3 March 2023
iLex, a market infrastructure provider for syndicated loan and private debt markets, announced it has raised $4.5 million in new capital. The round was led by QBN Capital, with participation from existing and new investors. This brings iLex’s total equity fundraising to $8.5 million.
The funding will be used to accelerate iLex’s product roadmap and client acquisition across Asia Pacific and EMEA, as well as to expand the team to drive user adoption.
“The ongoing volatile market conditions and banks’ pressure on margins call for greater liquidity and efficiency in loan capital markets,” said Bertrand Billon, CEO and Founder of iLex. “This year, our objective is to bring iLex’s secondary trading platform to maturity and expand our primary syndication solutions to deliver our vision of the all-in-one next-gen distribution platform for primary, secondary and private credit markets that is connected, collaborative and secured.”
Full Article on IBS Intelligence