Specialist bank Investec acts as lead arranger for Levantor, assisting the platform in reaching the $500m milestone.
Investec has supported fintech company Levantor Capital to provide over $500m in short term financing arrangements for businesses.
London-based Levantor provides short term working capital solution to its clients. Levantor’s platform automates the financing for both borrowers and lenders, enabling borrowers to access a panel of investors expanding around the globe.
Since Levantor’s launch in 2017, Investec has acted as a Mandated Lead Arranger (MLA) for the company. An MLA is usually an investment bank, in this case Investec, which facilitates and leads a group of investors in a syndicated loan for major financing. The arranger holds the largest part of the new issue and assigns the remainder to other underwriters.
With the help of Investec, Levantor has supplied over $500m in finance to businesses for cloud technology and the financing or holding of inventory.
Wesley Harfield, Head of Sales at Investec Asset Finance, said in a statement: “As the Mandated Lead Arranger, we are excited at the prospect of expanding the program. We already have a growing number of UK and European institutions participating; we believe that we have laid a solid foundation for future growth and look forward to continuing to work closely with Levantor.”
Now in its sixth year, the AltFi London Summit returns on 18th March 2019 to 155 Bishopsgate. Last year proved to be a crucial turning point for the key players building the future of finance. Leading platforms launched oversubscribed IPOs, digital banks proliferated and mainstream financial institutions started their own disruptive propositions. With 2019 certain to be another landmark year, more questions will be asked by regulators with investor interest in disruption also poised for more rapid growth.