iLex raises new capital to digitalise European loan market
2 March 2023
iLex, a company based in Singapore that wants to offer a state of the art technology platform for the syndicated loan and private debt markets, has raised new capital and is about to launch its service in Europe.
The platform-as-a-service (PaaS) fintech has raised $4.5m in a fundraising led by QBN Capital, bringing the total equity it has raised to $8.5m.
The funds will be used to accelerate iLex’s expansion in Europe, said Bertrand Billon, the company’s co-founder and CEO. “Our goal is to become the reference platform for primary syndications, secondary trading and private credit markets, which is universal, connected, data-driven and modern.”