iLex gets $4.5m to tackle inefficiencies in corporate lending
2 March 2023
When Bertrand Billon launched iLex in 2019, he wanted to bring better liquidity, efficiency, intelligence, and security to the corporate lending market.
A year later, the Singapore-based firm raised an undisclosed amount of seed funding from strategic investors in its home country, as well as ones based in France, Hong Kong, and the US.
“The ongoing volatile market conditions and the pressure on banks’ margins call for greater liquidity and efficiency in loan capital markets,” Billon, who also serves as iLex’s CEO, said in a statement announcing the company’s new US$4.5 million pre-series A round.
The round, led by Hong Kong-based VC firm QBN Capital, brings the fintech startup’s total funding to US$8.5 million to date.
iLex’s loan distribution platform aims to offer banks, asset managers, and debt advisors operational efficiencies in primary syndication and secondary trading processes.
Over the past year, the company said it has expanded across Europe, the Middle East, and Africa (EMEA) and managed to boost the volume of assets listed on its platform to US$10 billion.
