LendingMetrics Receives Major Investment From LDC For Expansion

According to a recent report, LendingMetrics, a credit risk technology group, received a big investment from LDC, a private equity investor linked to Lloyds Banking Group. The funding will help LendingMetrics grow its reach in the UK’s expanding software and data market.

LendingMetrics was launched in 2010. It provides software to help many businesses decide on credit risks using automated tools.

The Company Aims To Expand Partnerships With LDC’s Support

LendingMetrics’ popular tools include its Auto Decision Platform (ADP), a cloud-based system. It also has other tools like LendingMetrics Exchange (LMX), which gathers credit information, OpenBankVision (OBV), a platform for bank data, and DeeJoop, which helps organize credit files.

The team at LendingMetrics, led by co-founders Neil Williams as Chief Executive Officer and David Wylie as Commercial Director, aims to use LDC’s support to create new products and form new partnerships.

This support from LDC will also allow LendingMetrics to expand into new areas like telecoms, utilities, and insurance, where businesses face similar credit risk issues.

LDC Investment Director Oliver Schofield, along with Investment Manager Vera Kuehne and Partner Dewi Hughes, led the transaction. Neil Williams stated that he was proud of LendingMetrics’ journey over the last 14 years, including the team it built and the strong partnerships it developed.

Williams said that with LDC’s help, the company will continue to invest in growth, especially in research and development, to provide more services to businesses and industries. He added that LDC’s experience with technology companies and its support for LendingMetrics’ vision made a big difference.

LendingMetrics Seeks Market Expansion And New Opportunities With LDC’s Support

Wylie noted that the team is excited to work with LDC, a respected investor focused on growing UK-based businesses.

He shared that the firm is eager to use its strong position in the market to find new opportunities and expand further with LDC’s backing.

LDC’s Oliver Schofield noted that the LendingMetrics team has built a cutting-edge technology system that provides valuable services to its clients. He said LDC is pleased to support the team in this fast-growing market.

Over the past decade, LDC invested about £715 million in technology businesses, and its portfolio includes companies like Uinsure, DSP, and Horsefly.

LendingMetrics and LDC both had advisors to guide them through the deal process. The advisors included Sequence Advisers and RWK Goodman on LendingMetrics’ side.

For LDC, the advisors were FRP Corporate Finance, Womble Bond Dickinson, BDO, Armstrong, Coppett Hill, Alvarez & Marsal, and Aon, covering various areas of due diligence and support.