Fintechs unite to launch lendtech Lenvi

As part of the launch, Lenvi has introduced a loan management software platform, which uses an augmentation layer and configurable technology so clients can make “rapid” changes in-platform

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Fintechs unite to launch lendtech Lenvi

Lenvi, a new consumer and commercial lendtech formed from a trio of Equiniti’s businesses, has launched today. 

Lenvi brings together EQ Credit Services, EQ RiskFactor and EQ KYC Solutions into a single entity under a new leadership team.  

The new team, headquartered in Leeds, UK, will be led by Richard Carter, founder of Nostrum Group, and Tom Martin, of Everyday Loans, who has joined as chief technology officer. 

They will lead a team of 320 and a portfolio of clients that include Santander, Barclays and Admiral. 

As part of the launch, Lenvi has introduced a loan management software platform, which uses an augmentation layer and configurable technology so clients can make “rapid” changes in-platform.  

In an email interview with FinTech Intel, Richard Carter, chief executive officer of Lenvi, said: “Our loan management software, Lenvi PFOne, is the only of its kind on the market. It’s an open platform, meaning that it supports a great customer journey and easy customisation.  

Lenvi - Richard Carter CEO - 1
Richard Carter

“Essentially, it gives our customers more control over deployments, supported by easy-to-use, intuitive interfaces and functionality, and any changes they need to make can be made at their end.”  

Carter believes that the lending sector needs to adapt to “embrace the future”, and that’s what Lenvi’s technology provides.   

On the benefits of Lenvi’s software and the advantages it has over competitors, Carter said: “The difference between our competitor’s software is customers can develop on top of our IP and it does not rely on third party to make changes.  

“The benefits of this are that our customers own development teams can develop on top of a proven, trustworthy and regulatory-approved platform to scale and create change quickly and rapidly to respond to market conditions or regulatory changes.”  

Image: Lenvi