset managers is phase one of our company. Going forward, aXpire will expand its spend management technologies across industries outside of asset management, e.g. natural resources, travel & leisure, healthcare, food & beverage, transportation etc., removing human-manual processes in the expense management lifecycle through a highly secure SaaS model. Outside of asset management, our technologies will allocate expenses across different internal departments, or “cost centers” (e.g. finance, legal, accounting etc.) in a similar fashion to expense apportionment across different funds within asset managers. This industry-agnostic approach is phase two of our company, mainly focused on mid- and back-office expense management improvements. We have advisor experts in all of the aforementioned industries to enhance our go to market strategy.