London - 15 April 2020
Levantor Capital strengthens its business development team with the recruitment of Damien de Baenst and the appointment of David Hicks
Levantor Capital Limited, a successful London based FinTech providing short term working capital solutions, has appointed Damien de Baenst to the business development team. Contemporaneously, David Hicks has been “brought in house” as a full-time employee. These moves are the culmination of an excellent Q1 2020 for the business which financed 4 times more volume than during the same quarter in 2019.
“Damien has over 23 years of experience in Technology sector. He brings to the team expertise in Sales, Distribution and Purchasing” said Mike Humphreys, Chairman and Founder of Levantor Capital. “Damien joins from Lexmark, the Printing Products & Solutions company, where he held the position of Head of Distribution EMEA last 8 years. Damien is located in our office in Geneva.”
Damien said “I am extremely excited to be joining a strong, agile and dynamic team having on hand such unique short-term working capital solutions. Most of the time, Sellers and Buyers have opposite targets on cash cycle which are often source of tension along their relationship. Levantor’s solutions perfectly fills the gap with minimal documentation and no change to the commercial agreement. This allows the parties to remain focused on developing their joint business with peace of mind.”
“David has more than 20 years’ experience supporting worldwide manufacturers and their regional distribution partners with payables and receivables-based trade finance programs to facilitate sales growth, credit risk and working capital requirements”, added Mike. “He brings broad funder experience to the team, having held senior global client and origination roles with Deutsche Bank, IBM Global Financing, Macquarie Bank and smaller platform-based fintechs including start-ups.”
“Having been working very closely with the Levantor team since mid-2019, I am delighted to be joining them on a permanent basis”, said David. “Levantor’s simple process and multi-funder approach in particular are being extremely well received by global sellers and buyers looking for scalable solutions to support their sales growth and cash flow objectives.”
“We are extremely pleased that both Damien and David have joined the business development team at Levantor Capital,” said Nigel Bottrill, Head of Business Development at Levantor Capital. “Damien and David bring significant business experience to support our clients and strengthen Levantor’s offering within the Order to Cash ecosystem.”
London - 20 January 2020
Levantor Capital passes US$2bn of working capital financing on the way to US$4bn by the end of 2020
Levantor Capital Limited (“Levantor”), a fintech that provides short term working capital solutions announced today that it had arranged in excess of US$2bn in short term financing for its customers since launch in mid-2017 with over US$800m financed in Q4 2019 alone. Levantor is focused on helping companies to enable sales by offering their customers extension of payment terms. Their world class technology platform provides a simple, secure and scalable solution to companies in growing sales by injecting working capital into their sales channels. Levantor has offices in London and Geneva and is run by an extremely experienced management team of bankers and technology experts. They are actively expanding their sales and operations teams and are seeking suitably qualified candidates.
David Frye – Chief Executive Officer of Levantor commented, “2019 was a year of rapid growth for Levantor, our customers and our funding partners. Levantor’s simple solutions are gaining traction quickly in the market, making it easy to transact ever greater volumes via our platform. In 2020, corporates and financial institutions are tasked with no less ambitious growth and we look forward to helping our existing and new customers and partners to meet these challenging targets.”
Mike Humphreys – Chairman and Founder of Levantor, further elaborated, “2019 was an excellent year for our business and we feel well set up for the future, confident that this exponential growth will continue in the coming years. As ever we are grateful for the support of our existing panel of speciality funders and banks and look forward to welcoming new participants.”
Edward Till – Chief Operating Officer for Levantor, commented, “The volume that we have funded represents over 35,000 individual invoices and credit notes which has required us to develop and utilise a robust operating platform and system. This platform will allow us to scale our business exponentially from here.”
London - 23 September 2019
Levantor Capital passes US$1bn of working capital financing on the way to US$4bn by the end of 2020
Levantor Capital Limited (“Levantor”), a fintech that provides short term working capital solutions announced today that it had arranged in excess of US$1bn in short term financing for its customers since launch in mid-2017. Levantor is focused on meeting the needs of companies that seek to enable sales by offering customers extension of payment terms and has a suite of attractive solutions that can be offered to help them. Their world class technology platform provides a simple, secure and scalable solution to companies in growing sales by injecting working capital into their sales channels. Levantor is run by an extremely experienced management team of bankers and technology experts from its offices in London and Geneva.
David Frye – Chief Executive Officer of Levantor remarked, “We are on track to have financed in excess of US$1.5bn in invoices by the end of 2019 and US$4bn by the end of 2020. Our strong growth is in part attributable to our proprietary technology platform which simplifies the financing for both sides of the transaction. This platform, combined with the broad experience of our management team will allow us to continue to grow our business and meet the needs of our expanding customer base.”
Mike Humphreys – Chairman and Founder of Levantor, further elaborated, “We are extremely pleased to have reached this important milestone so quickly after our soft launch in mid-2017. We are grateful for the support we have received from Investec Bank PLC as our Mandated Lead Arranger and from our panel of 14 funding banks and speciality funders. We look forward to continuing to grow our business globally with existing and new customers along with new partner banks and speciality funders.”
Daniel O’Hanlon – Chief Information and Technology Officer for Levantor, commented, “With our proprietary technology platform, we are able to efficiently and securely manage the transaction data flow required to make financing a seamless process for all parties involved. We look forward to the upcoming enhancements to our platform and to bringing logical innovation to businesses around the globe.”
London - 17 September 2019
Tom Cowling joins Levantor Capital as Non-Executive Director/General Counsel
Levantor Capital Limited, a successful London based FinTech providing short term working capital solutions, has appointed Tom Cowling as Non -Executive Director/General Counsel to its Board.
Tom is an SRA registered solicitor and a Group Board Director and General Counsel with Ecotricity Group Limited (a leading UK based energy group). He is a Trustee to a number of charities.
Tom has extensive commercial and corporate experience, especially in highly regulated, fast-growth sectors, combining in-depth inhouse knowledge with private practice partner experience.
“We are extremely pleased that Tom has decided to join the team at Levantor Capital as a non-executive director.” Said Mike Humphreys, Chairman and Founder of Levantor Capital. “He is a very experienced lawyer and General Counsel, having served many years in this role including at one of the fastest growing UK energy groups. We look forward to working with him as we continue our rapid growth trajectory at Levantor.”
Tom said: “I am delighted to be joining such a dynamic, experienced and client-focussed team as Levantor Capital’s board and I very much look forward to contributing to its growth and governance as we develop into an international tech-based trade funder.
London - January 2019
Levantor Capital provides more than $500m of short term customer financing with the support of Investec Bank
Levantor Capital Limited, a London based FinTech that provides short term working capital solutions announced today that it had provided in excess of US$500m in short term financing for its customers. Levantor achieved this working closely with Investec Bank Plc who are their mandated lead arranger.
Levantor’s suite of solutions includes simple and flexible sales and distributor financing structures that seamlessly enable global corporates to grow their sales by extending payment terms to their buyers. Based in London, Levantor was founded by a team of Investment and Commercial bankers.
Levantor’s state of the art technology platform automates and simplifies financing for both borrowers and lenders, and provides access to a wide panel of investors across the world.
The full Investec press release can be read here:
London - December 2018
Daniel O’Hanlon joins Levantor Capital as CITO
Levantor Capital Limited, a London based FinTech that provides short term working capital solutions announced today that Daniel O’Hanlon had joined the business as Chief Information and Technology Officer (“CITO”). Daniel was previously CITO at Index Ventures, a leading technology venture capital firm.
“We are extremely pleased that Daniel has decided to join the team at Levantor Capital.” Said Mike Humphreys, Co-Founder of Levantor Capital. “He is an extremely experienced CITO having served many years in this role at one of the leading global technology venture capital firms. We look forward to the extremely positive contribution that he will undoubtedly make to the business.”
London - November 2018
Levantor Capital exceeds US$350m of short term customer financing
Levantor Capital Limited, a London based FinTech that provides short term working capital solutions announced today that it had arranged in excess of US$350m in short term financing for its customers. Levantor, working together with their Mandated Lead Arranger, Investec Bank PLC, have grown the short-term financing business rapidly since launch in early 2017 and are on target to have financed over US$500m by year end 2018. They attribute their strong growth in part to the technology platform which automates and simplifies the financing for both borrowers and lenders. Currently accessing a wide panel of banks which provide local and international reach their business continues to grow rapidly as new banks and specialist financiers continue to join. The team behind Levantor is a mix of seasoned Investment & Trade Finance bankers who bring different perspectives to support their clients.
Tim Young and Mike Humphreys - cofounders of Levantor, remarked, ‘We haven't really seen the trade finance market fully recover from the 2008 financial markets slowdown. The last few years have seen shrinking bank lending, mainly as a result of Basel III implementation and the consequent focus of banks on a narrower product offering and geography, while global trade continues to grow. The unevenness with which liquidity and credit is being allocated into the real economy, across various sectors and geographies, creates frequent opportunities for us to support leading companies in growing their sales’.
Edward Till, Partner at Levantor Capital further elaborated, ‘At Levantor we are focussed on meeting the needs of companies that seek extension of payment terms for their purchases and we have a suite of attractive solutions that can be offered to help them online in real time. We believe our world class platform provides a secure and scalable solution to companies in managing their working capital and liquidity needs as they grow. We have a strong financing panel in place and are in advanced discussions with a number of further banks to join the program and extend our geographic reach.’
London - October 2018
Levantor Capital joins the International Trade & Forfaiting Association
Levantor Capital Limited, a London based FinTech that provides short term working capital solutions announced today that it had joined the International Trade & Forfaiting Association’s Northern European Regional Committee.
“As a Fintech company operating in the trade finance space we are extremely keen to recognise and help the valuable work of ITFA in supporting the trade finance world.” said Mike Humphreys, Co-Founder of Levantor Capital.
London - June 2018
Levantor Capital and Rootsquared present at GTDC annual EMEA Summit
Dave Frye, Principal at Levantor Capital, and Peter Ward, CEO of Rootsquared, presented “Channel Cloud Challenges and New Financing Solutions” at the Global Technology Distribution Council’s annual EMEA Summit in Noordwijk, Netherlands.
The transition from traditional hardware and software sales to sales of IT as a service, such as cloud computing, has been a major topic for the past several years at the EMEA Summit, the leading gathering in EMEA of vendors and distributors in the information technology sector.
In the presentation, Ward discussed the challenges this transition poses to the IT industry, particularly related to the shift in payment terms from upfront to monthly over time. Ward also highlighted the opportunities for the channel as cloud adoption by the SME sector increases significantly. Rootsquared’s research concluded that to offer IT as a service successfully, the channel needs a simple proposition for SMEs that offers consolidated billing, bundling multiple IT-as-a-service components, including hardware, cloud and managed services. To do so requires new types of channel finance to cover payment term mismatches and manage customer credit risk.
Frye explained how Levantor Cloud Finance can help the channel grow IT-as-a-service sales. “At Levantor, Cloud Finance is an extension of our Sales Finance offering,” said Frye. “Levantor’s simple solutions help IT vendors and their channel partners enable sales by providing customers the payment terms they need. Cloud Finance is the same concept. Partnering with cloud providers, distributors and managed service providers, we offer financing and credit risk mitigation to enable the channel to access cloud provider discounts for committed subscriptions (e.g., reserved instances) and offer end customers a better deal, i.e., better price for monthly opex billing. Simplicity is key. Our solutions are a sales tool for the channel designed to have minimal impact on the partner’s relationships and contracts with vendors, cloud providers and end customers”
Levantor Capital is a FinTech that helps vendors, distributors and channel partners enable sales by providing simple, innovative sales finance programs. Via a panel of global and regional banks, led by Investec Bank plc, Levantor’s programs have financed in excess of EUR300 million in sales to date since going live in March 2017.
Rootsquared is a consulting company who specialise in combining insight, innovation and expertise to enable change.
London - March 2018
Levantor Capital at Cloud Expo Europe
Levantor Capital, a London based FinTech today launched their Cloud Finance initiative at Cloud Expo Europe. The Cloud Finance initiative allows Levantor to assist their customers stay ahead of the changing demands of the market. As end users move their I.T. spend away from traditional activities and into the cloud, suppliers must follow suit. The Levantor initiative allows suppliers to offer financing on both tangible and intangible assets.
“We believe this solution to be unique to the current marketplace. It will give suppliers a strong competitive advantage by allowing them to finance cloud and licence spend along with the more traditional tangible assets.” said Nigel Bottrill, Partner at Levantor.
London - Jan 2018
Levantor Capital announces strategic hire – Nigel Bottrill joins from Citi
Levantor Capital is pleased to announce the arrival of Nigel Bottrill, who was the Global Head of Sales Finance Origination at Citi.
“Nigel has over 25 years of experience in International Trade and brings a wealth of knowledge specifically in Sales Finance .” said Mike Humphreys, co-founder of Levantor Capital. “Nigel has a long track record working with a wide range of clients selling around the globe and building tailor-made solutions which complement Levantors unique proposition.”
Nigel Bottrill noted, “I am very excited to be joining such a dynamic and flexible proven business. The team have such a wide breath of experience and Levantor offers a great opportunity to work with Sellers across a broad market with an extensive investor based. The Levantor platform provides market reach for clients looking to increase their sales and support their market position.”
London - June 2017
Levantor Capital announces strategic hire – Dave Frye joins from Citi
Levantor Capital is pleased to announce the arrival of Dave Frye, who joined from Citi in London where he headed EMEA Sales Finance.
“Dave significantly strengthens Levantor’s unique Sales Finance proposition, which helps suppliers and their customers enable sales while generating attractive short-term, revolving trade assets for investors,” said Mike Humphreys, co-founder of Levantor Capital. “Dave has a long track record of arranging large-scale programs that make it very easy for major multinationals to offer customers the payment terms they need in order to increase sales.”
Dave Frye noted, “I am very excited to join Levantor. Its innovative platform allows us to offer the benefits of sales finance to a broad global market and to provide at scale the type of short-term assets that many investors are seeking.”
London - March 2017
Levantor Capital goes live
Levantor Capital, a London based FinTech that provides innovative short term working capital solutions announced today that it had gone live with its first customer financing program for a large multinational I.T. manufacturer. Levantor helps suppliers increase sales by providing simple, flexible financing for their buyers. Levantor pays the supplier directly on the buyer’s behalf.
The buyer repays Levantor later thereby allowing them to finance inventory or extended payment terms offered to their customers. The process is highly automated via a bespoke financing platform that is both simple to use and robust.
Mike Humphreys and Tim Young, co-founders of Levantor said “We are pleased to have begun actively financing sales for our first manufacturer. The simplicity of our financing platform combined with a strong panel of financiers put us in an extremely strong position and allowed us to win this mandate against established competitors.”
London - June 2016
Levantor Capital announces strategic hire – Edward Till joins from HSBC
Levantor Capital is pleased to announce the arrival of Edward Till, who will work alongside Levantor’s two founders, Mike Humphreys and Tim Young.
“I am excited to be joining an innovative FinTech and look forward to contributing to the company’s forthcoming business launch” said Edward Till, who was previously the Global Receivables Finance Product Head at HSBC.
“We are delighted to have Edward join the team,” said Mike Humphreys, co-founder of Levantor Capital, “he brings considerable trade and receivables finance experience, complementing the team’s existing capital markets expertise.”
Founded in 2015, Levantor Capital provides innovative sales finance solutions with a focus on the technology sector.