# HQLAx SARL

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hqlax

- Industry: Financial Services
- Headquarters: Luxembourg, Luxembourg
- Website: www.hqla-x.com
- Total disclosed funding: $46M
- Latest round: Series C (Apr 30, 2024)
- Investors on record: 5

## About

Based in Luxembourg, HQLAx SARL operates a blockchain-based financial technology platform, specializing in enhancing efficiency in the securities finance and repo markets for banks and asset managers.HQLAx SARL, founded in 2017, focuses on revolutionizing securities finance through its innovative platform. The company has achieved a total of 3 deals, with its most recent funding round being a Series B amounting to EUR 14.4 mn, raised on January 11, 2021, co-led by The Bank of New York Mellon, BNP Paribas Securities Services, and others. The firm is led by CEO Guido Stroemer, with Olly Benkert listed as the founder.HQLA? provides a financial technology platform utilizing Distributed Ledger Technology (DLT) to optimize the securities finance and repo markets. Its offerings facilitate the precise and real-time transfer of securities ownership, addressing collateral mobility and liquidity management challenges, primarily for banks and asset managers across Europe, North America, and Asia.In the most recent financial year of 2023, HQLAx SARL reported revenue of EUR 614,286.40, with an EBITDA of EUR -10,313,398. The company generates revenue through a B2B model, charging subscription fees for platform access, along with transaction fees for services, thus providing operational efficiencies over traditional management practices.Following its Series B funding of EUR 14.4 mn in January 2021, HQLAx SARL plans to accelerate the core capabilities of its platform to improve securities finance processes. The company is expected to explore new market regions to further expand its client base and enhance its offerings, leveraging the recent investment to support these strategic initiatives.

## Funding rounds

- Series C, Apr 30, 2024, $19M — HSBC Group, Citi Ventures, DB1 Ventures, BNP Paribas Securities Services, The Bank of New York Mellon
- Series B, Mar 4, 2021, $17M — Citi Ventures, DB1 Ventures, BNP Paribas Securities Services, The Bank of New York Mellon
- Series A, Aug 5, 2019, $5M — DB1 Ventures
- Series A, Feb 6, 2019, $2.5M — DB1 Ventures
- Series A, Sep 19, 2018, $2.5M — DB1 Ventures

## Investors

- DB1 Ventures (https://capitalatlas.ai/funds/db1-ventures) — Series A, Series B, Series C
- Citi Ventures (https://capitalatlas.ai/funds/citi-ventures) — Series B, Series C
- BNP Paribas Securities Services — Series B, Series C
- The Bank of New York Mellon — Series B, Series C
- HSBC Group — Series C