Levantor Capital exceeds $350m of short-term customer financing
Levantor Capital Limited (“Levantor”), a London based FinTech that provides short term working capital solutions announced today that it had provided in excess of US$350m in short term financing for its customers.
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 a team of bankers and technology experts.
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 - co-founders 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 focused 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.’