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.”