iLex signs MOU with IHS Markit
18 June 2020
Singapore-based iLex, announced today that it has closed its seed funding round with strategic and FinTech investors from France, Hong Kong, Singapore and the United States. iLex is a financial technology start-up that is enabling the transformation of the corporate loan market.
The company is creating an all-to-all electronic market and trading platform for corporate loans and developing digital solutions. This will enable the end-to-end automation of trade execution, thereby aiming to boost liquidity and efficiency for the corporate loan market.
The funding supports the development of the first version of iLex’s platform, including its proprietary matching engine and trading protocols and its loan data and analytics offerings.