Luxembourg Stock Exchange (LuxSE) has reportedly acquired a 10% stake in Origin, a UK-based Fintech firm, in order to further its digital strategy and initiatives. The deal will allow LuxSE to have governance representation in Origin and also make it the exclusive digital listing partner on the company’s online platform.
The 10% stake will also allow Origin to take advantage of LuxSE’s market position to further expand its existing user base and market share. The latest investment from the leading stock exchange is aimed at helping the Fintech with expanding its operations.
Robert Scharfe, CEO at the Luxembourg Stock Exchange, stated:
“Digital workflows will simplify and drastically improve the bond issuance process, and we are convinced that a fully digital debt origination process will bring multiple benefits to issuers and banks. Origin offers an excellent alternative to some of the inefficient and manual processes that still exist in capital markets.”
Established in London in 2015, Origin offers automated documentation flows and digital deal-making services, which serve as an alternative to the traditional, time-consuming bond issuance process. The company’s platform, Origin Marketplace, helps the Fintech firm connect borrowers with investment bankers in the global debt capital markets in a marketplace designed for private placements.
Raja Palaniappan, CEO and co-founder at Origin, noted that his firm spent more than 12 months designing, developing, and testing its documentation tools with its growing and dedicated team of dealers and issuers.
Palaniappan added:
“By putting the tools in the hands of our users, both in the front office as well as legal and operations, and rapidly iterating on their feedback, we were able to develop a platform that is perfectly suited to what the market is looking for. We are very grateful to our customers for their continued support.”