Deal Syndication Platform HUBX Raises Additional Funds

HUBX, the deal syndication platform for banks and brokerage firms, now has new backing from ACF Investors’ Delta Fund and Mandalore Partners, in addition to existing investors Barclays and Basinghall Partners, according to a press release on Wednesday (Oct. 27).

“Banks are embracing end-to-end execution and better customer experience across the value chain. The front-end deal syndication process is the logical next step in terms of digitization in capital markets,” said Axel Coustere, co-founder of HUBX.

Headquartered in London, HUBX — also known as Hub Exchange Limited — offers deal syndication platforms to assist financial institutions (FIs), brokers, exchanges and asset management firms with implementing private transactions. The company works to help those firms meet deadlines and lower overhead when it comes to executing and syndicating private transactions.

HUBX Co-founder Stephen Ong said the company is digitally linking more companies that are involved in the private deal syndications space. “By providing a single infrastructure to large and small banks alike, we can deliver significant efficiency gains for large institutions, cost-effective [and] cutting-edge technology to the smaller ones and digital transformation of front-office operations, out of the box,” he said.

The HUBX platform enables banks and other FIs to digitize and collaborate without sharing private information. Every HUBX client can privately tap other client networks for deal syndication and joint bookrunning.

“Mandalore Partners invests in InsurTech and focuses on decentralized finance (DeFi) with possible acceleration in adopting blockchain technology. Hence, we want to onboard more institutional investors on marketplaces or blockchain platforms to assess new alternative assets in private equity,” said Minh Q. Tran, managing partner at Mandalore.

“Each platform leverages actionable insights and structured data that connects with back-office systems, such as Fusion Loan IQ, to deliver a single source of truth and straight-through processing,” according to the release.