Fort Worth-based TransVix LLC is working to provide a way to trade options and futures for the U.S. trucking industry.
The financial technology startup’s platform, TransVix Marketplace, is “one of the first trading platforms for the transportation industry,” according to D CEO.
“Most costs in trucking are fixed, but the price fluctuates,” TransVix CEO Craig Fuller told D CEO. “So you can take on a large contract, and if the market changes fast, you could be in a position where it bankrupts you.”
The company recently received $2 million from Hunt Technology Ventures to further develop its platform. It’s also applying to the U.S. Commodity Futures Trading Commission to become a designated contract market.
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R E A D N E X T
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CreateHers. BuildHers. DisruptHers. Risk-TakHers. InventHers. InvestHers. Texas women trailblazing new paths are the subject of a new podcast that features innovators disrupting their industries, building movements, and creating positive social change.
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Mayor Cites New Report at the Fort Worth State of Entrepreneurship: Startups Created Nearly 30K JobsMayor Mattie Parker, whose catchphrase is "Go Time," says she coined the term for a reason. Fort Worth is at a pinnacle of possibility, and entrepreneurship is at the center of that. The data speaks for itself, Parker said: A new jobs report from Sparkyard shows startups play a significant role in job creation in Fort Worth and Tarrant County—with average salaries more than twice the minimum wage.
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Global Entrepreneurship Week Fort Worth kicks off November 7-12 with an opening party, a pitch competition, a State of Entrepreneurship luncheon, and lots more for founders and entrepreneurs to sink their teeth into.
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Dallas-Fort Worth is a big draw for Gen Zers, too. This summer, CommercialCafe ranked DFW No. 4 among the 10 Best Metros for Generation Z.
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You’ve found Dallas Innovates’ archive of news briefs from July to September 2021.
