Myanmar’s BOD Tech Ventures has invested in fintech company ThitsaWorks, while Singapore-based financial technology startup iLex has signed a partnership agreement with Refinitiv.
BOD Tech Ventures invests in ThitsaWorks
Myanmar-based venture capital firm BOD Tech Ventures has invested an undisclosed sum in fintech company ThitsaWorks, according to an announcement.
ThitsaWorks said that the minority investment by BOD Tech will help expand its operations and support its larger goal of furthering financial inclusion in Myanmar.
“We believe that ThitsaWorks will accelerate the digital transformation of Myanmar’s financial sector, and are convinced that our investment will further financial inclusion in Myanmar’s local communities,” said John Kaaiohelo, CEO and Chief Investment Officer of BOD Tech Ventures.
BOD Tech Ventures is an active investor and operator of early-stage tech-enabled companies in Myanmar, Bangladesh, Vietnam, and Cambodia.
BOD Tech’s portfolio companies in Myanmar include logistics firm Hercules, online travel agency Flymya, food delivery firm YangonD2D, among others.
iLex forges partnership with Refinitiv
Singapore-based financial technology startup iLex has forged a partnership with Refinitiv through its LPC brand, to integrate its loan solutions and redistribute LPC loan market data on the iLex platform, according to an announcement.
Launched in 2019, iLex operates an electronic market and trading platform for corporate loans and deal opportunities for participants using its matching engine.
The startup plans to introduce its smart analytics feature ‘LPC by iLex’ to provide users market analyses and full details of loan transactions.
iLex Analytics, the startup’s data and analytics offering, aggregates data collectively from loan activities on its proprietary platform and from its data partners such as Refinitiv.
“Bringing Refinitiv LPC data into the iLex platform will provide LPC and iLex users with new ways to access and benefit from our unique global real time news and data,” said Mike Lavin, global head of capital markets insight at Refinitiv.
In June, iLex raised an undisclosed sum in a seed funding round from strategic and fintech investors located in France, Hong Kong, Singapore and the United States.