FinTechs unite with launch of ‘Lenvi’

Trio of consumer and commercial lending techs join forces to form 320-strong powerhouse

• When three become one: Fintech trio with years of industry-leading experience set to take on consumer and commercial lending markets.
• Lenvi onboards new leadership team, including fintech veteran Richard Carter and Everyday Loans CTO, Tom Martin, to drive growth and R&D.
• Lenvi has a portfolio of clients that are major industry players, including Santander, Barclays, Metro Bank and Admiral.
• Lenvi marks its launch with a new highly configurable and cloud native Loan Management Platform with open and customisable user interfaces, API and workflow alongside significant functional enhancements including open banking, consumer duty ready compliance support and contact centre integrations.

A trio of fintechs with years of industry-leading experience are joining forces to form a powerhouse set to take on consumer and commercial lending markets.

Lenvi brings together EQ Credit Services, EQ RiskFactor and EQ KYC Solutions into a single entity under a new leadership team, with big ambitions to deliver more powerful, relevant and responsible lending solutions for customers.

The new leadership team will be spearheaded by Richard Carter, founder of Nostrum Group which was acquired in 2017, and Tom Martin, of Everyday Loans, who has joined as CTO. They will lead a 320-strong workforce and a portfolio of clients that are major industry players including Santander, Barclays, Metro Bank and Admiral.

Lenvi will combine global expertise, market insight and end-to-end service capability by bringing together loan servicing and collection software, risk management software for receivables finance, mortgage and loan servicing contact centre support, standby servicing and Know Your Customer servicing.

To mark the launch of Lenvi, the fintech powerhouse introduces newly formulated Loan Management Software – the only one of its kind on the market – which uses an augmentation layer and configurable technology so clients can make rapid changes in-platform, Kubernetes for scaling faster and containerisation for faster deployment.