Investec adds firepower to fintech lender

By George Geddes on Monday 14 January 2019

Alternative Lending

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.”

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