Kesitys
closedAn essential operation for option traders who have to decide when to make their portfolio delta-flat.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| investor investor | €0.0 | round | |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
| EUR | 2019 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Company filings or news article
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Kesitys, established in Paris in 2018, developed financial software focused on risk management for derivative portfolios. The company was founded by Anne-Claire Maurice (formerly Jeancolas), Mnacho Echenim, and Emmanuel Gobet. Their collaboration stemmed from academic research, with Gobet, a professor at Ecole Polytechnique, and Echenim, a researcher, developing the core technology, later joined by Maurice to bring the product to market.
The firm provided a specialized tool designed for options market-makers and volatility traders. Its primary offering was an API-based, plug-and-play application named TEMPO, which automated and optimized quantitative strategies. The software's main function was to signal statistically optimal moments for gamma-hedging, a critical operation for options traders to manage portfolio risk. By identifying the ideal timing for these adjustments, the tool aimed to reduce transaction costs while controlling risk exposure effectively. Kesitys operated on a B2B model, targeting its solutions at financial operators to enhance their post-trade risk management and productivity.
After its founding, Kesitys received support and incubation from entities like Agoranov, SATT Paris-Saclay, and Paris&Co. The company secured approximately $314K in an angel funding round in January 2019. A significant milestone occurred in April 2022 when Kesitys was acquired by Kaiko, a provider of cryptocurrency market data. This acquisition followed a pre-existing partnership between the two firms. The Kesitys team, including its founders, was integrated into Kaiko to lead a new business unit dedicated to quantitative analytics products for the crypto market, covering the entire portfolio lifecycle from strategy design to reporting.
Keywords: Kesitys, Kaiko, Anne-Claire Maurice, Mnacho Echenim, Emmanuel Gobet, financial software, risk management, derivatives trading, options market-makers, quantitative analytics, gamma-hedging, API, FinTech, portfolio optimization, TEMPO software, trading tools, volatility traders, crypto market data, financial technology, trade execution, quantitative strategies