PeopleHedge was created to shine a light on the underbelly of foreign exchange. The current model simply does not and probably never will serve small businesses and individuals in a fair way. While large corporations benefit from wholesale rates, everyone else is charged up to 10% to conduct the same transaction. We believe that everyone should have access to the same rates so we provide a flat rate of 1%.
As a field engineer Damon has felt the woes of foreign exchange risk first-hand, both on the personal and project level. With no outlets to hedge exchange risk while traveling worldwide his salary and expenses were subject to the whims of volatile FOREX markets. After switching careers to work in open pit options trading in Chicago, he learned the techniques used to mitigate risk from professional traders.
Now based in Boston, he decided to tackle this problem directly, using modern web technologies and patent-pending methods in quantitative finance. In 2011 he formed PeopleHedge Corporation, a web-based company dedicated to transparent pricing for everyone.
A former electrical engineer in the defense industry, specializing in photonics and semiconductor physics, Paul brings a highly mathematical mind and history of project success to PeopleHedge. Via back-testing and algorithm innovation, Paul is optimizing the pricing used to lock-in your exchange rate, bringing the cost down for everyone.
After serving in the U.S. Army and working across a range of different government and business enterprises (including the Marriott, the United Parcel Service, and the Department of Defense), Kacey is now leading the growth of PeopleHedge’s marketing engine. With over six years of experience in process development, supply chain management, and customer service, he brings to PeopleHedge a strong culture of both energy and discipline. By focusing on relationship building and social media engagement, Kacey is working everyday to connect us to both our customer base and the greater technology startup community.
PeopleHedge in the News
PeopleHedge Patent Awarded
October 19, 2014
We are proud to announce that our patent has been granted! Our patent outlines how to aggregate small transactions into larger, exchange-traded products. View Patent
Tech Entrepreneurs Can Play an Important Role in Financial Inclusion
July 14, 2014
The terms "tech entrepreneur" and "low-income" typically don’t go together, but an innovative collaboration of philanthropists and investors is trying to change that. On June 24, 2014, the SF Fed’s Community Development Department hosted the Village Capital Venture Forum, part of the SOURCE (Solutions from Our Country’s Entrepreneurs) Initiative, a new collaboration between The Hitachi Foundation, Village Capital and Investors’ Circle. SOURCE connects socially-minded entrepreneurs with investment capital, mentoring, and support. The Venture Forum was the capstone event to Village Capital’s three-month entrepreneur accelerator program, in partnership with the eBay Foundation. Read Full Story
PeopleHedge announces acceptance into Village Capital FinTech 2014
April 11, 2014
Earlier this year PeopleHedge was invited to apply for admittance into Village Capital’s FinTech 2014 accelerator program. PeopleHedge was subsequently selected from over 100 applicants to participate as one of the final 10 admitted into the program. Read Full Story