QFEX YC Application

Spring 2025Active

QFEX went through Y Combinator in the Spring 2025 batch as a Fintech company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.

YC batch: Spring 2025
Industry: FintechBanking and Exchange
Team size: 10
Status: Active
Launched: 2025

Founders

Annanay KapilaFounder
Joshua WhartonFounder

What QFEX does

QFEX is the 24/7 exchange for traditional financial markets. We let you trade US equities, commodities and FX pairs with (or without) leverages of up to 100x. On QFEX, UX comes first: brokerless market access, seamless integration with traditional payment rails, and ultra-efficient Perpetual Futures offered over all asset classes. Trading has never been simpler, cheaper or fairer than with QFEX. Founded by Quants and Engineers from Citadel & Tower Research who saw an opportunity to make markets how they always should have been, QFEX will eventually replace the entire $100 billion exchange and clearing industry.

QFEX's YC application, reconstructed

Y Combinator application

QFEX, Spring 2025 batch. The real form questions, answered from public data.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

QFEX

Describe what your company does in 50 characters or less.

24/7 Global Stock Exchange

What is your company going to make? Please describe your product and what it does or will do.

We're building QFEX, a 24/7 exchange for US equities, commodities, and FX pairs. It lets users trade with up to 100x leverage on market access without brokers. Our product simplifies trading by integrating traditional payment rails and offering perpetual futures across multiple asset classes, aiming to replace existing exchange and clearing infrastructure.

Where do you live now, and where would the company be based after YC?

We live and operate out of London, England, and plan to keep the company based here after YC.

Explain your decision regarding location.

London is a global financial hub with deep talent in fintech and access to institutional markets. Being here allows us to build directly for our initial users, mostly traders in traditional finance who need global 24/7 access.

21 more answers in the full application

Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.

See full application

Frequently Asked Questions

Is this the real QFEX YC application?

No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from QFEX's public data (launch notes, founder backgrounds, product description). It shows how a company like QFEX would present itself to YC, not the text they submitted.