Investor Relations

AI-Native Operating System for Secondary Metals Trading

ScrapEX connects the physical copper trade to its financial execution - contracts, price fixing, LME hedging, shipments - in one platform.

Live in production, raising Seed / Pre-Series A.

Corporate Overview
ScrapEX builds the operating system for secondary metals trading. We are a software company - we do not buy, sell or hold physical metal.
The industry moves $623B+ a year and still runs on spreadsheets, email and disconnected systems. A trading desk tracks price-fixation deadlines, LME hedge execution, shipment timing, broker coordination and payments across systems that do not talk to each other. Commodity volatility is now structural, not cyclical, and secondary copper carries a structural supply deficit - S&P Global projects a ~10Mt shortfall by 2040. Active risk management is no longer optional, and no software category leader has emerged yet.
ScrapEX Workspace connects the physical trade to its financial execution in one platform: trading workflow, operations, financial layer and an AI Co-Pilot working inside the process. The platform is open and account-based - traders, brokers, recyclers and industrial consumers operate in the same network. ScrapEX owns the rails; participants own their accounts. Partnership-first: we connect your CRM, CTRM and broker, we do not replace them.
Beachhead: secondary copper. Aluminium, nickel and zinc next.
Our platform enables traders, manufacturers, and recyclers to:
  • Lock in prices instantly
    Convert spot deals to formula pricing with one click, minimizing exposure to market swings.
  • Discover trusted suppliers
    Access a curated network of vetted partners, reducing negotiation time and fraud risks.
  • Hedge smarter
    Leverage AI-powered tools for metals and currencies, all in one place.
Live platform metrics (all-time)
Trusted by Industry Leaders.
  • 691
    Contracts processed on the platform
  • ~27,900 mt
    Physical product traded
  • 1,818
    Hedges executed via a Tier-1 LME broker
Latest News
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Team
Operators in fintech, eCommerce, and AI-native product.
  • Jared Antonenkov
    Co-Founder & CEO
    15 yrs in eCommerce & fintech startups - product, marketing & growth. Ex-Product Manager at Obviyo & sticky.io. MBA (Kozminski).
  • Max Varenikov
    Co-Founder & COO
    Fintech ops & commercial leader. Ex-Head of Client Relations & BizDev at Currency.com. 7+ yrs in industrial trading & procurement across EU & Asia.
Supported by partners
  • Instinctools is an AI-driven software product development and consulting company with a proven track record of 25+ years in technology, strategy, and data.
Contact IR Team
IR Contact
Max Varenikov
[email protected]
SCRAPEX DMCC
2906, HDS Tower, Cluster F, JLT
Dubai, United Arab Emirates
Licence: DMCC-898393
Registration number: DMCC197766