Liquidity Marketplace (LMX), a Singapore-based fintech startup providing an innovative marketplace solution to transform how multinational corporations, banks and financial institutions manage their liquidity, announced today it has raised a $1 million seed funding round.
This investment is led by the Javelin Startup-O Victory Fund – a venture arm of Singapore based online assessment and venture building platform Startup-O; along with other strategic angel investors.
The firm’s marketplace solution serves as a platform for its clients to lend and borrow directly without any intermediation.Having recently launched in North America, this fundraise will also help drive LMX’s expansion into Southeast Asia and the United States.Furthermore, the investment will also help funnel LMX’s release into new categories to its existing services, including secured loans and trade finance.
“This investment backed by Javelin Startup-O Victory Fund is key to our aggressive expansion into the U.S. and Southeast Asia,” said Thomas Schickler, Co-Founder and CEO, LMX. “We aim to reshape the global liquidity market with our vision and unique capabilities, with the help of Startup-O’s community of experts and resources across geographies.”