Xen Capital, a Singapore-based B2B2C alternative investment platform, raised US$7.5m in Series A funding.
The round was led by Headline Asia (formerly known as Infinity Ventures).
The company intends to use the funds to scale its platform.
Led by Katrina Cokeng, CEO and Co-Founder, Xen Capital provides a permission-based marketplace for alternative investments, which leverages an open architecture client management system to enable wealth advisors and asset managers to get access to a digital interface to KYC/onboard investors, automate the manual process related to closing subscriptions, and manage fund subscription and reporting.
The platform has processed more than US$200m of transaction volume in private market deals through its platform in the last 12 months.
The company has 37 employees across 7 offices including Singapore, Hong Kong, Shenzhen, and Dubai. It has wholly owned subsidiaries regulated by the Monetary Authority of Singapore and the Securities & Future Commission of Hong Kong.
FinSMEs
06/12/2021