US$10 million series seed financing of LXA
Allen & Gledhill, as transaction counsel, advised Openspace Ventures (“Openspace Ventures”), a leading Southeast Asian venture capital firm, on its investment in the US$10 million series seed financing round of LXA, a Singapore-headquartered FinTech company geared towards matching institutional capital pools and residential mortgage borrowers.
LXA is targeting the mortgage ecosystem in Asia and its platform aims to utilise end-to-end technology to streamline the entire mortgage lifecycle, from loan origination and borrower processing to loan servicing.
Advising Openspace Ventures were Allen & Gledhill Partners Julian Ho and Adrian Ang.
