LINEDATA SERVICES :Linedata promises to transform the lending experience with Loansquare's digital platform
Source: Nasdaq GlobeNewswire / 07 Jan 2019 12:13:45 America/New_York
· Significant enhancement of Linedata's software offering
· Digitalization of relationships between borrowers and lenders
Neuilly-sur-Seine, January 7, 2019 - Linedata (Euronext Paris: LIN) announces the acquisition of French start-up Loansquare, whose portal digitalizes relationships between borrowers and lenders. By acquiring Loansquare, Linedata enhances the end-to-end capabilities of its platforms and services for lenders.
"I am delighted to start 2019 with the acquisition of Loansquare, says Anvaraly Jiva, Founder and CEO of Linedata. 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."
The Loansquare platform is a comprehensive solution for setting up and managing commercial loans and streamlining exchanges between borrowers and financial institutions:
- A Borrower Portal lets institutions expose their financing needs to lenders and manage their loan portfolio.
- A Servicing Portal lets lenders manage financial flows and commitments in a fully automated and secure manner.
The platform also offers innovative diary, messaging and document management features.
"Companies are constantly searching for digital solutions to manage their operations simply and efficiently. The complementarities between the Linedata and Loansquare platforms enables 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", adds François Lévy, Loansquare CEO.
Loansquare now interoperates 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.
"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", states Alain Mattei, Head of Lending and Leasing Europe at Linedata.
With 20 years' experience and 700+ clients in 50 countries, Linedata's 1300 employees in 20 offices provide global humanized technology solutions and services for the asset management and credit industries that help its clients to evolve and to operate at the highest levels.
Headquartered in France, Linedata achieved revenues of EUR 179.0 million in 2017 and is listed on Euronext Paris compartment B FR0004156297-LIN - Reuters LDSV.PA - Bloomberg LIN:FP.
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Source: LINEDATA SERVICES via Globenewswire