The partnership will consolidate BNP Paribas's factoring activities across Europe and North Africa onto Lendscape's advanced Receivables Finance platform. The move will support BNP Paribas's growth strategy, facilitating the provision of over €25 billion in funding to 12,000 clients, while delivering best-in-class service and an improved customer experience.
Lionel Joubaud, Global Head of the Factoring Filière at BNP Paribas, said: "With Lendscape at the core of our lending operations, our clients across markets can be assured of receiving the best possible customer experience and innovative, flexible funding solutions that will meet their needs. We've built a strong relationship with the Lendscape team; they have a successful track record and we can trust their technology to offer the high level of reliability and flexibility we require."
Kevin Day, CEO at Lendscape, commented: "BNP Paribas are focused on delivering industry-leading funding experiences that support their clients' growth. The Lendscape platform will give them the agility to offer tailored financing solutions and a consistent experience across markets, while reducing the complexity involved in managing multiple systems. We're delighted to expand our relationship with BNP Paribas and look forward to continuing to help them deliver truly customer-first financing."
