Investment July 2023
Why we invested
The global market for invoice and asset finance software is estimated to be worth over £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
The story so far
Bowmark’s financial backing is helping the company to accelerate its product development and expand its international reach, as well as to identify and evaluate selective accretive acquisitions. The company is also benefiting from Bowmark’s experience of supporting businesses that provide specialist technology solutions to the financial services industry, including WSD, a provider of workflow automation software solutions to the structured products industry, and Pirum, a provider of post-trade automation technology.
Tony Davison,Founder and Chairman