Lendscape’s software and technology underpin the secured lending offerings of more than 120 banks and financial institutions worldwide. Its platform supports the management of more than $200 billion of lending annually, ensuring the fulfilment of the complex operational, reporting, data and security requirements of commercial lenders, spanning invoice, supply chain and asset finance.
“Having built Lendscape into a leading global software provider over the last five decades, we are uniquely positioned to continue our strong track record of growth,” Tony Davison, founder and chairman of Lendscape, said. “Bowmark shares our vision for the business and, with their help and support, we will accelerate our plans for innovation and increase our global reach, bringing advanced technology solutions to more secured finance providers worldwide.”
“Lendscape is a technology leader with an outstanding reputation for service excellence and technical expertise, and a track record of double-digit revenue growth,” Tom Shelford, partner at Bowmark, said. “We look forward to working with the team to support the company’s next stage of growth through investment in product development, international expansion and strategic acquisitions.”
“Bowmark’s investment will help us to shape the future of commercial lending and enable providers to keep pace with customers’ evolving needs,” Kevin Day, Lendscape chief executive, said. “As demonstrated by our new, cloud-native asset finance solution, technology can lift the administrative burden and improve efficiency, as well as giving finance providers the flexibility to scale their operations and tailor products for their customers.”
Global deals advisory firm Alantra acted as lead adviser to management during the transaction.