Fintech company Xen Capital revealed today that it has raised $7.5 million in the latest Series A round.
The funding series was led by Headline Asia, formerly Infinity Ventures.
This recent capital injection is set to scale the company’s B2B2C alternative investment platform. The new round will also enable the company to make its white-label portal freely available to wealth advisors and asset managers in Asia.
Akio Tanaka, the managing partner at Headline Asia, said they find value in building an ecosystem where all private market participants are able to transact with one another in a secure, seamless, and transparent manner.
She added that Xen has this platform to service this need.
Katrina Cokeng, Xen Capital’s CEO and Co-Founder, said they are excited to be partnering with Headline to usher in the future of alternative investments.
Headline is a global venture capital firm with offices in Beijing, Berlin, Paris, São Paulo, San Francisco, Taipei, and Tokyo, with an AUM of over USD $2 billion. Headline Asia focuses on early-stage digital companies, having invested in over 100 startups and nine initial public offerings. Groupon, Farfetch, WealthNavi, and 17LIVE are just a few of the category-leading innovators and unicorns that Headline Asia has helped to establish since its inception.
Xen Capital is the first fintech firm to provide a permission-based alternative investment marketplace. Wealth advisers have their own branded client site with virtual data rooms, electronic product subscriptions, digital KYC/AML onboarding methods, and reporting modules. Wealth advisors have access to a larger marketplace of private market agreements and can distribute items to their clients.
Recently, they’ve created an open architecture client management platform for wealth advisors and asset managers, to solve the problem of distribution at scale.
In the last 12 months, Xen Capital has processed more than $200 million of transaction volume in private market deals through its platform.
Xen Capital has 37 employees across its 7 offices which include Singapore, Hong Kong, Shenzhen, and Dubai. Its wholly-owned subsidiaries are regulated by the Monetary Authority of Singapore and the Securities & Future Commission of Hong Kong.