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iLex shares that loans are from 17 geographies and 18 industries, in both the primary and secondary markets.
Bertrand Billon, CEO and founder of iLex, commented:
“Today’s announcement marks several significant milestones accomplished in the short 10 months since our platform went live. In addition to delivering our platform for our clients, we have also been focused on achieving a critical mass of both assets listed and market participants. We hope to continue with this strong momentum and look ahead to fantastic growth prospects. We are also pleased that several global syndicated loan bookrunners have joined iLex‘s Partner Bank group to help drive innovation in loan capital markets and support the transformation of this asset class. In the near future, we hope to share some of the new initiatives we are currently working on with our partners in this journey to digitise the corporate loan market.”
iLex states that in the last quarter it launched its proprietary AI-powered matching algorithm that predicts, ranks and connects loan sales and distribution teams. In the coming quarter, iLex says it will be releasing a new version of its platform with the launch of iLex 3.0, which will include several new features such as advanced market visualisation, improved enquiry trade flows, visibility rules, integration with ClearPar for settlement, and S&P Global’s Risk Gauge Scores for private companies.
iLex states that it currently has on-the-ground presence in 5 countries across APAC and Europe and will be extending its global footprint in the coming months.
iLex was created in 2019 and is based in Singapore.
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