#USA #San Luis Obispo #Finance Technology #Lendscape #WinFactor

Lendscape's Strategic Acquisition of WinFactor

Lendscape, the preeminent global provider of working capital finance technology, has achieved a significant milestone with the acquisition of WinFactor, a distinguished provider of factoring software solutions in North America. This move not only amplifies Lendscape's influence within the region but also marks a transformative step in the company's growth strategy, allowing it to enhance its existing technology portfolio.

The Significance of the Acquisition

For over 30 years, WinFactor has established a formidable reputation for its intuitive, end-to-end factoring software, tailored to streamline operations for finance companies. Their platforms are designed to empower these companies, allowing them to manage their portfolios with improved speed, accuracy, and efficiency. By merging with Lendscape, the customers of WinFactor stand to benefit from a more extensive suite of capabilities and access to global expertise, thereby facilitating their growth and evolution in the financial landscape.

Tony Davison, the Chairman of Lendscape's Board, emphasized the critical nature of this acquisition. He stated, “This acquisition represents a significant milestone in Lendscape's growth journey and highlights our commitment to expanding in key markets.” With the inclusion of WinFactor, Lendscape aims to fortify its status as a global leader in financial technology.

Strengthening the U.S. Market

Martin Morrin, Lendscape's CEO, expressed optimism regarding the acquisition's implications for the U.S. market. He highlighted WinFactor's established relationships with American factoring businesses, suggesting that this partnership would allow for a blend of local insights and international technological advancements. As Morrin noted, “By combining WinFactor’s strong position with our technology leadership, we aim to create an environment ripe for innovation and growth for U.S. lenders.”

The move is designed to ensure that existing WinFactor customers continue to receive the high-quality support they have grown accustomed to. However, with Lendscape's global resources and technological advancements at their disposal, they can look forward to enhanced support and a broader array of services.

A Vision for the Future

As Patrick de la Roza, CEO of WinFactor, remarked, this acquisition heralds an exciting new chapter for both WinFactor and its clients. The partnership is expected to drive increased innovation and resource availability, greatly benefiting their customer base. Mike Kingham, the Founder and Chief Innovation Officer of WinFactor, underscored their initial mission: to simplify and automate the factoring process. He believes that joining Lendscape allows that mission to expand rapidly and with more substantial impact on a global scale.

The integration of Lendscape and WinFactor is set to deliver innovative, scalable technology solutions that empower lenders in unlocking new opportunities to achieve sustainable growth. The deal illustrates Lendscape's dedication to shaping the future of secured finance and emphasizing crucial growth sectors.

About Lendscape

Lendscape stands as the world’s foremost technology provider for secured finance, boasting over 45 years of experience. Their extensive understanding of the industry has enabled them to design and deliver cutting-edge secured lending technology across more than 40 markets, serving some of the world's leading banking and financial services providers. Their diverse portfolio covers various working capital and asset finance solutions, including factoring, invoice discounting, and asset-based lending.

For further insights, visit lendscape.com.

About WinFactor

For three decades, WinFactor has excelled as a provider of factoring software solutions in North America. They are well-known for their rich feature platform and a customer-centric approach that has enabled finance companies to optimize operations and enhance client service.

Find out more at winfactor.com.