Startup-O, Javelin Wealth to lead US$1 million seed round in fintech startup Liquidity Marketplace

Tue Jun 12, 2018 - 8:20am UTC

12/6/2018 – Global fintech startup Liquidity Marketplace (LMX) announced today that it has raised US$1 million in a seed stage funding.

The investment was led by Javelin Startup-O Victory Fund, a venture arm formed through the partnership between Singapore’s online assessment and venture building platform Startup-O and Javelin Wealth.

Anuj Jain, the co-founder and CEO of Startup-O commented on the investment, saying that LMX has shown capabilities in penetrating international markets, they demonstrate a seasoned team with a sound technology platform and a clear market strategy.

“We are confident in our 360-degree immersion into the Asian region that will allow for LMX to succeed and grow,” said Jain.

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.

LMX is a financial technology startup providing an innovative marketplace solution to transform how multinational corporations, banks, and financial institutions to manage their liquidity. This is through designing a platform for its clients to lend and borrow directly without any intermediation.

“This investment backed by Javelin Startup-O Victory Fund is key to our aggressive expansion into the United States and Southeast Asia,” said LMX’s co-founder and CEO Thomas Schickler.

Having recently launched in North America, the startup will also use the investment to help funnel LMX’s entry into new categories, such as secured loans and trade finance.

“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,” added Schickler.

Founded in 2016 by financial and technology experts from HSBC and Goldman Sachs, LMX caters to clients who are looking to source and deploy short-term liquidity.

One of the reasons for the creation of LMX, according to Schickler is in anticipation of a reduction in banks’ appetite for short-term deposits as well as lending.

In February, LMX was named the Canada Region Winner of the Harvard Business School (HBS) New Venture Competition, a contest which serve as a launch pad for innovative new ventures from HBS alumni.

LMX is also one of the top-ranked startups to get additional resources and funding following Startup-O’s Fastrack 10-week online assessment program.

The program screens startups through its rating algorithm then connects the companies with experts in its network for the purpose of evaluating business model, financial modelling, and overall investment analysis.

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