Fintech startup Liquidity Marketplace raises US$1mil in seed funding

By Digital News Asia June 12, 2018

Seed funding led by Singapore’s Javelin Startup-O Victory fund
Solution serves as a platform for clients to lend and borrow directly without any intermediation

Fintech startup Liquidity Marketplace raises US$1mil in seed funding

LIQUIDITY Marketplace (LMX), a financial technology (fintech) startup providing an innovative marketplace solution to transform how multinational corporations, banks and financial institutions manage their liquidity, announced today its successful seed stage fundraise of US$1 million.

This investment is led by the Javelin Startup-O Victory Fund – a partnership between Singapore-based online assessment and venture-building platform Startup-O and Javelin Wealth; 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, these funds will also help drive LMX’s expansion into Southeast Asia and the United States.

Furthermore, the investment will also help funnel LMX’s entry into new categories, including secured loans and trade finance.

“This investment backed by Javelin Startup-O Victory Fund is key to our aggressive expansion into the US 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."

Having spent most of his corporate life in Asia, CEO Thomas Schickler has 26 years of experience in the financial services sector particularly in transaction banking. He has helmed operational, technology and business leadership roles at Citibank, EBS’ electronic Interbank Foreign Exchange dealing platform, HSBC and J.P. Morgan.

Along with his founding team, LMX has a track record of execution and technical insight in electronic trading platforms, short term liquidity markets and the complex regulatory environments in which they operate.

Anuj Jain, co-founder & CEO, Startup-O said, “In an ecosystem where authentic startup founders face immense challenges, LMX has shown capabilities in penetrating international markets. We are confident that our 360-degree immersion into the Asian region will allow for LMX to succeed and grow.”

Nitin Nath, co-founder & COO, Startup-O further added, “Startup-O has discovered LMX and we believe that they have a seasoned team with a sound technology platform and a clear market strategy. More importantly, our role extends beyond enabling capital allocation by working with them to build the business together and expediting the growth of the LMX proposition."

Through Startup-O’s Fasttrack 10-week online assessment programme, LMX was one of the top ranked startups to receive additional resources and funding. This programme is where global experts periodically evaluate promising startups and decision-making algorithms identify the best of the ventures in a structured and unbiased manner.