Global technology solutions and services company Linedata has acquired French digital lending platform Loansquare.
Loansquare is a start-up that provides a solution for setting up and managing commercial loans and streamlining exchanges between borrowers and financial institutions.
A borrower portal lets institutions show their financing needs to lenders and manage their loan portfolio while a servicing portal lets lenders automate finance provision and agreements.
Anvaraly Jiva, founder and CEO of Linedata (pictured), said: “I am delighted to start 2019 with the acquisition of Loansquare. We are engaged in an ambitious process of enabling digital transformation and are thrilled to be able to integrate innovators from the start-up community."
Loansquare now integrates with Linedata Uniloan360, a servicing platform for commercial and syndicated loans, Linedata Capitalstream, a global commercial loans origination and risk management platform, and Linedata Ekip360, a global leasing, car finance and consumer loans solution.
François Lévy, Loansquare CEO, said: “Companies are constantly searching for digital solutions to manage their operations simply and efficiently. The Linedata and Loansquare platforms enable us to satisfy this need in a truly innovative way, connecting banks and borrowers with the same user experience and standards demanded by consumers in their dealings with institutions.”
Linedata currently has more than 700 clients in 50 countries, supported by 20 global offices. It had revenues of €179 million in 2017.
Alain Mattei, Linedata head of lending and leasing Europe, said: “The Loansquare platform enables us to deliver innovative solutions in all our markets, in North America, Europe, Latin America and Africa, that support our clients in the transformation of their business models.”