Held in 13 locations around the world annually and culminating with a finalist round at Harvard Business School in April, the competition of “Creating Ventures that Revolutionize”, serves as a launch pad for innovative new ventures from HBS alumni.
LMX’s CEO and Co-Founder, Thomas Schickler said LMX is thrilled to win the regional competition for Canada and is excited at the opportunity to take part in the finals round in Boston.” He added that LMX fuses technology and financial expertise to create new instruments and solutions and the opportunity to participate in the HBS New Venture Competition offers us a platform to demonstrate how innovation in the financial services industry can transform legacy processes and systems efficiently and cost effectively.
The New Venture Competition Global Finals round takes place on the Harvard Business School campus on April 18. Regional winners from the 13 global locations will pitch live to a panel of HBS alumni investors and founders. Four finalists then pitch live to a panel of prominent judges in a finals round.
For more information about the Harvard Business School New Venture Competition Global Finals go to –
LMX ACHIEVES MAJOR SEED FUNDING FROM JAVELIN STARTUP-O VICTORY FUND.
SINGAPORE – March 5, 2018 – LMX (www.liquidity-marketplace.com ) today announced the receiving of an undisclosed amount of funding from the Javelin Startup-O Victory Fund, managed out of Singapore. LMX is a financial technology startup which has created proprietary marketplace solutions that transform the way multinational corporates, banks and non-bank financial firms manage their liquidity. The significant seed funding for LMX comes just prior to the firm’s launch in North America.
LMX’s Liquidity Marketplace is a platform for multinational corporates, banks and non-bank financial firms to lend and borrow directly with no intermediation. The Liquidity Marketplace launches in North America this month and will be rapidly followed by launches in South East Asia and Europe.
The investment from the Javelin Startup-O Victory Fund validates the scale of the opportunity globally and recognizes the shift away from OTC solutions. The investment accelerates LMX’s mission to bring greater transparency and control to liquidity markets globally and redefine the short-term lending model to a self-directed approach rather than a reliance on costly intermediation.
“Sourcing and deployment of short-term cash are some of the biggest priorities for corporate treasurers and the challenges are increasing as banking regulations continue to ratchet up. Treasurers need solutions like LMX,” said Anuj Jain, Co-Founder and CEO of Startup-O. “The addressable market for related solutions exceeded $7 Trillion.” Mr Jain added: “LMX is fusing technology and deep financial expertise to transform the way in which liquidity is managed by the world’s largest companies and with LMX’s momentum we see a significant opportunity, especially here in Asia Pacific where capital markets are still developing.”
“We look forward to investing in more high potential, technology startups like LMX,” said Steve Davies, CEO of Javelin Wealth Management, which has collaborated with Startup-O to establish the Javelin Startup-O Victory Fund to expedite success for both the startups and the investors in them.
“We are excited to have Startup-O on board as an investor and partner as we prepare for the launch of The Liquidity Marketplace,” said Thomas Schickler, Co-Founder and CEO of LMX. “The combination of LMX’s vision and unique capabilities and Startup-O’s community of experts, strong regional resources and network, will help expedite LMX’s goal of reshaping the global liquidity market.”
ABOUT STARTUP-O AND JAVELIN
Startup-O is a Singapore-based online platform that helps curate tech startups from across Asia, and help them connect with strategic capital and a global network of experts to expedite venture building.
Javelin Wealth Management works with high net worth investors and family offices to build and manage properly diversified portfolios which invest in a broad range of assets.
LMX is a global financial technology firm founded in 2016 by financial and technology experts from HSBC and Goldman Sachs. LMX connects corporates, banks and non- bank financial firms via an all-to-all marketplace where they can borrow and lend directly with each other. LMX clients achieve significantly lower costs and higher yields through the elimination of intermediaries and streamlined processes while also bolstering their risk controls.
LMX has created a new financial instrument that is being traded in the US, an electronic marketplace for the trading thereof and has banks in Asia and the US piloting an internal version of the platform for use with their clients.
For more information please visit www.liquidity-marketplace.com