Investment July 2023
Business ModelSoftware
Business Secured finance software
Growth StrategyOrganic AcceleratorsInternational Expansion
Why we invested
The global market for invoice and asset finance software is estimated to be worth over £1.1 billion and is growing at approximately 10% per annum, driven by increasing demand for secured lending and the substitution of legacy in-house systems with more advanced technology solutions. Founded in 1972, Lendscape has attained a leading position in the market through its proprietary technology, high quality service offering and deep market knowledge. The company has a significant opportunity for further growth, through continued technological innovation, product development and international expansion.
Lending processed annually
$200 billion
The story so far
Bowmark is supporting Lendscape as it accelerates product innovation, strengthens its leadership team and expands internationally.
Since our investment, Lendscape has expanded its senior management team, including appointing a Chief Technology Officer and Chief Revenue Officer. It has also commenced the roll-out of its new asset finance offering, as well as strengthening its position in the US secured finance market through the acquisition of WinFactor, a leading factoring software provider.
Tony Davison,Founder and Chairman
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