Apex Clearing

Overview
FinTech Infrastructure?
Product stageSegments
Growth
?
Investment and financial management services
?

Apex Clearing (Apex) develops application programming interfaces (APIs) that provide clearing and custody infrastructure for FinTech providers to offer brokerage services. In addition to clearing, Apex provides tools for a range of technical services including accounts, trading, portfolios, and transfers, among others.

Apex claims its platform is a white-label infrastructure platform that provides customizable tools and technology for developers to build solutions. Over the eleven months ending November 2020, its platform processed 1.7 million trades daily on average, and 19.8 million new accounts were established.

Apex reported a revenue of USD 145.9 million for Q1 2021 (up 98% YoY), and the company remained profitable with net income amounting to USD 36.3 million (net income margin of 24.9%). Moreover, as of Q1 2021, the company had 14.4 million customers and also had USD 92 billion in client assets under custody. In February 2021, the company entered into an agreement with SPAC Northern Star Acquisition, to go public at a USD 4.7 billion valuation. Apex was to receive USD 850-1,000 million in funding through the investment.

HQ location:
350 N. St. Paul Street Suite 1300 Dallas TX USA
Founded year:
2012
Employees:
101-250
IPO status:
Private
Total funding:
-
Last Funding:
-
Last valuation:
-
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