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HPD LendScape Acquires Software Consultancy, Finaptix, to Accelerate Global Growth
December 11, 2019
Source: HPD LendScape
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.”
About HPD LendScape
HPD LendScape is the world’s leading software vendor for Asset Based Finance (ABF), currently deployed by some 130 lenders across the UK, EMEA, North America, APAC, and Sub-Saharan Africa. The LendScape platform offers cloud based working capital financial solutions including factoring, discounting, supply chain finance and asset-based lending.
About Finaptix
Finaptix advise our clients on all aspects of implementing and operating software systems for their businesses, from digital strategy, system selection and technical delivery to change management and ongoing support. Our background is in equipment and auto finance with our experience relevant to other financial services sectors, such as loans & mortgages, credit cards, invoice factoring and banking.
For further information please contact:
Sapience Communications
Jessica Tabaqchali
hpd@sapiencecomms.co.uk
0203 195 3240
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