Linedata has acquired French fintech startup Loansquare, which digitalises exchanges between the lenders and borrowers.
The acquired platform has two portals. The Borrower Portal enables the borrowers to provide their financing requirements to the lender, while the Servicing Portal allows the lenders to automate and manage financial flows and commitments.
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The Loansquare platform also comes with messaging and document management features.
With Loansquare acquisition, Linedata expects to bolster end-to-end capabilities of its platforms and services for lenders.
Linedata founder and CEO Anvaraly Jiva said: “I am delighted to start 2019 with the acquisition of Loansquare.
“We are engaged in an ambitious process of enabling digital transformation and are thrilled to be able to integrate innovators from the start-up community.”
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By GlobalDataLoansquare CEO François Lévy said: “Companies are constantly searching for digital solutions to manage their operations simply and efficiently.
“The complementarities between the Linedata and Loansquare platforms enables us to satisfy this need in a truly innovative way, connecting banks and borrowers with the same user experience and standards demanded by consumers in their dealings with institutions.”
Following the acquisition, Loansquare works over Linedata Ekip360, a global leasing, car finance and consumer loans solution.
It also interoperates with through Linedata’s commercial and syndicated loans servicing platform Linedata Uniloan360 and its Capitalstream, a global commercial loans origination and risk management platform.
