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Aaron Navin

Co-Founder and CBO, Grain · 1 appearance on the record.

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founderexecutivegrainfinance.co ↗

Aharon Navon (Aaron Navin) is the co-founder and Chief Business Officer at Grain, an embedded cross-currency platform automating foreign exchange risk. He previously led CEEMEA FX and rates trading at Barclays and worked in trading at Deutsche Bank.

12statements → 5claims → 1claims resolved → 3.67/5average certainty → 1.67/5average debate potential →

0 supported 0 partly supported 1 contradicted 4 not checkable as stated how the 5 claims stand · each chip opens the sources

2 predictions · 3 assertions · 1 opinion · 2 insights · 4 disclosures · every statement was checked. The predictions and assertions are the 5 claims: statements the public record can support or contradict. 1 is resolved, and 4 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Aaron argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable contradicted claim

Assertion Contradicted
Navin: Local banks charge 4% to 5% for EUR/USD hedges
“I mean, if you would try to do that, for example, versus, I mean, with his local bank, you would pay, probably end up paying by four or five percent for the specific million dollars of euro dollar hedge.”
Aaron Navin Dec 29, 2022 ▶ 5:22 FinTech Helps Hotel Bed Owners in US Hedge FX Risk Selling to Travelers in Other Countries

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Aaron Navin on measured tape to publish a rate. This says nothing about how they speak.

Everything Aaron Navin said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Insight
Navin: 2% of a $30B company beats avoiding dilution
“So for me, let's say if I look in 10 years down the line, and I'll have even two percent, but from a thirty billion dollars business, I'll be okay with that. I don't care about the difference.”
Aaron Navin Dec 29, 2022 ▶ 11:53 FinTech Helps Hotel Bed Owners in US Hedge FX Risk Selling to Travelers in Other Countries
Insight
Navin: Raising more capital reduces startup risk
“So the more money I have, you know, it's the less risk, I think, for the company.”
Aaron Navin Dec 29, 2022 ▶ 12:28 FinTech Helps Hotel Bed Owners in US Hedge FX Risk Selling to Travelers in Other Countries
Assertion Contradicted
Navin: Local banks charge 4% to 5% for EUR/USD hedges
“I mean, if you would try to do that, for example, versus, I mean, with his local bank, you would pay, probably end up paying by four or five percent for the specific million dollars of euro dollar hedge.”
Aaron Navin Dec 29, 2022 ▶ 5:22 FinTech Helps Hotel Bed Owners in US Hedge FX Risk Selling to Travelers in Other Countries
Disclosure
Navin: GrainFinance raised a $19M seed round
“Nineteen million dollars.”
Aaron Navin Dec 29, 2022 ▶ 10:39 FinTech Helps Hotel Bed Owners in US Hedge FX Risk Selling to Travelers in Other Countries
Disclosure
Navin: GrainFinance sold over 20% equity in its $19M seed round
“A little bit higher.”
Aaron Navin Dec 29, 2022 ▶ 11:33 FinTech Helps Hotel Bed Owners in US Hedge FX Risk Selling to Travelers in Other Countries
Prediction Not checkable as stated
Navin: Grain will scale hedging volume to $15B by 2025
“No, I'm saying exponential, then in twenty-twenty-four, yeah, we will have probably between five to seven billion dollars of hedging, and then it's going in, in exponential way. So 24, 25, probably we're going to be like 15,000.”
Aaron Navin Dec 29, 2022 ▶ 18:40 FinTech Helps Hotel Bed Owners in US Hedge FX Risk Selling to Travelers in Other Countries
Disclosure
Grain takes a 20 to 30 basis point spread on FX hedges
“It's basically 20, 30 basis points, you know, above my cost of hedging, which is actually very, very competitive.”
Aaron Navin Dec 29, 2022 ▶ 5:14 FinTech Helps Hotel Bed Owners in US Hedge FX Risk Selling to Travelers in Other Countries
Prediction Not checkable as stated
Navin: GrainFinance is pre-revenue, will generate revenue by January
“Yes, pre-revenue. But let's say September, January, we'll start generating revenues.”
Aaron Navin Dec 29, 2022 ▶ 9:40 FinTech Helps Hotel Bed Owners in US Hedge FX Risk Selling to Travelers in Other Countries
Assertion Not checkable as stated
Navin's prior Israeli hedging business serves 1,500 corporate clients
“And six years ago, I found a company in that specific area as well, providing hedging for small, medium businesses in Israel. And in that specific company, I have already 1500 companies that are doing business with me.”
Aaron Navin Dec 29, 2022 ▶ 15:33 FinTech Helps Hotel Bed Owners in US Hedge FX Risk Selling to Travelers in Other Countries
Opinion
Navin: Unimpressed by Blackstone CEO Stephen Schwarzman's Book
“Read lately Stephen Schwarzman from Blackstone. Which I wasn't really impressed, actually, but that was the latest one I read.”
Aaron Navin Dec 29, 2022 ▶ 20:46 FinTech Helps Hotel Bed Owners in US Hedge FX Risk Selling to Travelers in Other Countries
Disclosure
Navin: Grain Provides Embedded FX Hedging to Travel Platforms
“Actually, now we're serving, we are more of an embedded finance, so we are providing hedging, yeah, to travel platforms in the travel industry, ok?”
Aaron Navin Dec 29, 2022 ▶ 7:25 FinTech Helps Hotel Bed Owners in US Hedge FX Risk Selling to Travelers in Other Countries
Assertion Not checkable as stated
Navin's prior Israeli FX hedging firm is profitable and bootstrapped
“And this is a very profitable business. And this is, that, that, the company was a bootstrap. No funding raising at all.”
Aaron Navin Dec 29, 2022 ▶ 16:22 FinTech Helps Hotel Bed Owners in US Hedge FX Risk Selling to Travelers in Other Countries

Appearances (1)

EpisodeDateSpeaking time
FinTech Helps Hotel Bed Owners in US Hedge FX Risk Selling to Travelers in Other Countries Dec 29, 2022 10m
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