LXA
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
LXA is a Singapore fintech company founded in early 2023 by Kishore Moorjani, formerly Blackstone's head of Tactical Opportunities in Asia, and Shawn Low, formerly COO of Better. Its technology platform unlocks non-depository institutional capital for the Asian mortgage market, streamlining loan origination, underwriting and servicing and matching insurers, pension funds, sovereign funds and endowments with residential mortgage borrowers. It raised a $10 million seed round led by New Enterprise Associates before being acquired by CapitaLand Investment.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded and seed funding
LXA was founded in Singapore in early 2023 and completed a $10 million seed round led by New Enterprise Associates, with participation from Openspace Ventures and EDBI, to build its mortgage technology platform.
- Acquisition
CapitaLand Investment acquired LXA Capital, a residential mortgage investment company, for undisclosed terms as part of its push to institutionalize residential mortgages as an asset class across Asia.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.