Exos Financial

About Exos Financial

Exos Financial, established in 2018, is a financial services firm developing a technology-driven platform for business-to-business institutional finance. Headquartered in New York City, the company was co-founded by Brady Dougan, the former CEO of Credit Suisse, and Joseph F Squeri. Dougan's extensive career in global finance, including steering Credit Suisse through the 2008 financial crisis, provides a foundation for Exos's mission to modernize an industry constrained by legacy systems. His experience is central to the firm's strategy of merging traditional banking expertise with a fintech approach.

The firm operates on a diversified business model, offering services across investment banking, asset management, and alternative investments. Its core offering is a proprietary, cloud-native platform designed to provide the complete suite of investment banking services with greater efficiency and transparency. For institutional clients, Exos provides M&A advisory, private placements, capital fundraising, and specialized services for Special Purpose Acquisition Companies (SPACs), including IPO underwriting and PIPE financing. The firm's estimated annual revenue is approximately $12.5 million.

A key milestone was achieved in 2019 when Exos launched its broker-dealer operations, followed by the establishment of Exos Asset Management after being approved as a registered investment advisor. The company has since expanded its services to include small business lending and alternative investment opportunities, such as a risk-managed Bitcoin strategy and investments in hydro-powered cryptocurrency mining. Exos also operates a technology ventures arm that builds and invests in early-stage companies focused on data science and automation to solve industry challenges, with portfolio companies like Claira, which uses AI for document analytics. The company has secured at least $9 million in funding over two Series B rounds from investors including Hamilton Global Opportunities and Brewer Lane Ventures.