LONDON, Dec. 11, 2019 /PRNewswire/ --†Working capital finance software provider, HPD†LendScape,†has acquired leading software implementation consultancy, Finaptix,†in a move to address the†asset finance sector, extending its LendScape“†platform to all forms of secured lending.
The deal adds industry experts Steve Taplin and Michael Mayes to†the executive team that includes Kevin Day, CEO, along with Andrea Cole, previously Product Director of LendScape“. Together they will support the company's further expansion†and rounds off a year which saw†personnel†increase by 19%.
HPD†LendScape†is set to be the first technology vendor to†deliver†a†combined†solution†for†asset based lending, working capital finance and now†also†commercial†and consumer lending,†including equipment and auto finance.†The LendScape“†SaaS proposition†is†easy to deploy and clients can access†new†expert consulting to make implementations fast, efficient and cost effective.
The new team brings the sales, operational and technology experience needed to meet†increasing†demand†from banks, which†favour†enabling software platform providers†over†off-the-shelf products†to meet their wider finance market needs.†
Tony Davison, Chairman of HPD LendScape commented: "We have the right team to accelerate international expansion and are well positioned to enter and service two of the most profitable markets in the secured lending space."
Kevin Day, CEO of†HPD LendScape said:† "This equips HPD LendScape with the technological†advantage†to deliver a broader platform offering to†that of†our†competitors in both existing and new markets. I look forward to working with Steve and Mike and leverage their significant experience to help scale the company."
Steve Taplin added:†"We recognised that the company had ambitions in a number of business lines and with our specific expertise, we could help build a compelling proposition to financial institutions tapping into a broader market."
HPD†LendScape†is the global†software vendor for Asset Based Finance used†by 130 lenders across the UK, EMEA, North America, APAC, and Sub-Saharan Africa. LendScape offers cloud-based working capital solutions including factoring, discounting, supply chain finance and†asset based†lending.
Finaptix†advises†on implementing and operating software systems†including†digital strategy, system selection,†technical delivery, change management and ongoing support. The team are experts in†equipment and auto finance, and have significant experience in†loans & mortgages, credit cards, invoice factoring and banking.
SOURCE HPD LendScape
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