What Happened
Building Financial Infrastructure For The $500B Space Industry
Nebex, a fintech company, is building capital markets infrastructure for the $500 billion space industry, which currently lacks functioning capital markets. The company’s CEO, Tejpaul Bhatia, argues that the industry’s bilateral and sequential transaction process is inefficient and hinders growth. Nebex has secured $30 million in funding from GV and a banking relationship with JPMorgan Chase to develop its financial infrastructure. This development was reported by 24/7 Wall Street.