News
LDC backs fast-growing fintech LendingMetrics
7 Nov 2024
LDC’s track record in backing technology businesses speaks for itself, but it was the LDC team’s approach to the investment that made the difference. They’re already providing the kind of strategic input we expected from an experienced investment partner, but they back us as a team to lead the business and pursue our own vision and ambition.”
David Wylie, Commercial Director of LendingMetrics, said: “I am delighted that we have been able to agree this deal with such a highly regarded investor, committed to growth and expansion of UK home-grown businesses. The whole LendingMetrics team are responsible for the excellent reputation we have built in the decisioning technology sector and, with LDC’s backing, we look forward to leveraging our market-leading position to scale the business and identify new market opportunities and partnerships.”
Oliver Schofield, Investment Director at LDC, added: “Neil, David and the wider LendingMetrics team have built a highly sophisticated and disruptive technology stack that is at the cutting edge of credit risk technology and has made the business a critical, trusted partner to their clients. We’re excited to be backing the team and helping them to scale in what is a fast-growing and rapidly evolving market.”
LDC has a successful track record in the technology sector. In the last decade, the firm has invested £715m into fast growing technology businesses, backing management teams to achieve their ambitions. LDC’s current technology portfolio includes a diverse range of companies such as the cloud-based insurance technology platform Uinsure; database, cloud and applications managed service provider DSP; and leading artificial intelligence-based talent analytics platform Horsefly.
LendingMetrics was advised by Sequence Advisers (corporate finance) and RWK Goodman (legal).
LDC was advised by FRP Corporate Finance (corporate finance), Womble Bond Dickinson (legal), BDO (financial and tax due diligence), Armstrong (commercial due diligence), Coppett Hill (sales due diligence), Alvarez & Marsal (tech due diligence) and Aon (insurance due diligence).
The transaction is subject to FCA approval.