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.”