LendingMetrics Secures PE Investment from LDC to Drive Expansion
Deal News | Nov 07, 2024 | Business Cloud
LendingMetrics, a prominent credit risk technology group founded in 2010, has secured a significant investment from LDC, a private equity firm that is part of the Lloyds Banking Group. LendingMetrics is known for its advanced software and data solutions which support businesses in making automated and risk-based lending decisions. Their client base includes building societies, online lenders, and mortgage companies among others. The company's key solutions include the Auto Decision Platform (ADP), LendingMetrics Exchange (LMX), OpenBankVision (OBV), and DeeJoop. LDC’s investment is designed to bolster LendingMetrics’ product development, expand its network within the financial services sector, and explore possible acquisitions to diversify its clientele to industries such as telecoms, utilities, and insurance. The management team of LendingMetrics, led by CEO Neil Williams and commercial director David Wylie, will continue to steer the company. LDC's backing symbolizes a partnership not only in financial support but also strategic guidance as LendingMetrics aims to scale up and expand its market reach.
Sectors
- Financial Technology (FinTech)
- Private Equity
Geography
- United Kingdom – LendingMetrics is based in the UK, and LDC, the private equity investor, is also part of Lloyds Banking Group, a major UK financial institution.
Industry
- Financial Technology (FinTech) – LendingMetrics operates in the FinTech sector, providing credit risk technology and data solutions for automated lending decisions.
- Private Equity – The investment by LDC, a private equity firm part of Lloyds Banking Group, indicates the involvement of the private equity sector.
Financials
- – The article does not specify the exact amount of the investment from LDC into LendingMetrics.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| LendingMetrics | Target Company | Company | A credit risk technology group specializing in automated and risk-based lending decisions. |
| LDC | Investor | Company | A private equity firm part of Lloyds Banking Group, investing in LendingMetrics. |
| Neil Williams | CEO | Person | Co-founder and CEO of LendingMetrics. |
| David Wylie | Commercial Director | Person | Co-founder and Commercial Director of LendingMetrics. |
| Oliver Schofield | Investment Director | Person | Investment director at LDC, involved in the LendingMetrics investment. |