Bowmark Capital Makes “Significant Investment” in Lending Powerhouse Lendscape With Over $200BN Lending Anually

Lending software provider Lendscape has received a “significant investment” from private equity firm Bowmark Capital, which will support the company’s expansion plans.

Lendscape provides technology to more than 120 banks and financial institutions worldwide, to support their secured commercial finance offerings.

It said that Bowmark’s investment – the size of which was not disclosed – will help the company grow organically and by acquisition.

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Founded in 1972, Lendscape’s platform supports the management of over $200bn (£153bn) of lending annually.

“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,” said Tony Davison, founder and chairman of Lendscape. “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.”

“Bowmark’s investment will help us to shape the future of commercial lending and enable providers to keep pace with customers’ evolving needs,” said Kevin Day, chief executive at Lendscape. “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.”

Source: Peer2Peer Finance

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