Liquidity Marketplace closes $1m seed round

Global FinTech startup Liquidity Marketplace (LMX) has raised $1m in a seed-stage funding round.

The round was led by 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.

Headquartered in Vancouver, Canada, LMX provides an innovative marketplace solution to transform how multinational corporations, banks and financial institutions manage their liquidity

Founded in 2016 by financial and technology experts from HSBC and Goldman Sachs, the company connects corporates, banks and non-bank financial firms via an all-to-all marketplace, where they can borrow and lend directly with each other by eliminating intermediaries.

Having recently launched in North America, LMX will use the money to expand into Southeast Asia and the US. The capital will also help the startup to add 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 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.”

Shickler has 26 years of experience in the financial services sector particularly in transaction banking. He have previously helmed operational, technology and business leadership roles at Citibank, EBS’ electronic Interbank Foreign Exchange dealing platform, HSBC and J.P. Morgan.

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