FINANCIAL SERVICES: LDC’s investment in LendingMetrics
We provided commercial due diligence to LDC on its significant investment in credit risk technology group LendingMetrics.
Founded in 2010, LendingMetrics provides software and data solutions to hundreds of companies to make highly sophisticated automated and risk-based lending decisions.
The investment and strategic guidance from LDC will help accelerate the development of new products within its core financial services sector and expand its network of partners in the consultancy and data services division. The deal will also allow LendingMetrics to explore complementary acquisitions and diversify its presence in new industries with similar credit risk challenges, such as telecoms, utilities, and insurance.
Armstrong’s full scope due diligence work included market referencing, detailed analysis of its addressable market, competitive environment, and a commercial review of its business plan.
Solomon Ishack, Engagement Manager at Armstrong, said: “We really enjoyed working with LDC and LendingMetrics, and are delighted to have supported with the transaction. LendingMetrics is an excellent business, and well positioned for future growth with LDC’s backing. We look forward to seeing the business continue to succeed in the next stage of its journey.”
Oliver Schofield, Investment Director at LDC, added: “Neil, David and the wider LendingMetrics team have built a highly sophisticated and disruptive technology stack that is at the cutting edge of credit risk technology and has made the business a critical, trusted partner to their clients. We’re excited to be backing the team and helping them to scale in what is a fast-growing and rapidly evolving market.”
If you are interested in talking to Armstrong about opportunities in the financial services sector, please contact:
Solomon Ishack
[email protected]
+44 7943 033 663
Simon Hemsley
[email protected]
+44 7957 340 534