Fundz

Lxa Raises Us$10M In Seed Funding Round Led By Nea

PRIVATENov 09, 2023

Amount Raised

$10 Million

Round Type

Seed

SingaporeFinancial ServicesFinanceFintechLending

Investors

New Enterprise AssociatesEdbiOpenspace Ventures

Description

LXA, a technology startup focused on reimagining Asia's mortgage ecosystem, today announced the completion of its US$10 million seed funding round led by New Enterprise Associates, Inc. (NEA), with participation from Openspace Ventures and EDBI. Geared towards matching institutional capital pools and residential mortgage borrowers, this platform aims to utilize end-to-end technology to streamline the entire mortgage lifecycle, from loan origination and borrower processing to loan servicing.

Quick answer

LXA raised $10 Million in a Seed round, dated November 9, 2023. Investors: New Enterprise Associates, Edbi and Openspace Ventures. LXA is based in Singapore.

How much did LXA raise?
LXA raised $10 Million in a Seed round on November 9, 2023.
Who invested in LXA?
New Enterprise Associates, Edbi and Openspace Ventures are named as investors in this round.
What does LXA do?
LXA is a Singapore-based fintech company that is unlocking non-depository capital for the Asian mortgage market.
Where is LXA based and how big is it?
LXA is based in Singapore.
Who are the decision-makers at LXA?
Fundz holds 1 contact at LXA. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Finance around the same time

Companies in the same sectors as LXA that raised within 45 days of this round, from Fundz verified event records.

  • Kapital raised $125M (Debt Financing) on December 14, 2023.
  • Aye Finance raised $37M on December 13, 2023.
  • Lendo raised $28M (Series B) on December 10, 2023.
  • Ellipsis Labs raised $23M on December 6, 2023.
  • FrontEdge raised $10M on November 22, 2023.
  • Defacto raised an undisclosed amount (Series A) on November 14, 2023.

Who to call at LXA, and when

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Company Information

Company

LXA

Location

Singapore

About

LXA is a Singapore-based fintech company that is unlocking non-depository capital for the Asian mortgage market. The company's technology platform revolutionizes the mortgage industry by streamlining loan origination, processing, underwriting, and servicing. Founded by Kishore Moorjani and Shawn Low, LXA is poised to reshape the mortgage landscape throughout the Asian market.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.