Singapore’s iLex, a platform-as-a-service (PaaS) fintech, is rolling out its distribution and trading platform to the EMEA region.
Since its official launch in January 2021, iLex has signed up more than 160 banks and institutional investors as clients on its platform, with 230-plus assets totalling $8.6billion listed on its marketplace.
The fintech aims to increase the liquidity, efficiency, and transparency of both primary and secondary loan markets through its PaaS solutions, which combine public and private marketplaces for the distribution and sourcing of loans, multi-channel investor engagement services and a range of loan market analytics.
iLex’s EMEA business is led by co-founder and head of business development Arnaud Teissier and
has a dedicated European client team comprising loan market specialists Daniele Iacovone, Dipak
Karki and Kieran O’Hora. Its regional office is in London.
Bertrand Billon, CEO and founder of iLex, says: “iLex has had a fruitful year refining and upscaling our value proposition and PaaS solutions in our home region in Asia Pacific. The implementation of our platform with leading APAC clients has validated the relevance of our solutions to transform their loan businesses. We are excited to bring our next-gen distribution and trading platform to EMEA market participants, as well as support cross-regional deal flows.”
The EMEA loan market
According to iLex, the primary syndicated loans market in EMEA stood at $1.1trillion in 2021. There are an estimated 1,300 active lenders with regular new market entrants and 10,000 borrowers in the region.
EMEA also has a deep and mature private debt market, estimated to be around $200billion last year. It is expected to continue growing, as institutional investors and direct lenders step in to fill the funding gap left by banks facing increasing regulatory capital constraints.
Teissier says: “To date, iLex has actively engaged with over 100 loan market participants in EMEA, ranging from banks, institutional investors, and debt advisory boutiques. We are pleased to have received overwhelmingly positive feedback underpinned by the growing demand for digital loan market solutions, and have commenced the onboarding of several market participants onto our platform.”
Since 2020, iLex has a data partnership with Refinitiv through its LPC brand to redistribute data on
primary and secondary loan deals across APAC markets. This dataset has now been expanded to
include EMEA loan data and integrated with iLex Market.
Existing users can now access an additional 20,000 publicly reported deals from EMEA and conversely, provide EMEA users with access to APAC deal opportunities.