After working for years in the global commodities trading industry, I was constantly annoyed by some of the gross inefficiencies, lack of transparency, and outright fraud in the global markets. Finding price data, especially in the developing world, was an extremely tedious process that often required on-the-ground contacts who may or may not have a total view of the markets. Deals were held up by a lack of trust and incongruency in financial procedures and transaction methods. Almost every deal feels like drudgery. With these roadblocks removed or at least mitigated, traders like us can greatly increase our earnings and decrease our frustrations.
Aside from the negative effects these issues have on us as traders, they have knock-on effects that are often invisible to consumers. The lack of visibility in price data, deals bloated with middlemen and lawyers, and the costs added by some of the transaction methods all lead to increasing costs of goods for the consumers. In developing markets where many live on very little, these increased costs may have dire consequences on the cost of living, and the lack of visibility into these markets leads to lower export revenues and local economic earnings – a double pincer. For the wider global market, these issues lead to trillions of dollars in reduced GDPs. Quite literally, optimizing the way we trade impacts every person on the planet who consumes or produces anything.
Taking into account all of these experiences and working with a team of brilliant people from multiple disciplines, we came up with the idea for Luxeon – an AI-powered international trade platform that would help bring trade into the 21st century.
We’re currently in the development and market validation phase. Please reach out to us with any questions, ideas, or comments, or sign up for early access or beta testing. Your responses will dictate whether or not Luxeon comes to life.”
-Kojo H. Mienza, Founder, Luxeon